Besides the gross domestic product, another measure of how well an economy is doing is
A. government tax rates.
B. citations in economic journals.
C. popularity polls.
D. annual household income.
Answer: D
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The marginal propensity to consume is
a) consumption divided by disposable income b) national income divided by consumption c) the change in national income caused by a $1 change in consumption d) the change in consumption caused by a $1 change in disposable income e) the percentage increase in consumption caused by a 1% decrease in savings
A firm is experiencing theft problems at its warehouse. A consultant to the firm believes that the dollar loss from theft each week (T) depends on the number of security guards (G) and on the unemployment rate in the county where the warehouse is located (U measured as a percent). In order to test this hypothesis, the consultant estimated the regression equation T = a + bG + cU and obtained the following results: 
Based on the above information, hiring one more guard per week will decrease the losses due to theft at the warehouse by ________ per week.
A. $130 B. $480.92 C. $211 D. $5,150
Pareto optimal policies will improve life for:
A. some people while hurting others. B. at least half the population. C. some people while hurting no one. D. at least 75 percent of the population.
Which of the following economic conditions cause export growth to be a basis for faster overall economic growth?
A) Diseconomies of scale in production for the domestic market B) A larger-than- average service sector C) A larger-than-average manufacturing sector D) Economies of scale in production for the world market