Variables X and Z in the table below are:
A. Positively related
B. Negatively related
C. Independent
D. Nonlinearly related
Answer: C
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Which of the following statements is false?
A. The Wilshire 5000 is a stock index that consists of the stocks of about 6,500 firms. B. Instead of buying a mutual fund that consists of various stocks picked by a fund manager you can buy a mutual fund that consists of the stocks that make up a particular stock index. C. The term Sypders stands for "Standard & Poors Direct Receipts." D. When an investor buys Spyders they are said to "buy the market."
A lower level of income causes the demand for money to ________ and the interest rate to ________, everything else held constant
A) decrease; decrease B) decrease; increase C) increase; decrease D) increase; increase
The learning curve is graphically represented as a plot of:
A) labor per unit on the horizontal axis and total cost on the vertical axis. B) labor per unit on the horizontal axis and total number of units produced on the vertical axis. C) total cost on the vertical axis and total number of units produced on the horizontal axis. D) labor per unit on the vertical axis and cumulative number of units produced on the horizontal axis.
When a negative externality is present in a market, when a tax is imposed, it is:
A. inefficient, because the net benefit of buying another unit is zero for all market participants. B. efficient, because the government mandates the efficient quantity without regard for net benefits. C. inefficient, because the government mandates the efficient quantity without regard for net benefits. D. efficient, because the net benefit of buying another unit is zero for all market participants.