If U.S. net exports are positive
A) other countries borrow from the United States to pay for some of the goods they purchase from the United States.
B) other countries make loans to the United States so that the United States can pay for some of the goods it purchases from other countries.
C) the United States sells some of the assets it owns in other countries to pay for some of the goods it sells to other countries.
D) the United States borrows from other countries to pay for some of the goods the United States purchases from them.
A
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Spending on programs that ________, such as Social Security and Medicare, is classified as entitlement and mandatory spending
A) is authorized only in times of budget deficits B) is authorized only in times of budget surpluses C) is authorized by Congress on an annual basis D) has been authorized by prior law
The marginal product curve rises when the marginal cost curve rises
a. True b. False Indicate whether the statement is true or false
Suppose that the country of Libraria made a concerted effort to increase the educational level of its people. If this effort had no effect on the wages of its workers, one might consider this as evidence in support of
a. the human-capital view of education. b. the signaling view of education. c. both the human-capital and the signaling view of education. d. neither the human-capital nor the signaling view of education.
The value of the estimated transformation parameter in generalized least square estimation that eliminates serial correlation in error terms indicates whether the estimates are likely to be closer to the pooled OLS or the fixed effects estimates.
Answer the following statement true (T) or false (F)