Protection is rarely withdrawn from infant industries because such firms are necessary to ensure creation of domestic jobs
a. True
b. False
Indicate whether the statement is true or false
False
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Using 143 observations, assume that you had estimated a simple regression function and that your estimate for the slope was 0.04, with a standard error of 0.01
You want to test whether or not the estimate is statistically significant. Which of the following possible decisions is the only correct one: A) you decide that the coefficient is small and hence most likely is zero in the population B) the slope is statistically significant since it is four standard errors away from zero C) the response of Y given a change in X must be economically important since it is statistically significant D) since the slope is very small, so must be the regression R2.
A computer you are considering for your business would add $4,000 per year to your profit. It would cost $400 a year to buy a complete maintenance contract so that you would never have repair and upkeep expense. The obsolescence depreciation is 25% a year. The going market interest rate is 5%. Assume all costs and revenue occur at the end of the year. If the machine cost $12,000 to purchase, should you buy it?
What will be an ideal response?
Suppose money supply (M) = $3,960 billion, price level (P) = 1.1, and real GDP (Y) = $7,200 billion. Calculate the value of velocity using the equation of exchange.
A) 1.6 B) 1.8 C) 2.0 D) 2.2
Starting from long-run equilibrium, the long-run impact of an increase in autonomous investment, compared to the original equilibrium, is:
A. higher inflation and the same output. B. lower inflation and lower output. C. higher inflation and higher output. D. lower inflation and the same output.