One of the most important thing we might do to lower our trade deficit is
A. raise the excise tax on gasoline.
B. lower the personal income tax.
C. prevent the Japanese from building automobile factories in the United States.
D. tax our exports.
A. raise the excise tax on gasoline.
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To measure the fit of the probit model, you should:
A) use the regression R2. B) plot the predicted values and see how closely they match the actuals. C) use the log of the likelihood function and compare it to the value of the likelihood function. D) use the fraction correctly predicted or the pseudo R2.
In the prisoner's dilemma game:
A. a cooperative strategy can lead to a more beneficial outcome for both players. B. a noncooperative strategy will lead to a positive-positive outcome. C. a stable outcome is impossible. D. neither player has a dominant strategy.
The most preferred solution for reducing cyclical unemployment is to: a. minimize recessions
b. provide unemployment benefits. c. provide food stamps. d. implement zoning laws.
If the Fed wants to decrease the money supply, it can:
A. Increase the money multiplier. B. Decrease the discount rate. C. Sell government bonds. D. Decrease the minimum reserve ratio.