Probabilities, which are based on past data or experience, are called
A) a priori.
B) objective.
C) uncertain.
D) statistical.
D
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Fact: Very few skyscrapers are found on rural farmlands, far outside the city. Why?
A) As opposed to city property, farmland cannot support a skyscraper's tremendous weight per square foot. B) Skyscrapers would spoil the view of the rural landscape. C) The opportunity cost of building skyscrapers in rural areas is too high. D) There are far too many dangers involved.
Over a short-run period (i.e., week or month), ________ dominate exchange rate movements
A) short-run inflation differentials B) nominal price changes C) relative price changes D) None of the above
Gross national product in terms of the income method is equal to national income plus indirect business taxes minus the capital consumption allowance
a. True b. False Indicate whether the statement is true or false
If the underground economy is sizable, then GDP will:
a. accurately reflect this subterranean activity. b. overstate the economy's performance. c. understate the economy's performance. d. fluctuate unpredictably.