Suppose the yield curve is upward sloping. How should one interpret this particular yield curve?
What will be an ideal response?
Upward sloping yield curve implies that the future expected one-year rate is higher than the current one-year rate.
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A voting procedure in which voters initially rank alternatives, the alternative with the fewest first-place votes is eliminated and those votes are transferred to each voter's next-favorite choice,
and the process repeats until a winner emerges, is known as the A) Borda-count method. B) Condorcet method. C) instant runoff method. D) plurality-rule method
If the maintenance fees for a lighthouse are paid in full each year by charging port fees, then the lighthouse is: a. rivalrous and excludable
b. non-rivalrous and excludable. c. rivalrous and non-excludable. d. non-rivalrous and non-excludable.
Given the information that follows, how much are (a) accounting profits and (b) economic profits? Sales, $750,000; explicit costs, $450,000; return you could have earned by investing your money elsewhere, $50,000; wages that you and your family members could have earned doing the same work for another firm, $70,000.
What will be an ideal response?
Which of the following statements is true?
A) All economic agents are necessarily individuals. B) A worker who shirks work is not an economic agent. C) A government is an example of an economic agent. D) A street gang is not an economic agent.