Which of the following does not contribute to an improved standard of living?
a. Increases in the amount and quality of available resources
b. Better technology
c. Higher prices for the necessities of life
d. Improvements in the "rules of the game"
e. Increases in the quality of labor
c
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Generally with bond ratings, the higher the rating, the ________ the interest rate an investor will receive and the ________ the risk that the issuer of the bond will default
A) higher; higher B) lower; lower C) higher; lower D) lower; higher
In the simple circular flow model containing just households and business firms, all income is received by households in exchange for
A) consumer expenditures. B) wages. C) labor services. D) product.
Unemployment in 1939, after a decade of recession and depression, still exceeded 10 percent
Indicate whether the statement is true or false
In panel data, the regression error
A) is likely to be correlated over time within an entity B) should be calculated taking into account heteroskedasticity but not autocorrelation C) only exists for the case of T > 2 D) fits all of the three descriptions above