When government agents use real-life data on bank loans to determine if whites and blacks are treated equally, they are using the statistical technique called
A. regression.
B. standard deviating.
C. auditing.
D. quadratification.
Answer: A
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Properties of long-run competitive equilibrium with free entry include:
A. an equilibrium price equal to the minimum AC. B. firms earning zero profits. C. active firms producing at their efficient scales of production. D. All of these are properties of long-run competitive equilibrium.
A flat or "fair" tax would increase the tax burden on the ___________ and _______________ and decrease the tax burden on the __________.
What will be an ideal response?
In a map showing short-run cost functions, one curve begins at the origin and rises as output expands. It is called the
A) the marginal cost curve. B) the total fixed cost curve. C) the total cost curve. D) the total variable cost curve.
For this question, assume that expectations of P and A are correct. Based on price setting behavior, the real wage will be equal to which of the following?
A) A/(1 + m) B) AP/(1 + m) C) APF(u,z) D) P(1 + m) E) none of the above