One way of improving the federal government budget process is to:
a. switch to a two-year or biennial budget
b. remove the Council of Economic Advisers from the process.
c. detail budgeting by focusing on all groupings and line items.
d. provide for automatic annual increases in all budget categories.
e. eliminate the role of Congressional committees in the process.
a
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According to the shortsightedness effect, politicians tend to favor projects with:
A. short-run benefits and short-run costs. B. short-run benefits and long-run costs. C. long-run benefits and short-run costs. D. long-run benefits and long-run costs.
An elasticity of supply of 2.7 means that:
A. quantity supplied changes 2.7 units for each 1 percent change in price. B. supply is inelastic. C. quantity supplied changes 2.7 percent for each 1 percent change in price. D. price changes by 2.7 percent for each 1 percent change in quantity supplied.
Anita is the retired president of Claddagh College and currently serves on the board of directors of the Patrician Pharmaceutical Company. Anita is considered ________ of the company
A) a managing director B) an inside director C) a silent partner D) an outside director
When testing the null hypothesis that two regression slopes are zero simultaneously, then you cannot reject the null hypothesis at the 5% level, if the ellipse contains the point
A) (-1.96, 1.96). B) . C) (0,0). D) (1.962, 1.962).