The most important statistical tool in empirical economics is standard deviation.
Answer the following statement true (T) or false (F)
False
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If a business firm operates indefinitely without covering any of its sunk costs, what happens to the firm's sunk costs?
A) Nothing happens to them; they have ceased to exist. B) They are distributed across the whole economy. C) They continue unpaid for as long as the firm fails to make a profit large enough to cover them. D) They reduce the wealth of the investors who risked their wealth to make mistaken decisions possible.
Assume no price ceiling exists in a market. Then a price ceiling is established below the market equilibrium. What would result?
a. Surplus b. The exchange price c. Shortage d. Equilibrium
There is only a small difference in wages between college graduates and workers who did not attend college.
Answer the following statement true (T) or false (F)
If you purchased a newly issued 30-year bond from Google with a face value of $3,000 and a coupon payment of 6 percent, Google would pay you
A) $100 per year for 30 years plus $3,000 at the end of the 30th year. B) $180 per year for 30 years. C) $180 per year for 30 years plus $3,000 at the end of the 30th year. D) $100 per year plus 6 percent per year for 30 years.