In perfect competition, entry and exit are difficult, but goods are homogeneous
Indicate whether the statement is true or false
F
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Refer to Figure 21.2. If area A = 2,000, area B = 400, and area C = 2,600, what is the Gini coefficient for Ruratania (rounded to two decimal places)?
A) 0.08 B) 0.15 C) 0.48 D) 0.92
There is discrimination in the labor market on the planet of Yerk between two groups of people, the Mirks and the Morks
If the discrimination is against the Mirks, then the VMP curve for Mirks is ________ the VMP curve for Morks, and the Mirks receive ________ than the Morks. A) to the left of; the same wage rate, but fewer are employed B) to the right of; the same wage rate, but fewer are employed C) to the left of; a lower wage rate D) to the right of; a lower wage rate
Feasible WLS does not rely on the following condition:
A) the conditional variance depends on a variable which does not have to appear in the regression function. B) estimating the conditional variance function. C) the key assumptions for OLS estimation have to apply when estimating the conditional variance function. D) the conditional variance depends on a variable which appears in the regression function.
In the short-run macro model, cyclical unemployment
a. will be eliminated once the equilibrium output level is reached b. is caused by an economic expansion c. occurs when the economy is overheated d. is caused by too much spending e. results from insufficient spending