Ellen deposited $500 into an account and two years later she had $561.80 in the account. What interest rate was paid on Ellen's deposit?
a. 4.88 percent
b. 6.00 percent
c. 12.36 percent
d. None of the above is correct.
b
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What will you conclude about a regression model if the Breusch-Pagan test results in a small p-value?
A. The model contains homoskedasticty. B. The model contains heteroskedasticty. C. The model contains dummy variables. D. The model omits some important explanatory factors.
When the dollar appreciates against the euro, the euro has:
A. depreciated against the dollar. B. become more valuable relative to all other currencies. C. become less valuable relative to all other currencies. D. appreciated against the dollar.
If a technological advance makes it possible to produce computers at a lower cost:
A. the demand for computers increases. B. the demand for computers decreases. C. the supply of computers increases. D. the supply of computers decreases.
When a hotel charges a much higher price for their luxury suites than their deluxe rooms, is this price discrimination?
A. No. These are two different goods/services. B. Yes., as long as the price per square foot is the same. C. Yes, as long as they are booked online. D. Yes, as long as they offer both rooms to the same customer.