Evidence suggests that as the amount of market power possessed by the firms in an industry increases, the amount of X-inefficiency will decrease
Indicate whether the statement is true or false
FALSE
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Suppose a = 50, c = 0.8, and T = 410. How much is saved out of a total income of 1230?
A) 706 B) 606 C) 278 D) 196 E) 114
The lag length in a VAR using the BIC proceeds as follows: Among a set of candidate values of p, the estimated lag length xxxis the value of p
A) For which the BIC exceeds the AIC B) That maximizes BIC(p) C) Cannot be determined here since a VAR is a system of equations, not a single one D) That minimizes BIC(p)
When there is a change in demand,
a. there is a rightward movement along the demand curve b. there is a leftward movement along the demand curve c. there is a shift of the supply curve d. changes in price lead to different changes in quantity demanded e. there is a shift of the demand curve
As short-term interest rates began to rise in 2005, which one of the following mortgage loan categories experienced the largest increase in default and foreclosure rates?
a. fixed rate mortgages to prime borrowers b. fixed rate mortgages to sub-prime borrowers c. adjustable rate mortgages extended to both prime and sub-prime borrowers d. adjustable rate mortgages to sub-prime borrowers only; the default and foreclosure rates of these loans extended to prime borrowers declined