If
1 > 0,then yt ?in the linear function of time E(yt) =
0 +
1t displays a(n):?
A. ?upward trend.
B. ?downward trend.
C. exponential trend.
D. quadratic trend.
Answer: A
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Refer to Figure 9.4. If the government establishes a price floor of $40 and government purchases the surplus over quantity demanded, producer surplus will
A) fall by $275. B) fall by $500. C) remain the same. D) rise by $275. E) rise by $500.
Company Z is a U.S. company that has just entered the market for a given good and is the first in this country to produce that good. The good is already being produced in many foreign countries is exported to the United States. If company Z wants to restrict this foreign competition, it will most likely use which of the following arguments?
A) anti-dumping B) national-defense C) job-creation D) infant-industry E) low-foreign-wages
If Tesla is thinking about building a new factory, it is making a
A. Long-run decision that may enhance its profit. B. Short-run decision that will definitely enhance its profit. C. Short-run decision that may enhance its profit. D. Long-run decision that will definitely enhance its profit.
Mister Jones was selling his house. The asking price was $220,000, and Jones decided he would take no less than $200,000. After some negotiation, Mister Smith purchased the house for $205,000. Jones' producer surplus is
A) $5,000. B) $15,000. C) $20,000. D) not able to be calculated from the information given.