The inflow of foreign investment into the U.S. economy reflects a high level of confidence in the United States.
Answer the following statement true (T) or false (F)
True
When foreigners wish to invest in the United States it is a vote of confidence by the market; this will also tend to increase the demand for the dollar and cause it to appreciate.
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A demand curve with an elasticity of 1.0 is a unit-elastic demand curve.
Answer the following statement true (T) or false (F)
If the market for a product is narrowly defined, then there are likely to be many substitutes for the product and the demand for the product is relatively elastic
Indicate whether the statement is true or false
Stationarity means that the
A) error terms are not correlated. B) probability distribution of the time series variable does not change over time. C) time series has a unit root. D) forecasts remain within 1.96 standard deviation outside the sample period.
In general, monopolies decrease economic efficiency. But in the presence of detrimental externalities, is it possible for a monopoly to be more efficient than a competitive market? Why, or why not?
What will be an ideal response?