Which of the following measures is most often used to compare the standards of living in different countries?
A. life expectancy at birth
B. per capita energy consumption
C. per capita income
D. daily per capita calorie supply
Answer: C
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Eurodollar deposits arising from OPEC trade surpluses are called
A) OECD-dollars. B) OPEC-dollars. C) petrodollars. D) None of the above.
Possible solutions to omitted variable bias, when the omitted variable is not observed, include the following with the exception of
A) panel data estimation. B) nonlinear least squares estimation. C) use of instrumental variables regressions. D) use of randomized controlled experiments.
To be an example of a public good, a good must be both rival in consumption and nonexcludable.
Answer the following statement true (T) or false (F)
Measures of student performance have not increased even though per-pupil government subsidies have increased because
A) there is a need for more funds to be spent. B) we have declining enrollment in public schools. C) parents and children value the last unit of educational services received more than the cost. D) parents and children value the last unit of educational services received less than the cost.