The original Dow Jones Industrial Average (DJIA) contained ____________ stocks, while the DJIA now consists of ____________ stocks
A) 10; 500
B) 11; 30
C) 15; 50
D) 20; 60
B
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Possible solutions to omitted variable bias, when the omitted variable is not observed, include the following with the exception of
A) panel data estimation. B) nonlinear least squares estimation. C) use of instrumental variables regressions. D) use of randomized controlled experiments.
Which of the following types of workers has decreased as a percentage of the U.S. labor force in recent decades?
a. skilled workers. b. unskilled workers. c. semiskilled workers. d. clerical workers.
When the price elasticity of demand for a good is 1.5, this means that a 1 percent change in price creates a ______ in quantity demanded
a. 0.1 percent increase b. 1.5 percent decrease c. 1.5 percent increase d. 15 percent increase e. 15 percent decrease
Due to their belief in interest rate flexibility, the classical economists argued that saving is matched by an equal amount of investment
Indicate whether the statement is true or false