Which of the following contributes to an institutional structure that promotes economic growth?
A. Technology.
B. Property rights.
C. Comparative advantage.
D. The inequality trap.
Answer: B
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As the economy turns the corner into a recession, the level of unplanned inventories ________ and firms ________ production
A) increases; do not change B) decreases; begin to decrease C) increases; begin to decrease D) decreases; begin to increase E) increases; begin to increase
Relative to free trade, when a tariff is imposed in a market for an imported good,
A) the consumer surplus in that market increases. B) the producer surplus in that market decreases. C) the total surplus in that market decreases. D) tariff revenue decreases. E) deadweight loss decreases.
Suppose you and your friend have decided to go into a very lucrative joint venture together, which would make $5,000 for both of you. Nevertheless your friend, who does not need the money as much as you, say he will not cooperate with you unless he gets at least 90% of the earnings. It will be in your advantage not to capitulate to your friend's demands as long as:
A. your friend does not know anything about your goals. B. you cared only about the absolute distribution of the winnings. C. you follow a self-interest goal. D. you do not follow an egoistic goal.
A forecaster used the regression equationQt = a + bt + c1D1 + c2D2 + c3D3and quarterly sales data for 1996 I - 2013 IV (t = 1, ..., 64) for an appliance manufacturer to obtain the results shown below. Q is quarterly sales, and D1, D2 and D3 are dummy variables for quarters I, II, and III.
At the 5 percent level of significance, is there a statistically significant trend in sales?
A. Yes, because 2.14 > 2.00. B. No, because 1.5 < 2.00. C. No, because 2.14 < 2.66. D. No, because 1.5 < 2.66. E. none of the above