_________ can cloud the ability to make decisions or to accept decisions once they are made
a. Procrastination
b. Integrity
c. Self-doubt
d. Boredom
C
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According to this Application, the economic effects of increases in temperature seem to
A) be confined to poorer countries. B) be confined to richer countries. C) be nonexistent in most countries. D) be equal across all countries.
________ increases economic efficiency because it forces firms to produce and sell goods and services as long as the additional benefit to consumers is greater than the additional cost of production
A) Competition B) A centrally planned economy C) Equity D) Voluntary exchange
The Federal Funds Rate is ________
A) the rate charged on overnight loans between banks B) the rate charged on corporate bank loans to healthy "prime" borrowers C) the rate charged on U.S. Treasury bonds by the Federal Reserve D) the rate charged on U.S securities with maturities of less than a year E) none of the above
Distinguish between the short run and the long run. In the short run, ______, whereas in the long run ______.
a. some inputs are variable because they can be altered quickly; all inputs are fixed b. some inputs are fixed because they cannot be altered quickly; all inputs are variable c. fixed inputs can be adjusted as production increases; all inputs can be altered d. inputs cannot be varied; some inputs are fixed and cannot be altered