One economic truism is that any nation's restriction of imports will ultimately lead to
A. an increase in exports.
B. an economic upswing.
C. a reduction in exports.
D. an increase in GDP.
Answer: C
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A multinational organization that aims to promote world economic growth through more financial stability is the
A) World Bank. B) International Monetary Fund. C) Federal Reserve System. D) International World Fund.
___ resources are those for which the quantity desired exceeds the quantity available
a. Tangible b. Scarce c. Physical d. Insatiable
Consider a model with one endogenous regressor and two instruments. Then the J-statistic will be large
A) if the number of observations are very large. B) if the coefficients are very different when estimating the coefficients using one instrument at a time. C) if the TSLS estimates are very different from the OLS estimates. D) when you use homoskedasticity-only standard errors.
For all but the highest quintile, the share of market income going to each quintile is
A. higher for after-tax income than for before-tax income. B. equal for after-tax income but unequal for before-tax income. C. lower for after-tax income than for before-tax income. D. unequal for after-tax income but equal for before-tax income.