Discretionary funds are typically used by the Executive Branch and Congress for activist fiscal policies.
Answer the following statement true (T) or false (F)
True
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The wage rate. is the price of a unit of labor. What happens to the supply of labor if the wage rate increases?
A. It increases. B. It decreases. C. It does not change. D. Uncertain-economic theory has no answer to this question.
Omitted variables
A) can cause hypothesis tests to be unreliable. B) require multiple regression analyses to find. C) are usually those with t-statistics less than the critical value. D) are usually outside the confidence interval.
If the price is $60 per unit, what is the break even amount of units for technology B?
a. 50 b. 60 c. 70 d. None-They would have to shut down
An economic theory claims that a rise in gasoline prices will cause gasoline purchases to fall, Ceteris paribus. The phrase "Ceteris paribus" means that:
a. other relevant factors like consumer incomes must be held constant. b. the gasoline prices must first be adjusted for inflation. c. the theory is widely accepted but cannot be accurately tested. d. consumers' need for gasoline remains the same regardless of the price.