When government owns a natural monopoly, it can:
A. at a loss.
B. make business decisions based on political pressures.
C. lose the incentive to be efficient.
D. All of these statements are true.
Answer: D
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A change in the quantity demanded of a good is:
A) the outcome of a change in income. B) represented by a shift to a new demand curve. C) the outcome of a change in tastes and preferences. D) represented by a movement along the demand curve.
If the elasticity measure equals 1.0, then the demand is
A) elastic. B) unit elastic. C) inelastic. D) infinitely elastic.
Which of the following events would most likely cause the nominal interest rate to fall?
a. A decrease in the supply of loanable funds b. An increase in the demand for loanable funds c. An increase in the supply of loanable funds and an increase in the demand for loanable funds d. An increase in the supply of loanable funds and a decrease in the demand for loanable funds e. A decrease in the supply of loanable funds and an increase in the demand for loanable funds
A measurement error occurs in a regression model when _____.
A. the observed value of a variable used in the model differs from its actual value B. the dependent variable is binary C. the partial effect of an independent variable depends on unobserved factors D. the model includes more than two independent variables