If there is a surplus of a good, the quantity demanded is ________ the quantity supplied, and the price will ________
A) less than; rise
B) less than; fall
C) greater than; rise
D) greater than; fall
E) equal to; fall
B
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A movement along the consumption function is caused by a change in:
a. the price level. b. autonomous consumption. c. real disposable income. d. the stock of durable goods.
Marginal cost:
A. increases then decreases, as output increases, to reflect marginal product. B. is calculated as change in total output divided by change in total cost. C. is calculated as change in total cost divided by change in total output. D. None of these is true.
The maximin criterion for government policies is associated with
a. the school of thought called utilitarianism. b. the school of thought called liberalism. c. the school of thought called libertarianism. d. the school of thought called stoicism.
If the p-value of an F statistic 2.63 is 0.034, then we can say that the problem of interest is significant at the 5% level.?
Answer the following statement true (T) or false (F)