Which of the following is NOT a stock variable?
A. government debt
B. the labor force
C. the amount of money held by the public
D. inventory investment
Ans: D. inventory investment
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Answer the following statement(s) true (T) or false (F)
1. The slope of the budget line depends on the wage rate and the amount of human capital the worker has accumulated. 2. An increase in a worker's marginal productivity can cause an increase in the worker's non-labor income. 3. Human capital tends to increase over the course of a person's life. 4. Because people work more efficiently in periods of high productivity, they tend to work fewer hours because it does not take as long to complete assignments. 5. Unlike regular indifference curve analysis, that involving the labor consumption trade-off only includes income effects (not substitution effects) because labor only generates income.
Which of the following situation would make transaction costs too high to negotiate and therefore the Coase Theorem would not apply?
A. Only a few people are bothered by the pollution in the area B. Many people are bothered by pollution in the area C. Many firms are in the area with different levels of pollution D. One firm is the cause of the pollution
The total sum of squares is 400 and the sum of squares errors is 100, what is the coefficient of determination?
A) 25 B) 0.75 C) 1.00 D) 0
The long-run effect of increasing government budget deficits
A) is a redistribution of real GDP from privately provided goods to government provided goods. B) is no impact on equilibrium real GDP. C) is to increase of price level. D) all of the above.