For a lender in a (c,c') graph, the optimal consumption bundle is
A) to the left of the endowment point.
B) to the right of the endowment point.
C) on the endowment point.
D) dependent on other factors.
A
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The coefficient of determination is defined as the:
A) ratio of the total sum of squared errors to the sum of squared errors. B) ratio of the regression sum of squares to the sum of the squared errors. C) ratio of the sum of squared errors to the total sum of squared errors. D) none of the above.
Incrementalism may be an efficient way to craft a budget because _____
a. it minimizes government size b. it is difficult to measure the benefits of many government programs c. it removes special interest influence from the budget process d. it requires that programs be cost-effective to continue
The bowed shape of the traditional production possibilities curve reflects the
A) negative side effects of economic growth. B) fact that not all resources are equally well-suited to producing all goods. C) costs of unemployment. D) problems of inequality.
The minimum wage laws seek to
A) penalize employers that are not complying with labor laws. B) assure a minimum standard of payment for work. C) assure that all workers are paid the same wage rate. D) help teenagers find work.