A nation's trade is said to be balanced when the value of its exports is greater than the value of its imports
a. True
b. False
Indicate whether the statement is true or false
False
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An increase in government spending that is not financed by an increase in taxes will cause which of the following?
A) an increase in interest rates and an increase in planned investment B) an increase in interest rates and a reduction in planned investment C) a reduction in interest rates and an increase in planned investment D) a reduction in interest rates and a reduction in planned investment
The R2 calculated in a spurious regression is a valid and efficient estimate of the goodness-of-fit of the regression equation.
Answer the following statement true (T) or false (F)
The minimum food budget used to determine the poverty line was determined in the:
A. 1960s and is not recalculated to account for rising standards of living. B. 1960s but has been recalculated every decade to account for rising standards of living. C. 1930s and is not recalculated to account for rising standards of living. D. 1930s but has been recalculated every decade to account for rising standards of living.
If the United Auto Workers union can obtain a substantial wage increase for auto workers, there will be a(n):
A. decrease in the supply of automobiles, which is a shift to the right of the supply curve. B. decrease in the supply of automobiles, which is a shift to the left of the supply curve. C. increase in the supply of automobiles, which is a shift to the right of the supply curve. D. increase in the supply of automobiles, which is a shift to the left of the supply curve.