One source of inefficiency associated with monopolies stems from their insulation from competition and thus reduced incentive to cut costs and innovate.
Answer the following statement true (T) or false (F)
True
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Refer to the figure below. If the Federal Reserve wants to raise the interest rate to 7%, it must ________ the money supply to ________. 
A. increase; 700 B. increase; 900 C. increase; 300 D. decrease; 300
People who live in apartment buildings across from a football stadium are able to watch football games from the balconies of their apartments instead of paying for tickets to sit inside the stadium. For these free riders, the football games are
A) rival and excludable. B) rival and nonexcludable. C) nonrival and excludable. D) nonrival and nonexcludable.
You are given the following information
Savings S = 150 Investment I = 100 Taxes T = 250 Government Purchases G = 500 Compute the level of private savings, public savings, national savings, and net exports.
Which of the following is an assumption on which time series regression is based?
A. A time series process follows a model that is nonlinear in parameters. B. In a time series process, no independent variable is a perfect linear combination of the others. C. In a time series process, at least one independent variable is a constant. D. For each time period, the expected value of the error ut, given the explanatory variables for all time periods, is positive.