When yield curves are steeply upward sloping
A) long-term interest rates are above short-term interest rates.
B) short-term interest rates are above long-term interest rates.
C) short-term interest rates are about the same as long-term interest rates.
D) medium-term interest rates are above both short-term and long-term interest rates.
A
Economics
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The productivity curve
A) has a positive slope. B) has a negative slope. C) is vertical. D) is horizontal. E) is U-shaped.
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Suppose Alice sells a good for $60 on eBay. If the producer surplus from the sale is $25, Alice's cost of the good must have been:
A. $35. B. $25. C. $60. D. $85.
Economics