Most economists would place the costs of food for soldiers in the
A. capital budget.
B. operating budget.
C. entitlement budget.
D. food stamp budget.
Answer: B
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A recession is commonly defined as occurring when
A) real GDP decreases for a period of 12 or more months. B) real GDP decreases for a period of 6 or more months. C) the unemployment rate rises above 7.5 percent for 6 or more months. D) the unemployment rate rises above 5.0 percent for 12 or more months.
Compensating wage differentials explain some income differences
a. True b. False Indicate whether the statement is true or false
For a previously-legal good, criminalization will cause
A. demand to become more elastic. B. price to fall, unambiguously. C. demand to increase. D. supply to become less elastic.
Ravi notices that all of his neighbors who own cats are also divorced, and concludes that cat ownership must result in divorce. Ravi is
A. correct in his analysis. B. describing regression discontinuity. C. describing difference-in-differences. D. confusing correlation and causation.