If some resources went to waste rather to use in production, the economy would operate outside its production possibility curve
a. True
b. False
Indicate whether the statement is true or false
False
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Personal income is defined as
A) national income less retained earnings plus transfer payments and plus interest on government bonds. B) national income less depreciation. C) national income less personal taxes. D) national income plus retained earnings less transfer payments and less interest on government bonds.
Which of the following is not a typical customer in the wholesale market for foreign exchange?
a. A central bank b. A tourist c. A large company d. The government e. A supranational agency
Which of the following statements is true of dynamically complete models?
A. There is scope of adding more lags to the model to better forecast the dependent variable. B. The problem of serial correlation does not exist in dynamically complete models. C. All econometric models are dynamically complete. D. Sequential endogeneity is implied by dynamic completeness..
Using the seasonal business cycle as your guide, during which quarter would you be most likely to expect an increase in your corporation's sales?
A. The first quarter of the year (January-March) B. The second quarter of the year (April-June) C. The third quarter of the year (July-September) D. The fourth quarter of the year (October-December)