Compared to the distribution of money income, the distribution of wealth is
A) about the same.
B) much more equal.
C) much less equal.
D) a little more equal.
Answer: C
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A manufacturer of a sugar substitute has launched a campaign against the consumption of sugar. This is an example of ________
A) indoctrination B) backward induction C) anchoring D) sniping
Katrina pays $40 for a meal at a fancy restaurant. The ingredients used cost $10 . The value added by the restaurant is _____
a. $30 b. $40 c. $70 d. $40 plus the wages paid to the chef and waiters e. $40 plus the profit earned by the restaurant owner
Figure 2-3
shows the production possibilities frontier for a music processing plant that can produce both compact disks and cassettes. At which point would the plant be under-utilizing its resources?
a.
A
b.
B
c.
C
d.
D
e.
E
The manufacturer of Beanie Baby dolls used quarterly price data for 2005 I - 2013 IV (t = 1, ..., 36) and the regression equationPt = a + bt + c1D1t + c2D2t + c3D3tto forecast doll prices in the year 2014. Pt is the quarterly price of dolls, and D1t, D2t, and D3t are dummy variables for quarters I, II, and III, respectively. 
Using the estimated time-series regression, predicted price in the 2nd quarter of 2014 is
A. $40.40 B. $51.40 C. $54.40 D. $48.40 E. none of the above