If some piece of information causes buyers to expect the price of a good to rise in the future, but sellers take the same information and believe it will have no impact on price, the result is

If customer discrimination does not exist, firms that discriminate on the basis of race or sex will

A) have higher costs than those that do not. B) have the same level of costs as those that do not. C) have lower costs than those that do not. D) tend to survive whereas firms that do not discriminate will tend to fail.

Under the liquidity premium theory, the expectation that future short-term rates will be constant results in a yield curve that

A) is flat. B) slopes upward. C) slopes downward. D) is flat, slopes upward, or slopes downward, depending on the size of the term premium at each maturity.