Refer to Scenario 10.2. Suppose that a tax of $5 for each unit produced is imposed by state government. What is the profit maximizing price?
A) $90.00
B) $10.00
C) $55.00
D) $52.50
C
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The slope of an individual's "consumption-leisure" budget constraint is:
a. 24 hours minus the number of leisure hours. b. total consumption divided by the wage rate. c. the real wage rate. d. the negative of the real wage rate.
The shortsightedness effect suggests that
a. politicians have a strong incentive to support projects that yield immediate and easily recognized benefits, especially when the costs of the projects are difficult to identify and are observable only in the distant future. b. politicians have a strong incentive to support projects that yield benefits in the distant future, especially when the costs of the project must be paid for in the current period. c. voters will tend to weigh future costs and benefits more heavily than current costs and benefits. d. legislators will be unwilling to trade votes on issues, especially when those issues benefit only special interest groups.
What is the estimated value of the slope parameter when the regression equation, y = 
0+
data-mathml="%3Cmath%20style%3D%22font%2Dfamily%3A%27Times%20New%20Roman%20Greek%27%22%20xmlns%3D%22http%3A%2F%2Fwww%2Ew3%2Eorg%2F1998%2FMath%2FMathML%22%3E%3Cmstyle%20mathsize%3D%2215px%22%3E%3Cmi%3E%26%23946%3B%3C%2Fmi%3E%3C%2Fmstyle%3E%3C%2Fmath%3E" src="@@PLUGINFILE@@/ppg__cognero__Ch_02_The_Simple_Regression_Model__media__cdcef7a2-dfa0-49c8-b489-15e1914aba38.PNG" style="vertical-align:middle;" />1x1 + u passes through the origin?
A. 
B. 
C. 
D. 
For the past several decades, union membership in the United States has been declining. What has been happening in the rest of the world?
A) Union membership has been increasing in almost every other country. B) In almost every other nation, union membership has held constant. C) In most cases, union membership in other nations has also been falling. D) We do not know because other nations do not keep these statistics.