The ability of an economy to produce greater levels of output is called:
a. negative economics.
b. economic growth.
c. positive economics.
d. the law of specialization.
b
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Explain why greater equality is inevitably gained at the expense of efficiency.
What will be an ideal response?
Suppose the variable 
has been omitted from the following regression equation, 
is the estimator obtained when
src="@@PLUGINFILE@@/ppg__cognero__Ch_03_Multiple_Regression_Analysis_Estimation__media__70014c5f-f839-4657-b538-a779591b542f.PNG" style="vertical-align:-9px;" height="25px" width="17px" /> is omitted from the equation. If 
is said to _____.
A. have an upward bias
B. have a downward bias
C. be unbiased
D. be biased toward zero
Financial instruments and money share which of the following characteristics?
A. Both can function by acting as a means of payment and allow for trading of risk. B. Both can function as a means of payment and a store of value. C. Both can function as a store of value even though they do not allow for trading of risk. D. Both can function as a store of value and allow for trading of risk.
A firm should hire workers up to the point where
A) MP = P. B) MFC = P. C) MFC = MRP. D) MP = MRP.