An inferior good is one for which

A) demand increases as income increases.
B) demand decreases as income increases.
C) the demand curve is vertical.
D) the demand curve slopes up.


B

Economics

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The Sherman Act of 1890

A) established the corporate income tax. B) prohibited price-setting agreements among sellers. C) required employers to bargain collectively with labor unions. D) set maximum prices railroads could charge interstate shippers. E) set minimum prices railroads could charge without being guilty of unfair trade practices.

Economics

In the United States, loans from ________ are far ________ important for corporate finance than are securities markets

A) government agencies; more B) government agencies; less C) financial intermediaries; more D) financial intermediaries; less

Economics

A multiperiod regression forecast h periods into the future based on an AR(p) is computed

A) the same way as the iterated AR forecast. B) by estimating the multiperiod regression Yt = ?0 + ?1Yt-h + ... + ?pYt-p-h+1 + ut, then using the estimated coefficients to compute the forecast h periods in advance. C) by estimating the multiperiod regression Yt = ?0 + ?1Yt-h + ut , then using the estimate coefficients to compute the forecast h period in advance. D) by first computing the one-period ahead forecast, next using that to compute the two-period ahead forecast, and so forth.

Economics

In an equilibrium in otherwise identical markets, producer surplus is higher for a monopolist than for a competitive firm

Indicate whether the statement is true or false

Economics