A VAR with five variables, 4 lags and constant terms for each equation will have a total of
A) 21 coefficients.
B) 100 coefficients.
C) 105 coefficients.
D) 84 coefficients.
Answer: C
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Which of the following is NOT considered a consumption good?
A) Nike swimming trunks B) marriage counseling services C) a UPS truck D) a Subway sandwich E) a U.S. government bond
Refer to Table 9-11. Prior to trade, what was the opportunity cost to produce 1 hat in Belize?
A) 1/2 of a clock B) 2/3 of a clock C) 1.5 clocks D) 2 clocks
Continuing from the question above, an additional 10 people join the group who have expected medical spending of $5,000 per person on average. The new premium will be approximately
a. $1,500 b. $2,200 c. $2,500 d. $4,500
Changes in autonomous consumption will affect the slope of the consumption function
a. True b. False Indicate whether the statement is true or false