The main source of diseconomies of scale is
A) dimensional factors associated with many physical relationships.
B) specialization of labor.
C) limits to the efficient functioning of management.
D) improvements in production technology.
Answer: C
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The labor force consists of
A) the number of people who unemployed and who are actively seeking work. B) the number of people who are employed. C) the number of people who are employed minus the number of the people who are unemployed. D) all people in the population aged 16 and over who are not in jail, a hospital, or an institution or in the U.S. Armed Forces. E) the number of people in the working-age population who are employed or unemployed.
Many basketball players and fans believe in the "hot hand." That is, they believe that a player is more likely to make a shot if that player has made several shots in a row
What does the hot hand hypothesis have to do with the idea of independent events? How might you test the hot hand hypothesis?
All of the following are examples of joint hypotheses on multiple regression coefficients, with the exception of
A) H0 : ?1 + ?2 = 1 B) H0 : = ?1 and ?4 = 0 C) H0 : ?2 = 0 and ?3 = 0 D) H0 : ?1 = -?2 and ?1 + ?2 = 1
To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.