The most important statistical tool in empirical economics is standard deviation.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Which is the most accurate statement?
A. The most important aspect of oligopoly is product differentiation. B. An oligopolistic industry cannot have more than five firms. C. There are virtually no oligopolies in the U.S. D. There are a whole range of oligopolistic models, from a cartel to cutthroat competition.
A two-way network that links users and in which the per-unit value of the service increases as the size of the network increases is a:
A. negative externality known as a direct network externality. B. positive externality known as a direct network externality. C. negative externality known as an indirect network externality. D. positive externality known as an indirect network externality.
You wish to buy only one CD. Use the rule of equal marginal utility per dollar to determine which one to purchase:
(a) Drake's latest CD for $15 which gives you 75 units of utility, or (b) Bob Dylan's "Shadows in the Night" for $10 that gives you 100 units of utility?
Which of the following best represents the law of demand?
A) As the price of a good decreases, the demand for the good increases. B) As the price of a good increases, the quantity demanded of that good decreases. C) As the demand for a good increases, the price of that good increases. D) As the price of a good decreases, the demand curve for that good shifts to the right.