"Final goods and services" are those that are
A) sold to ultimate or final purchasers.
B) produced outside the United States.
C) double counted in the calculation of GDP.
D) used in the production of other goods and services.
A
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The ease and quickness with which an asset can be exchanged for goods, services, or other assets is its
A) risk. B) time to maturity. C) velocity. D) liquidity.
If the interest rate decreases, there will be
a. a movement leftward from one point on the money demand curve to another point on the same curve b. no change in the quantity of money demanded c. a leftward shift of the entire money demand curve caused by a demand shock d. a rightward shift of the entire money demand curve e. a movement rightward from one point on the money demand curve to another point on the same curve
A tariff is better than a quota because
a. it does not distort trade as much. b. quotas are inflexible. c. tariffs produce tax revenue. d. quotas hurt domestic producers; tariffs hurt foreign producers.
Which of the following tests is used to compare the Ordinary Least Squares (OLS) estimates and the Weighted Least Squares (WLS) estimates?
A. The White test B. The Hausman test C. The Durbin-Watson test D. The Breusch-Godfrey test