Who said "Work expands so as to fill the time available for its completion," and "Work expands to occupy people available for its completion"?
A. Adam Smith
B. C. Northcote Parkinson
C. Karl Marx
D. John Maynard Keynes
B. C. Northcote Parkinson
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________.
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Sample selection bias
A) occurs when a selection process influences the availability of data and that process is related to the dependent variable. B) is only important for finite sample results. C) results in the OLS estimator being biased, although it is still consistent. D) is more important for nonlinear least squares estimation than for OLS.
A firm seeking to maximize economic profits should produce at the output at which
A) total revenue equals total cost. B) marginal revenue equals marginal cost. C) average revenue equals average cost. D) marginal revenue equals average revenue.
When controls over market prices are enacted, the consequences are always clear.
Answer the following statement true (T) or false (F)