Most economists oppose ________ laws, which set interest rate ceilings.
Fill in the blank(s) with the appropriate word(s).
usury
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Refer to the figure above. What is the producer surplus when the price is $50?
A) $100 B) $200 C) $400 D) $1,000
Which of the following indicators will always improve when more variables are added to a regression equation?
A) the magnitudes of the coefficients B) the t-test C) R2 D) the standard errors of the coefficients
Suppose you're in the trucking business and you purchase a $100,000 truck with a one year loan for the full amount. Ignoring interest payments, what is your fixed cost per month?
a. $10,000 b. $20,000 c. $25,000 d. $12,000 e. $8,333
Which of the following would shift a supply curve to the right?
a. an increase in the number of sellers b. expectations of higher future prices c. an increase in input prices d. outdated technology