Given the currencies below, which was not replaced by the Euro?
A) German mark
B) Irish pound
C) British pound
D) French franc
C
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Weighted least squares estimation is used only when _____.
A. the dependent variable in a regression model is binary B. the independent variables in a regression model are correlated C. the error term in a regression model has a constant variance D. the functional form of the error variances is known
If a firm is able to lower total costs by specializing in marketing and distribution while outsourcing production, it is taking advantage of:
A. economies of scope. B. less developed nations. C. technical efficiency. D. economies of scale.
Negative net exports means:
A. exports exceed imports. B. depreciation exceed investment. C. GDP is lower than it would have been if net exports had equaled zero. D. GDP is higher than it would have been if net exports had equaled zero.
The group of three economists appointed by the president to provide fiscal policy recommendations is the:
A. Council of Economic Advisers. B. Joint Economic Committee. C. Bureau of Economic Analysis. D. Federal Reserve Board of Governors.