One of the administrative bodies responsible for initiating actions on behalf of the U.S. government against individuals or companies violating antitrust laws is the
A. Interstate Commerce Commission.
B. Federal Utility Commission.
C. Antitrust Division of the Justice Department.
D. Federal Reserve Bank.
Answer: C
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If insurance companies knew how risk-averse their customers were:
A. adverse selection would not occur. B. diversification would not occur. C. policies would be perfectly diversified, resulting in lower premiums for everyone. D. risk pooling would not occur.
According to the income approach, the largest component of national income in 2003 was
a. government purchases b. proprietor's income c. net interest d. personal consumption expenditures e. compensation of employees
If incomes were equally distributed in the United States, each fifth of the population would receive ____ percent of the income.
A. 5 B. 10 C. 15 D. 20
F statistic can be used to test nonnested models.
Answer the following statement true (T) or false (F)