Gross national product (GNP) of the United States is the market value of all final goods and services
A) produced within the United States.
B) consumed within the United States.
C) produced by citizens of the United States anywhere in the world.
D) consumed by citizens of the United States anywhere in the world.
Answer: C
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The following estimation methods should not be used to test for randomization when Xi, is binary:
A) linear probability model (OLS) with homoskedasticity-only standard errors. B) probit. C) logit. D) linear probability model (OLS) with heteroskedasticity-robust standard errors.
Bank regulators are concerned about the safety of depositors because
a. bank failures were common throughout most of U.S. history and have even occurred in recent decades. b. in the absence of federal insurance, depositors would lose their money if a bank failed. c. nervous depositors may rush to withdraw their accounts and produce a "run" that could threaten even a sound bank. d. All of the above are correct.
Which of the following companies was part of the original Dow Jones Industrial Average?
A) Chicago Gas Company B) National Lead Company C) General Motors Corp. D) AT&T Inc. E) a and b
Some argue that the best response to monopolies is no response at all, because:
A. the creation of regulation may be too difficult. B. no one can ever decide which monopolies to regulate. C. left unchecked, all monopolies eventually shut down. D. they are too powerful to be dealt with effectively.