If Utopia has a closed economy, the price of tile is $________ per case, and if it has an open economy the price of tile is $________ per case.
A. 15; 20
B. 30; 15
C. 15; 10
D. 20; 15
Answer: D
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Describe the four determinants of exchange rates in the long run
What will be an ideal response?
If individuals who sit in the back of the classroom receive lower grades on average than the rest of the class, does that mean that sitting in the back of a classroom causes one to perform poorly on exams?
a. Not necessarily. The reoccurrence of a certain relationship between two variables does not necessarily imply causation. b. It is not possible for an economist to determine causation between variables. c. The reoccurrence of such a relationship is sufficient evidence that sitting in the back of a classroom will lead to lower grades. d. The reoccurrence of such a relationship is sufficient evidence that students who receive low grades prefer to keep a low profile and always sit in the back of the classroom.
Negative externalities are costs incurred by: i. buyers ii. sellers iii. someone other than buyers or sellers
a. (i) only b. (ii) only c. (iii) only d. both (i) and (ii)
Consider the model: log (wage) = alt="" class="Wirisformula" data-wiris-created="true" src="@@PLUGINFILE@@/ppg__cognero__Ch_07_Multiple_Regression_Analysis_with_Qualitative_Information__media__2b682f74-b87d-436e-a981-c7fbda5cd7aa.PNG" style="vertical-align:middle;" />female * graduate + u , where graduate is a dummy variable (1 if the person has graduated from college, and 0 otherwise), and female is a dummy variable (1 if the person is female, and 0 otherwise). Which of the following measures the return of graduating from college for men?
A. 
+ 
female + 
graduate + 
+ 
B. 
+
C. + 
D. 
+ 