The three fundamental questions that any economy must address are:
A) How much will be saved; what will be produced; and how can these goods and services be fairly distributed?
B) What goods and services to produce; how will these goods and services be produced; and who receives them?
C) What will be the prices of goods and services; how will these goods and services be produced; and who will receive them?
D) Who gets jobs; what wages do workers earn; and who owns what property?
B
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Nike is a firm in monopolistic competition. If Nike is earning an economic profit from new cross-training shoe, over time the demand for these shoes
A) increases as new firms enter the market. B) decreases as new firms enter the market. C) does not change as new firms enter the market. D) decreases as firms exit the market. E) increases as firms exit the market.
Adjusted R2 gives the actual percentage of the variation in the dependent variable explained by the regression model
Indicate whether the statement is true or false
A decrease in German Treasury interest rates, all else held constant, causes a leftward shift in the __________ euros and causes the dollar to __________ against the euro
A) supply of; appreciate B) supply of; depreciate C) demand for; appreciate D) demand for; depreciate
Which of these statements is generally accepted by economists? Perfect competition
A) provides both equity and efficiency. B) provides equity but not necessarily efficiency. C) provides efficiency but not necessarily equity. D) generally satisfies neither efficiency nor equity.