Medicare and Social Security are examples of
A. a free market system.
B. public goods.
C. programs that do not respond to rational economic incentives.
D. transfer payments.
Answer: D
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Assume that your nominal wage was fixed at $25 an hour, and the price of gasoline fell from $4.00 to $1.50. In this case, your real wage (in terms of gasoline) has
A. decreased to $6.25. B. increased to $10. C. decreased to $16.66. D. increased to $16.66.
The total sum of squares equals the sum of squares of the variation explained by the regression and the sum of squares of the errors
Indicate whether the statement is true or false
An unexpected fall in Capacity Utilization should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
A merger between two firms that have a supplier-purchaser relationship is:
a. horizontal. b. vertical. c. conglomerate. d. illegal. e. inefficient.