_____ is an example of human specificity which raises the risks associated with opportunism
a. Car insurance purchased by an individual for his/her favorite car.
b. Investment of an employer in company-specific skills.
c. Purchasing immovable machines for a particular facility.
d. Investment in research and development
B
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Which of the following is a time deposit with a fixed maturity date offered by banks and other financial institutions?
A) savings deposit B) money market deposit account C) time deposit D) small-denomination certificate of deposit
Which of the following is the formula for velocity?
a. Velocity = nominal GDP/real GDP b. Velocity = real GDP/M c. Velocity = (P × Y)/(M × V) d. Velocity = nominal GDP/M
In the following regression equation, y is a binary variable:
y = 
0+1x1+…kxk+ u
In this case, the estimated slope coefficient,
measures _____.
A. the predicted change in the value of y when x1 increases by one unit, everything else remaining constant
B. the predicted change in the value of y when x1 decreases by one unit, everything else remaining constant
C. the predicted change in the probability of success when x1 decreases by one unit, everything else remaining constant
D. the predicted change in the probability of success when x1 increases by one unit, everything else remaining constant
The formula for AVC is
A. ?TVC/?q. B. q/TVC. C. TVC/q. D. ?q/?TVC.