The goal of the business firm is maximization of ____, and the goal of the consumer is maximization of ____.
A. total sales; income
B. total profit; utility
C. total output; utility
D. total sales; utility
Answer: B
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Refer to the table above. Which is the optimum location for the firm to set up its factory?
A) Far B) Close C) Very Far D) Very Close
If the economy is in an inflationary period, what type of Fiscal Policy action should be undertaken?
(a) Decrease taxes. (b) Decrease the discount rate. (c) Increase taxes. (d) Increase government spending.
Early in President Obama’s term, the government began ______.
a. relying completely on automatic stabilizers for fiscal policy b. a fiscal policy to slow the rapidly growing economy c. a fiscal policy designed to maintain the status quo d. the largest fiscal stimulus policy in U.S. history
Multiperiod forecasting with multiple predictors
A) is the same as the iterated AR forecast method. B) can use the iterated VAR forecast method. C) will yield superior results when using the multiperiod regression forecast h periods into the future based on p lags of each Yt , rather than the iterated VAR forecast method. D) will always yield superior results using the iterated VAR since it takes all equations into account.