Wealth is the same as:
A. assets.
B. capital gains.
C. net worth.
D. savings.
Answer: C
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In U.S. recessions, growth in total consumption is ________, which is ________ with the workings of the permanent-income and life-cycle hypotheses
A) largely uninterrupted, perfectly consistent B) largely uninterrupted, rather inconsistent C) noticeably reduced, perfectly consistent D) noticeably reduced, rather inconsistent
Total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units. Which of the following are true?
a. VC rise by $1,800 b. VC rise by $0 c. VC rise by $300 d. VC rise by $1,500
Unemployment that occurs from fundamental technological changes in production, or from the substitution of new goods for customary ones, is known as
a. underemployment b. seasonal unemployment c. frictional unemployment d. structural unemployment e. cyclical unemployment
Which of the following statements is true?
A. If a model has several explanatory variables and several variations to the general model are to be presented, it is better to report the results in an equation form, rather than a tabular form. B. If a model has several explanatory variables and several variations to the general model are to be presented, it is better to report the results in a tabular form, rather than an equation form. C. The adjusted R-squared should always be listed in the result section of a research paper, while the R-squared may or may not be listed. D. The number of observations for each equation should always be listed in the result section of a research paper, while the R-squared may or may not be listed.