Refer to the information provided in Figure 23.1 below to answer the question(s) that follow.
Figure 23.1Refer to Figure 23.1. This household's consumption function is
A. C = 300 + 0.75Y.
B. C = 200 + 0.2Y.
C. C = 1,000 + 0.2Y.
D. C = 500 + 0.5Y.
Answer: D
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The steeply upward sloping yield curve in the figure above indicates that
A) short-term interest rates are expected to rise in the future. B) short-term interest rates are expected to fall moderately in the future. C) short-term interest rates are expected to fall sharply in the future. D) short-term interest rates are expected to remain unchanged in the future.
A market structure with only a few sellers, each offering similar or identical products, is known as
a. oligopoly. b. monopoly. c. monopolistic competition. d. perfect competition.
Which of the following is an example of U.S. foreign direct investment?
a. A Chinese company opens a restaurant in the U.S. b. An Australian bank buys stocks issued by a U.S. corporation. c. A U.S. bank buys bonds issued by an Australian corporation. d. A U.S. company opens an auto parts factory in Canada.
Empirical analysis uses ______ to test a hypothesis.
a. subjectivity b. data c. rationality d. correlation