The long-term bond rate is ________ than the short-term rates, and it fluctuates _________ than the short-term rates.
Fill in the blank(s) with the appropriate word(s).
higher; less
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Jennifer Borts moves her office from the premises she rents at a local mall to her home. As a result of this move
A) Jennifer's opportunity costs fall. B) Jennifer's explicit costs fall and her implicit costs rise. C) Jennifer's implicit costs fall. D) Jennifer's total costs fall.
The length of the short run
a. is different for different types of firms. b. can never exceed 3 years. c. can never exceed 1 year. d. is always less than 6 months.
Currently tire producers must receive a price of $50 per tire to produce 5000 tires. If the supply curve of tires is upward sloping, then to produce one additional tire, tire producers will need to receive a price of
A) $50. B) less than $50. C) more than $50. D) $0.
The Laffer curve is a curve showing
A) output as a function of the tax rate. B) tax revenue as a function of the tax rate. C) government expenses as a function of how liberal the government is. D) the tax rate as a function of government expenses.