A job leaver is an individual
A. who used to work full time but left the labor force and has now reentered it looking for a job.
B. in the labor force who quits voluntarily.
C. who has never held a full-time job lasting two weeks or longer but is now seeking employment.
D. in the labor force whose employment was involuntarily terminated.
Answer: B
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Moral hazard is a problem
A) peculiar to direct finance. B) peculiar to mutual funds. C) arising before a transaction is consummated. D) arising after a transaction is consummated.
The OLS estimator for the multiple regression model in matrix form is
A) (X'X)-1X'Y B) X(X'X)-1X' - PX C) (X'X)-1X'U D) (X?-1X)-1X?-1Y
In a market where all goods are perfect substitutes for each other,
a. the price elasticity of demand is 1.0 for all goods b. the market is perfectly competitive c. only one producer dominates d. only a few firms can operate e. brand loyalty is high
If an individual demands a good, it means that he or she
A. Is willing and able to purchase the good at some price. B. Must need the good. C. Prefers the good to all other choices. D. Has a strong desire for the good.