If the labor force of a country is 100 million, of which 80 million are employed, then the number of unemployed people is 30 million
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following indicators will always improve when more variables are added to a regression equation?
A) the magnitudes of the coefficients B) the t-test C) R2 D) the standard errors of the coefficients
Most people buy insurance because they
a. are risk lovers b. enjoy the gamble c. are risk neutral d. want to avoid gambles
A corrective tax
a. allocates pollution to those factories that face the highest cost of reducing it. b. is a form of regulation. c. works well for all types of externalities. d. is inferior to regulatory policy according to most economists.
Which of the following statements is TRUE about income and wealth?
A. Both income and wealth are stock measures. B. Income is a flow measure and wealth is a stock measure. C. Income is a stock measure and wealth is a flow measure. D. Both income and wealth are flow measures.