The production possibilities frontier model assumes all of the following except
A) the level of technology is fixed and unchanging.
B) any level of the two products that the economy produces is currently possible.
C) labor, capital, land and natural resources are fixed in quantity.
D) the economy produces only two products.
B
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All else equal, a forecast regression with a R2 of ________ is more valuable than a forecast regression with a R2 of ________.
A) 0.85; 0.95 B) 0.50; 0.80 C) 0.80; 0.50 D) 0.75; 0.90
If an improvement in production technology causes a decrease in production costs, the result is a(n)
a. decrease in quantity supplied b. increase in demand c. increase in supply d. improvement is working conditions e. increase in quantity supplied
Which of the following is correct?
a. Managed funds typically have a higher return than indexed funds. This tends to refute the efficient market hypothesis. b. Managed funds typically have a higher return than indexed funds. This tends to support the efficient market hypothesis. c. Index funds typically have a higher rate of return than managed funds. This tends to refute the efficient market hypothesis. d. Index funds typically have a higher rate of return than managed funds. This tends to support the efficient market hypothesis.
The long-run aggregate supply curve is determined by all of the following EXCEPT
A. technology. B. aggregate demand. C. the amount of resources that exist in the economy. D. human capital.