For a given set of data and a regression equation, the greater the R-square:
A. the greater the adjusted R-square.
B. the lower the adjusted R-square.
C. the greater the t-value.
D. the lower the t-value.
Answer: A
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Which market adjusts the quickest in response to shocks to the economy?
A) The asset market B) The labor market C) The goods market D) The asset, labor, and goods markets adjust at about the same speed to eliminate a disequilibrium in the macroeconomy.
A positive economic statement must be verifiable
a. True b. False Indicate whether the statement is true or false
The trade deficit is the mirror image of the required capital inflows. So why worry about these capital inflows?
A. Trade deficits automatically cause larger budget deficits. B. Before long, the Germans, Japanese, and other foreigners will own the United States and will be dictating policy to the U.S. government. C. These capital inflows create debts on which interest and principal payments will have to be made in the future. D. During the period of trade deficits, personal consumption must be reduced to build up wealth to repay the debt created.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point A to Point B, ________ additional OLED TVs could be produced when the production of LCD TVs is reduced by 30.
A. exactly 20 B. more than 20 C. fewer than 20 D. exactly 90