When a variable is top coded, its value is known only up to a certain threshold.
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: When a variable is top coded, its value is known only up to a certain threshold. For responses greater than the threshold, it is only known that the variable is at least as large as the threshold.
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Which of the following is NOT a characteristic of populist regimes?
A) Nationalistic ideologies B) Focus on economic growth C) Focus on income redistribution D) Using economic tools to reach specific goals regarding labor, the orientation of business or the role of foreigners E) Focus on controlling inflation
American economic history actually is a study of
(a) stable population growth. (b) how colonial Americans worked side-by-side with the natives to produce stable economic growth and wealth for all individuals. (c) how a small, inconsequential economy grew into a giant economy through a series of successes and failures. (d) how people in other countries created problems for colonial Americans of the past as well as U.S. citizens of today.
You are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given output. If w = $40, r = $100, MPL = 20, and MPK = 40 the firm:
A. is profit maximizing but not cost minimizing. B. is cost minimizing. C. should use less L and more K to cost minimize. D. should use more L and less K to cost minimize.
Which of the following is generally not an effective strategy to promote DVC growth?
A. Microlending. B. Human capital development. C. Fighting wars against neighbors to obtain resources and stimulate aggregate demand through arms spending. D. Controlling inflation.