The market for airplane service on a particular route is a commonly cited example of
a. resale price maintenance.
b. monopolistic competition.
c. the benefits of vertical integration.
d. a contestable market.
d. a contestable market.
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Property rights connect effort with reward
Indicate whether the statement is true or false
An R2 close to 1
A) does not happen with real data. B) indicates that almost all of the variation in the dependent variable is explained by the regression. C) does not explain variation as well as an R2 that is above 2. D) means that the regression line does not fit the data very well.
The vertical intercept of the consumption function that represents the portion of consumption expenditure not associated with a level of disposable income is known as:
A. zero income intercept. B. disposable income intercept. C. autonomous consumption. D. automatic consumption line.
Cost-of-living adjustments
A. Maintain constant real interest rates. B. Cause individuals to shorten their time horizons. C. Reduce the price effect of inflation. D. Allow individuals to maintain their purchasing power during inflation.