The linear regression equation, Y = a + bX, was estimated. The following computer printout was obtained: 
Given the above information, which of the following statements is correct at the 1% level of significance?
A. â is statistically significant, but b? is not.
B. b? is statistically significant, but a? is not.
C. Neither â nor b? is statistically significant.
D. Both â and b? are statistically significant.
Answer: A
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Game theory reveals that
A) the equilibrium might not be the best solution for the parties involved. B) firms in oligopoly are not interdependent. C) each player looks after what is best for the industry. D) if all firms in an oligopoly take the action that maximizes their profit, then the equilibrium will have the largest possible combined profit of all the firms. E) firms in an oligopoly choose their actions without regard for what the other firms might do.
If output per capita grows by a constant 6% per year, then the standard of living would grow by about ________ over 3 years
A) 12% B) 17% C) 18% D) 19% E) 20%
To enhance their prestige, some country clubs like to point to the fact that they have a waiting list for new members. Even at clubs with high initiation fees, it is common that prospective members have to wait three or more years before there is room for them on the membership rolls. How do these country clubs set the price of membership to ensure that they have a waiting list?
A. Set the membership price above the market clearing price. B. Set the membership price below the market clearing price. C. Set the price at a level that will generate a surplus of memberships. D. Set the price so that the quantity supplied of memberships exceeds the quantity demanded.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A. B. A to C. C. C to D. D. B to D.