A growing number of cigar manufacturers in the Caribbean and Central America have begun producing and exporting cigars to the U.S. market. How has this affected the equilibrium price and quantity of cigars?
What will be an ideal response?
The supply curve for cigars shifted to the right resulting in a lower equilibrium price and higher equilibrium quantity.
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There is no possible economic relationship between the birth rate and the availability of arable land
Indicate whether the statement is true or false
Omitted variables
A) can cause hypothesis tests to be unreliable. B) require multiple regression analyses to find. C) are usually those with t-statistics less than the critical value. D) are usually outside the confidence interval.
One of President Obama's first policy initiatives was a stimulus bill that included large increases in government spending
a. True b. False Indicate whether the statement is true or false
Which of the following is an income transfer?
A. A new highway built by the federal government. B. A gift of money from a parent to a child. C. Free medical care made available to the poor by a private physician. D. Unemployment benefits paid to a factory worker who was laid off.