Optimal decisions are made at the point where marginal benefit is maximized
Indicate whether the statement is true or false
FALSE
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A "false positive" is
a. When you incorrectly conclude that your hypothesis is true b. When you incorrectly conclude that your hypothesis is false c. When you correctly conclude that your hypothesis is true d. When you correctly conclude that your hypothesis is false
Stock represents
a. a claim to a share of the profits of a firm. b. ownership in a firm. c. equity finance. d. All of the above are correct
Spending on imports should get ________ GDP, and spending on exports should be ________.
A. subtracted from; included B. included in; subtracted C. included in; included as well D. subtracted from; subtracted as well
The effect of a legal minimum wage set above the equilibrium wage rate is
A. a decrease in quantity of labor supplied. B. an excess quantity of labor demanded. C. an excess quantity of labor supplied. D. an increase in the quantity of labor demanded.