The critical value of a two-sided t-test computed from a large sample
A) is 1.64 if the significance level of the test is 5%.
B) cannot be calculated unless you know the degrees of freedom.
C) is 1.96 if the significance level of the test is 5%.
D) is the same as the p-value.
Answer: C) is 1.96 if the significance level of the test is 5%.
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Marginal returns start to decrease when more and more workers _______
A. have to share the same equipment and workspace B. produce less and less output C. require jobs to be too specialized D. produce less and less average product
Suppose you study abroad in England. When you purchase books and food, these transactions should really be recorded as
A) credits to the capital account and debits to the current account. B) debits to the capital account and credits to the current account. C) debits to the capital account and debits to the current account. D) credits to the capital account and credits to the current account.
If potatoes are inferior goods, which of the following will increase the demand for these goods?
a. Increase in the price of a complement b. Decrease in income c. Decrease in the price of a substitute d. Increase in income
Assuming supply is held constant, an increase in demand for a product will cause an increase in the equilibrium price and the amount bought and sold
a. True b. False Indicate whether the statement is true or false