Excess supply of dollars in the foreign exchange market represents a balance of payments deficit in the U.S
Indicate whether the statement is true or false
TRUE
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Which of the following statements correctly differentiates between a model and a hypothesis?
A) Testing a hypothesis does not require data, whereas testing a model requires data. B) A model is a simplified representation of reality, whereas a hypothesis is a model's predictions. C) A hypothesis can be used to make predictions for the future, whereas a model can only explain the past. D) Testing a model requires data, whereas testing a hypothesis does not require data.
A change in the level of the supply of money
A) increases the long-run values of the interest rate and real output. B) decreases the long-run values of the interest rate and real output. C) has no effect on the long-run values of the interest rate, but may affect real output. D) has no effect on the long-run values of real output, but may affect the interest rate. E) has no effect on the long-run values of the interest rate and real output.
Which of the following is currently the primary source of funding for R&D?
a. Private industry b. Universities and colleges c. Nonprofit organizations d. Federal government
On-the-job training is the one area of education in the United States most influenced by the
a. business sector. b. government sector. c. household sector. d. foreign sector.