Which of the following are flows, not stocks?
a. Your wealth
b. The interest that you get from that loan you made
c. The value of your home
d. Your income
Ans: b. The interest that you get from that loan you made
d. Your income
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In cities with rent control, people have an incentive to list their apartments on sites such as Airbnb at rents ________ the controlled rates, because rent control causes a ________ of apartments
A) above; surplus B) below; surplus C) above; shortage D) below; shortage
Additions to inventory subtract from GDP, and when the goods in inventory are sold, the reductions in inventory add to GDP
a. True b. False Indicate whether the statement is true or false
Consider the following data for men and women: Men Women Average Hourly Wage:$12.40 $9.90 Average Years of Work Experience: 14.3 9.5 If a regression estimates the return to experience for men, ?M, to be 0.25, how much of the average difference in wages can be attributed to differences in work experience and how much can be attributed to discrimination and/or unobservable characteristics?
A. $1.20 to differences in work experience; $1.30 to discrimination/unobservable characteristics B. $1.30 to differences in work experience; $1.20 to discrimination/unobservable characteristics C. $0.00 to differences in work experience; $2.50 to discrimination/unobservable characteristics D. $1.50 to differences in work experience; $1.00 to discrimination/unobservable characteristics E. $2.50 to differences in work experience; $0.00 to discrimination/unobservable characteristics
Which of the following would be expected to cause the quantity of wool supplied to decrease?
A. A decrease in the number of wool producers B. An increase in wages paid to workers in the wool industry C. A decrease in the price of wool D. An increase in the cost of raising sheep