Instruments which provide payments to holders of bonds in the event of default are known as ________
A) collateralized bond obligations
B) tertiary payment devices
C) credit default swaps
D) mortgage-backed securities
C
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In the table above, what is the level of unemployment (in millions of workers) if the minimum wage is set at $8 per hour?
A) 0 B) 1 C) 3 D) 4
When a firm is regulated so that its price enables it to earn a specified target percent return on its capital, the regulation is called
A) rate of return regulation. B) price cap regulation. C) earnings limited regulation. D) target pricing regulation.
When a market clearing price is determined
A) the exchange between buyers and sellers is voluntary. B) the exchange between buyers and sellers is directed by outside factors such as the government. C) the exchange between buyers and sellers benefits only the buyers. D) the exchange between buyers and sellers benefits only the sellers.
If 
j is an OLS estimator of a regression coefficient associated with one of the explanatory variables, such that j = 1, 2, …., n, asymptotic standard error of 
j will refer to the:
A. estimated variance of 
j when the error term is normally distributed.
B. estimated variance of a given coefficient when the error term is not normally distributed.
C. square root of the estimated variance of 
j when the error term is normally distributed.
D. square root of the estimated variance of 
j when the error term is not normally distributed.