A decrease in demand would be represented by
A. an upward movement along the demand curve.
B. the price of a good going up.
C. a downward movement along the demand curve.
D. a shift of the demand curve to the left.
Answer: D
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Which prices are used to measure goods and services in calculating the nominal GDP?
A) average prices B) past years prices C) current prices D) projected prices
Compared to a more standard experimental design which would assign observations to a control group or to a treatment group, a synthetic cohort analysis
A. uses a sophisticated algorithm to estimate data for observations in the control group. B. only has a treatment group. C. finds other populations that "mirror" the treatment group in many ways in order to argue that these other populations can serve as a valid control group. D. only has a control group. E. assigns observations to the control or treatment group based on certain demographics such as location or race.
According to marginal analysis, you should choose to do something if the extra benefit:
A. is positive. B. outweighs the extra cost. C. exceeds the benefits of the previous time spent on the activity. D. will change the outcome.
All of the following are arguments in support of protectionist legislation except:
A. increasing political pressure on rogue nations. B. increasing competition for domestic producers. C. increasing income equality. D. increasing tax revenues.