Austerity measures typically involve:
A. reductions in government spending and tax increases.
B. increases in government spending and tax cuts.
C. the purchase of assets and equity from troubled financial institutions.
D. a return to the gold standard.
Answer: A
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The prices college students and faculty members pay for Apple computers are lower than the prices Apple charges on its Web site and in retail stores. Apple charges lower prices to college students and faculty members because
A) college students and faculty members have a more elastic demand for computers than the general public. B) college students and faculty members typically buy more supplies from Apple (print cartridges, paper, etc.,) than the general public. C) college students and faculty members have a more inelastic demand for computers than the general public. D) Apple can deduct from its federal taxes some of the costs of the computers it sells to college students and faculty members.
Under the least squares assumptions (zero conditional mean for the error term, Xi and Yi being i.i.d., and Xi and ui having finite fourth moments), the OLS estimator for the slope and intercept
A) has an exact normal distribution for n > 15. B) is BLUE. C) has a normal distribution even in small samples. D) is unbiased.
Why isn't it correct to say that people who are risk averse avoid risk?
What will be an ideal response?
The tendency of people to underestimate the time required to complete a task is called the:
A. Planning fallacy B. Framing effect C. Hindsight bias D. Availability heuristic