According to the law of demand, quantity demanded decreases as ________, ceteris paribus.
A. prices fall
B. demand decreases
C. demand increases
D. prices rise
Answer: D
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Feasible WLS does not rely on the following condition:
A) the conditional variance depends on a variable which does not have to appear in the regression function. B) estimating the conditional variance function. C) the key assumptions for OLS estimation have to apply when estimating the conditional variance function. D) the conditional variance depends on a variable which appears in the regression function.
Four major rivers flow from the decreasing snow melt of the Himalayan mountains. If you are a resident of northern India, which of these four rivers is most likely to threaten food production?
A. The Indus B. The Yangtze C. The Mekong D. The Ganges
If a country increased the production of its capital goods, then
A) the more consumption of goods we can have today. B) the less consumption we can have today, but we will have more in the future. C) the more unemployed resources there will be in the future. D) the more unemployed resources there are today.
When investment occurs in developing nations
A) investors hope to gain significant returns on their investment and residents gain higher rates of economic growth. B) higher rates of economic growth are usually not achieved. C) significant levels of pollution usually occur. D) government politicians usually benefit from the illegal payments made to secure the investment.