Recall the Application about how having car insurance affects driving behavior to answer the following question(s).Recall the Application. The theory of moral hazard suggests that uninsured drivers drive less carefully than insured drivers.
Answer the following statement true (T) or false (F)
False
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If speculators believe a currency is undervalued, their trades in international exchange markets will
A) increase the surplus of the currency at the existing fixed exchange rate. B) increase the shortage of the currency at the existing fixed exchange rate. C) decrease the shortage of the currency at the existing fixed exchange rate. D) decrease the surplus of the currency at the existing fixed exchange rate.
The value of currently produced final goods and services measured in current year prices is called:
A) real GDP. B) nominal GDP. C) imputed values. D) inflation.
The following are all least squares assumptions with the exception of:
A) The conditional distribution of ui given Xi has a mean of zero. B) The explanatory variable in regression model is normally distributed. C) (Xi, Yi), i = 1,..., n are independently and identically distributed. D) Large outliers are unlikely.
Export promotion has been more successful than import substitution
a. True b. False