Entrepreneurs play a key role in which type of economy?
A) command economy B) centrally planned economy
C) market economy D) all of the above
C
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Two stage least squares estimation cannot be applied to a panel data set.?
Answer the following statement true (T) or false (F)
(1)(2)(3)(4)(5)QdQdPriceQsQs5040$1070806050960708060850609070740501008063040Refer to the above table. If demand is represented by columns (3) and (1) and supply is represented by columns (3) and (4), equilibrium price and quantity will be:
A. $7 and 30 units. B. $9 and 60 units. C. $10 and 60 units. D. $8 and 80 units.
The above figures show the market for oranges. Which figure(s) shows the effect of a nation-wide consumer boycott of eating oranges?
A) Figure B B) Figure C C) Figures B and C D) Figures A and D
If oranges sell for $100 per crate in the United States and 4000 pesos per crate in Mexico, the law of one price indicates that you should be able to exchange $1 for
A) 0.025 peso. B) 4 pesos. C) 40 pesos. D) 400 pesos.