Econometrics is the use of statistics to _____ economic models
a. quantify and test
b. try to disprove
c. avoid the use of
d. create
e. simulate
A
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According to data on Pennsylvania agriculture in the 18th century, the average size of a farm _________, while the output per farm ______________
a. increased; decreased b. decreased; increased c. decreased; remained fairly stable d. remained fairly stable; increased
If the demand for apples decreases at the same time the supply of apples increases, the price of apples will tend to fall
a. True b. False Indicate whether the statement is true or false
Factors affecting the level of medical care demand include all of the following except:
a. demographic characteristics. b. price of medical care. c. physician factors. d. health status. e. economic standing.
The likelihood of successful collective action:
A. generally does not depend on the size of the group. B. can be lower for small groups. C. can be higher for large groups. D. can be lower for large groups.