All government payments to individuals are called transfer payments.
Answer the following statement true (T) or false (F)
False
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The ratio of the regression coefficient to its standard error is called:
A) t-statistic. B) F-statistic. C) partial F-statistic. D) coefficient of determination.
An increase in the riskiness of corporate bonds will ________ the yield on corporate bonds and ________ the yield on Treasury securities, everything else held constant
A) increase; increase B) reduce; reduce C) increase; reduce D) reduce; increase
Getaway Spas wants to prevent Relax with Us from entering the luxury spa market. If Getaway Spas advertises that it will always undercut any competitor's price, the effect of advertising ________ Getaway Spas' profits due to its cost and ________ Getaway Spas' profits due to a(n) ________ in its demand.
A) decreases; decreases; increase B) decreases; increases; increase C) increases; increases; increase D) decreases; decreases; decrease
The concept of opportunity cost:
A. is irrelevant in socialistic economies because of central planning. B. suggests that the use of resources in any particular line of production means that alternative outputs must be forgone. C. is irrelevant if the production possibilities curve is shifting to the right. D. suggests that insatiable wants can be fulfilled.