It is not optimal to have equal incomes.
Answer the following statement true (T) or false (F)
True
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An estimate is
A) efficient if it has the smallest variance possible. B) a nonrandom number. C) unbiased if its expected value equals the population value. D) another word for estimator.
Which of the following is a problem with using real GDP as a measure of economic well-being? a. It does not account for inflation
b. It does not account for production within the household. c. It does not account for production by foreign firms producing inside the U.S. d. all of the above
An economy's PPC illustrates the extent to which the economy consumes what it produces
a. True b. False Indicate whether the statement is true or false
A government's policy to lower the exchange rate is called ____________
a. an import control b. sinking a floating exchange rate c. appreciating the currency d. floating the exchange rate e. devaluation