For simple random sampling, the researcher assumes that the population elements are ordered in some respect
Indicate whether the statement is true or false
FALSE
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When a company uses a supplier outside itself to provide goods and services, it is
A. outsourcing. B. countertrading. C. franchising. D. licensing. E. privatizing.
An equation that summarizes the total cost to the economy when output differs from potential and inflation rate differs from the ideal inflation rate is referred to as the
A. cost of disinflation. B. Fed's objective function. C. Sharpe ratio. D. Phillips curve.
Of the following types of people, which type of people is relatively easiest to understand?
A. people who are like us B. people who behave differently than us C. people who think differently than us D. people who make decisions different from us
Answer the following statement(s) true (T) or false (F)
1. The three functions of money are: acceptability, divisibility, and portability. 2. In order to be useful as medium of exchange money should have the following characteristics: acceptability, divisibility, portability, durability, stability, and scarcity. 3. In order to serve as an effective medium of exchange there should be an unlimited supply of money. 4. The M1 supply of money includes time deposits and money market accounts. 5. Currency only represents about 30 percent of M1.