Which of the following changes in the price index produces the greatest rate of inflation: 106 to 112, 112 to 118, or 118 to 124?
a. 106 to 112
b. 112 to 120
c. 118 to 126
d. All of these changes produce the same rate of inflation.
a
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When the U.S. interest rate rises relative to that in other counties, in the foreign exchange market the demand for U.S. dollars ________ and the supply of U.S. dollars ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
You should use the QLR test for breaks in the regression coefficients, when
A) the Chow F-test has a p value of between 0.05 and 0.10. B) the suspected break data is not known. C) there are breaks in only some, but not all, of the regression coefficients. D) the suspected break data is known.
In command-and-control regulation, _____
a. a one-size-fits-all regulation achieves an efficient outcome that maximizes net social welfare b. policies are flexible in nature c. policies provide incentives to figure out ways to reduce externalities d. policies are intended to alleviate the social costs of externalities
Proved reserves are likely to underestimate the total quantity of the resource in the ground because
a. of flaws in information flows between countries. b. government agencies have an incentive to keep reserves secret. c. of future improvements in technology and higher future prices. d. scientists have not been able to use the latest techniques to estimate reserves in less developed countries.