The Federal Reserve System divides the U.S. into _____ districts
a. 5
b. 21
c. 6
d. 12
e. 17
d
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With Panel Data, regression software typically uses an "entity-demeaned" algorithm because
A) the OLS formula for the slope in the linear regression model contains deviations from means already. B) there are typically too many time periods for the regression package too handle. C) the number of estimates to calculate can become extremely large when there are a large number of entities. D) deviations from means sum up to zero.
Is it possible for the economy to be at full employment and still have some people who are unemployed?
A) No, full employment means that no one is unemployed. B) Yes, since full employment exists if the economy is operating at the natural unemployment rate and there is always some natural unemployment. C) Yes, since full employment exists if the economy is operating at the frictional unemployment rate and there is always some frictional unemployment. D) Yes, since full employment equals the sum of the cyclical unemployment rate and the natural unemployment rate, and there is always some cyclical unemployment. E) none of the above
Which of the following occur in the real world?
A. Both market failures and government failures B. Market failures but not government failures C. Government failures but not market failures D. Neither market failures nor government failures
A university requires that all entering first-year students learn how to use word processing and spreadsheet software. This is an investment in what type of capital?
A. human B. tangible C. financial D. productive