Consider the statement, "The number of beers consumed the night before a test affects the grade." In this statement
A) beer is the dependent variable and test grade is the independent variable.
B) beer is the independent variable and test grade is the dependent variable.
C) both beer and grade are dependent variables.
D) both beer and grade are independent variables.
Answer: B
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For social surplus to be maximized, the ________ buyers are actually making a purchase and the ________ sellers are selling the products
A) lowest-value; highest-cost B) highest-value; lowest-cost C) highest-value; highest-cost D) lowest-value; lowest-value
When the world price of the traded good is lower than the domestic no-trade equilibrium price, free trade causes domestic production to fall and domestic consumption to rise
a. True b. False Indicate whether the statement is true or false
Which of the following about Social Security is true?
a. All of the current revenues flowing into the Social Security system are needed for benefit payments to current retirees. b. If the Social Security surplus was used to pay down the privately held federal debt, this would reduce future taxes and, thereby, make it easier to deal with the retirement of the baby boomers. c. During the 1980s and 1990s, most of the social security surplus was used to reduce the national debt. d. When the Social Security surplus is used to cover the current operating expenses of the federal government, it will make it easier for future taxpayers to provide promised Social Security benefits to baby boomers.
A $1,000 face value bond, with an annual coupon of $40, one year to maturity and a purchase price of $980 has a:
A. A current yield that equals 4.08% and a yield to maturity that equals 4.0%. B. current yield that equals 4.00%. C. current yield that equals 4.08% and a yield to maturity that equals 6.12%. D. coupon rate that equals 4.08%.