Research in history and economic history shows that before 1880, significant federal participation in the markets of the American economy occurred
Indicate whether the statement is true or false
False
You might also like to view...
Good A and good B are substitutes in production. The demand for good A decreases, which lowers the price of good A. The decrease in the price of good A
A) decreases the supply of good B. B) increases the supply of good B. C) decreases the demand for good B. D) increases the demand for good B.
Suppose Kate's Great Crete (KGC) has annual variable costs of VC = 30Q + 0.0025Q2 and marginal costs of MC = 30 + 0.005Q, where Q is the number of cubic yards of concrete it produces per year. In addition, it has an avoidable fixed cost of $50,000 per year. KGC's demand function is Qd = 20,000 - 400P. What is KGC's average cost function?
A. AC = (50,000/Q) + 50 + 0.005Q B. AC = (20,000/Q) + 30 + 0.005Q C. AC = (50,000/Q) + 30 + 0.0025Q D. AC = 50,000 + 30Q + 0.0025Q2
Consider the following simple regression model y = 
0 + 1x1 + u. The variable z is a poor instrument for x if _____.
A. there is a high correlation between z and x B. there is a low correlation between z and x C. there is a high correlation between z and u D. there is a low correlation between z and u
Suppose the domestic supply (QS) and demand (QD) for skateboards in the United States are given by the following set of equations:
QS = -60 + 3P QD = 390 - 2P In the absence of international trade in skateboards, what will be the equilibrium price of skateboards in the United States? A. $66 B. $90 C. $45 D. $150