Do markets solve all of society's problems?
a. Yes, markets are efficient and work well under nearly all circumstances.
b. Yes, markets solve the problems of production and distribution.
c. No, they do not solve problems such as unemployment and inflation.
d. No, they hardly solve any problems at all.
e. Uncertain, economic theory has no answer to this question.
c
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The Pension Benefit Guaranty Corporation, which protects employee pensions for participating firms, is not a well-designed insurance program
Indicate whether the statement is true or false
The value of a loan of $100,000 after a year at 5 percent interest is:
A. $5,000. B. $95,000. C. $105,000. D. None of these is true.
The September 11 attacks no doubt worsened the slowdown that had already begun earlier in mid-2000
a. True b. False
In a model based on a weakly dependent time series with serial correlation and strictly exogenous explanatory variables, _____.
A. the feasible generalized least square estimates are unbiased B. the feasible generalized least square estimates are BLUE C. the feasible generalized least square estimates are asymptotically more efficient than OLS estimates D. the feasible generalized least square estimates are asymptotically less efficient than OLS estimates