A central bank disinflates. Output falls by 3% for one year, 2% the second year, and 1% the third year. If inflation fell by 2 percentage points, what was the sacrifice ratio?
3
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In 2014, net exports in the United States were
A) zero. B) positive. C) negative. D) greater than personal consumption expenditures.
There is an important role for government in a market capitalist economy.
a. true b. false
Suppose that the profit maximizing level of output for the monopolist is 100 units, and ATC = $45.00; MC = $35.00; MR = $35.00; P = $45.00. What is the monopoly's profit?
A) -$1000 B) $4500 C) $0 D) $3500
Refer to the information provided in Scenario 36.3 below to answer the question(s) that follow.SCENARIO 36.3: Consider a local high school that has 300 sophomores considered to be at-risk students. A privately-sponsored after-school sports program has been established to try to help at-risk students succeed in finishing high school. The local government wants to know if this program reduces the students' probability of dropping out of high school before the end of their junior year, and decides to randomly sample 150 of the 300 at-risk sophomores and invite them to attend the after-school program at no cost. 100 students accept the invitation, and by the end of their junior year, the drop-out percentage of the 100 students who attended the program was lower than the drop-out percentage of
the 200 students who did not attend the program. Refer to Scenario 36.3. Based on the information in the scenario, the 100 students who accepted the offer to attend the after-school program is an example of A. positive correlation. B. survivor bias. C. a random sample. D. selection bias.