When collecting data to conduct research, if the sample used is not random, ________ occurs.
A. regression discontinuity
B. selection bias
C. survivor bias
D. difference-in-differences
Answer: B
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C = a + bY is a form of the consumption function where a is
a. the consumption function, b is the marginal propensity to consume, and Y is national income b. the marginal propensity to consume, b is the consumption function, and Y is national income c. the marginal propensity to consume, b is autonomous consumption spending, and Y is national income d. autonomous consumption spending, b is the marginal propensity to consume, and Y is national income e. autonomous consumption spending, b is the consumption function, and Y is consumption spending
If a country begins to import more of a commodity, one can normally expect the price of the commodity to
A. remain unchanged in that nation. B. rise and then fall below where it was originally. C. rise in that nation. D. drop in that nation.
In monopolistic competition, firms compete on product quality, price and marketing
Indicate whether the statement is true or false
How does price serve as a rationing mechanism in a market economy? Explain.
What will be an ideal response?