Net exports are total imports minus total exports
Indicate whether the statement is true or false
FALSE
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When a regression coefficient is significant at the .05 level, it means that
A) there is only a five percent chance that there will be an error in a forecast. B) there is 95 percent chance that the regression coefficient is the true population coefficient. C) there is a five percent chance or less that the estimated coefficient is zero. D) there is a five percent chance or less that the regression coefficient is not the true population coefficient.
A decrease in quantity demanded of a good is caused by
A) a decrease in income. B) a decrease in the price of a substitute. C) an increase in the price of the good. D) a change of tastes.
Which of the following is not a necessary condition for the Coase theorem?
a. Property rights are clearly defined. b. The costs of bargaining are sufficiently low. c. The government intervenes to internalize the externality. d. There are only a few parties involved.
The expected inflation rate is the inflation rate that people forecast and use to set the? _____ and? _____.
Fill in the blank(s) with the appropriate word(s).