An economic service need not be
a. useful.
b. scarce.
c. transferable.
d. tangible.
d. tangible.
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An increase in government spending causes the equilibrium level of aggregate output to ________ at any given interest rate and shifts the ________ curve to the ________, everything else held constant
A) rise; LM; right B) rise; IS; right C) fall; IS; left D) fall; LM; left
Possible solutions to omitted variable bias, when the omitted variable is not observed, include the following with the exception of
A) panel data estimation. B) nonlinear least squares estimation. C) use of instrumental variables regressions. D) use of randomized controlled experiments.
The difference between the acquisition price of a company and the fair value of the acquired assets of the business is referred to as
a. float b. goodwill c. depreciation d. amortization e. inventory
A forecaster used the regression equationQt = a + bt + c1D1 + c2D2 + c3D3and quarterly sales data for 1996 I - 2013 IV (t = 1, ..., 64) for an appliance manufacturer to obtain the results shown below. Q is quarterly sales, and D1, D2 and D3 are dummy variables for quarters I, II, and III. 
Using a 5 percent significance level, these estimation results indicate that sales in
A. the first quarter are greater than sales in any other quarter. B. the second quarter are greater than sales in any other quarter. C. the third quarter are greater than sales in any other quarter. D. the fourth quarter are greater than sales in any other quarter.