According to the World View excerpt that compares GDP figures for several nations, Japan's real GDP is approximately
A. More than that of China.
B. More than that of Germany.
C. Second only to that of the United States.
D. All of the choices are correct.
Answer: B
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Which of the following statements is true for a monopolist?
a. a monopolist will charge the highest price for which he can sell units of his product. b. unregulated monopolists can gain by producing their chosen output at a low cost. c. if a firm has a monopoly, it will always be able to earn economic profit. d. none of the above statements are true.
Which of the following statements is true about the Medicaid program?
a. The law places a ceiling on state per capita spending for enrollees. b. The majority of total outlays are for the elderly and disabled. c. Eligibility standards are uniform across all states. d. Federal tax revenues provide 100 percent of the program's funding. e. Everyone in the poverty-level population is eligible for benefits.
Which of the following is an example of FGLS estimation?
A. Dickey-Fuller estimation B. Vector error correction estimation C. Prais-Winsten estimation D. OLS estimation.
A fiduciary monetary standard exists when the value of a currency
A. cannot be determined. B. increases with inflation. C. depends upon the public's confidence that the currency can be exchanged for goods and services. D. is convertible to a fixed quantity of gold.