An increase in the taxes on electricity production.
A.) Demand is fully satisfied at all alternative prices.
B.) The buying intentions of all consumers are realized.
C.) The supply intentions of all sellers are realized.
D.) The quantity demanded equals the quantity supplied.
D.) The quantity demanded equals the quantity supplied.
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Refer to Table 9-7. Fill in the following table with the opportunity costs of producing handbags and jackets for Cambodia and Thailand
Handbags Jackets Cambodia Thailand
A notable macroeconomic effect of the bursting U.S. housing bubble in 2007 was a
A. dramatic contraction of aggregate consumption spending. B. marked expansion in the construction sector of the economy. C. modest reduction in Real GDP growth of one percentage point. D. all of the options are correct.
Which of the following assumptions is required for two stages least squares estimation with time series data but not required for two-stage least squares estimation with cross sectional data?
A. The conditional mean of the error term is zero. B. The error term has constant conditional variance. C. The model includes at least one dummy variable. D. The error terms are not serially correlated.
The most desirable combination of output attainable with available resources, technology and social values is known as the:
a) Optimal mix of output. b) Economic choice of output. c) Preferred output choice. d) Efficient choice of production.