A scatter diagram will be most useful
A) in discerning a possible relationship between height and weight for individuals.
B) in resolving a dispute over two normative assertions.
C) in predicting next year's rate of unemployment.
D) All of the above are correct.
A
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Which of the following ideas are included in classical growth theory?
I. Subsistence real GDP per person II. Growth in real GDP per person is temporary. III. Technological change induces investment. A) I only B) I and II C) II and III D) I, II and III
What is the largest problem associated with using a tax to correct for an externality? Explain
What will be an ideal response?
What is the present value of $750 received three 3 years from now if the current rate of interest is 7%?
A) $612.22 B) $700.93 C) $918.78 D) $2,407.50
The existence of economic fluctuations makes it clear that
a. we should stimulate the economy with tax cuts b. recessions are caused by shifts in labor supply c. we should pass a balanced budget amendment to the U.S. Constitution d. we need active monetary regulation e. the classical model has a flaw