The statistical discrepancy account is also referred to as:
a. omissions and errors.
b. econometric discrepancy.
c. statistical influence.
d. human flaws.
e. arbitrary human discrepancy.
a
You might also like to view...
If the opportunity cost of capital is below the rate of return to capital in the perfectly competitive beauty salon industry,
A. resources will flow into the industry. B. beauty salon owners must be earning negative economic profit. C. the beauty salon industry cannot be in long-run equilibrium. D. beauty salon owners must be earning negative marginal revenue at their current levels of output.
Household production is more likely to occur when
a. it requires many specialized resources b. technology makes it more costly than market production c. tax avoidance is desirable d. less control over the final product is desirable e. the opportunity cost of household production is high
A positive economic statement simply describes what is
a. True b. False Indicate whether the statement is true or false
In the language of economics, which of the following would be defined as investment?
a. The purchase of a U.S. savings bond b. The purchase of 100 shares of Ford Motor Company stock c. The deposit of $1,000 into a savings account d. The purchase of $500 worth of gold e. The accumulation of inventories by a firm