Sequential exogeneity is implied by dynamic completeness.
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: Sequential exogeneity is implied by dynamic completeness.
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The duration of the "short-run"
A) is one year. B) is the same for all goods. C) depends on the relative short-run elasticity of demand and supply for the good. D) depends on how long it takes consumers or firms to adjust for a particular good.
A price floor set below the equilibrium price will cause which of the following?
A) an increase in demand B) a shortage C) a surplus D) none of the above
Paul Samuelson, a famous economist, said that
a. "the bond market has predicted zero out of the past nine recessions.". b. "the stock market has predicted zero out of the past nine recessions.". c. "the bond market has predicted nine out of the past five recessions.". d. "the stock market has predicted nine out of the past five recessions.".
In order to minimize the NET costs associated with crime,
A. no crime should be eliminated. B. steps must be taken to eliminate all crime. C. crime should be reduced to the level at which the marginal cost from crime equals the marginal cost of crime prevention. D. crime should be reduced to the level at which the total benefit from crime equals the total cost of crime prevention.