People who drive fuel-efficient vehicles tend to recycle more often than people who drive gas guzzlers. This is an example of
A. correlation.
B. difference-in-differences.
C. causation.
D. statistical significance.
Answer: A
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What is the real interest rate if the nominal interest rate is 7 percent and the expected inflation rate is 7 percent?
The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. Which of the following CORRECTLY illustrates the principle of diminishing marginal utility? The fact that
A) the sixth magazine has less marginal utility than the sixth CD. B) Jane's marginal utility per dollar from the second magazine is the same as her marginal utility per dollar from the third CD. C) the marginal utility per dollar from the sixth magazine is less than the total utility from six magazines. D) the marginal utility of the third CD is less than the marginal utility of second CD.
Economists refer to the "typical" rate of unemployment as the natural rate of unemployment
a. True b. False Indicate whether the statement is true or false
Which is an illustration of a macroeconomic question?
a. Should the minimum wage be increased for low-income workers? b. What is the least costly way to produce automobiles and trucks in the United States? c. Are increasing wage demands by workers contributing to price inflation? d. Will the introduction of a new computer chip change the demand for computers?