State governments' main source of revenue is
a. property taxes.
b. income taxes.
c. excise taxes.
d. sales taxes.
d
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Refer to Figure 14.2. Other things equal, an increase in worker productivity would best be represented by a movement from
A) point A to point B. B) point B to point A. C) point C to point A. D) point C to point B.
A consulting firm estimates the following quarterly sales forecasting model:Qt = a + bt +cDThe equation is estimated using quarterly data from 2005 I - 2015 III (t = 1,..., 43). The variable D is a dummy variable for the second quarter where: D = 1 in the second quarter, and 0 otherwise. The results of the estimation are:
Give the above, at the 1 percent level of significance, is there a statistically significant trend in sales?
A. No, since 1.02 < 2.704 B. Yes, since 1.86 > 0.55 C. Yes, since 3.38 > 2.704 D. No, since 1.86 < 2.704 E. No, since 0.55 < 1.86
If the CPI is now 325, by what percent did the price level rise since the base year?
Fill in the blank(s) with the appropriate word(s).
A Big Mac costs $3 in the United States and 50 pesos in Mexico. The purchasing power parity theory would predict that the exchange rate in the long run is
A. $1 = 6 pesos. B. 1 peso = $1.50. C. $1 = 16.67 pesos. D. $1 = 0.06 pesos.