Possible problems with consumer interviews include:
A. a non-random sample
B. the identification problem
C. response bias
D. both a and b
E. both a and c
Answer: E
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If V is constant and Y is fixed, any change in M
A) leads to a smaller change in P. B) leads to a proportionate change in P. C) leads to a larger change in P. D) does not lead to change in P.
Which of the following relationships is CORRECT?
A) Net Investment = Gross Investment + Depreciation B) Consumption expenditure = Net Investment - Depreciation C) Gross Investment = Net Investment + Depreciation D) Depreciation = Gross Investment - Consumption expenditure
General Motors benefits from tariffs on imported automobiles. Companies that use many automobiles, such as rental agencies, want to get them cheaply. In this case, the issue of tariff legislation involves
a. a simple majority because it promises concentrated costs and benefits b. competing interests because it promises concentrated costs and benefits c. a simple majority because it promises concentrated benefits and widespread costs d. competing interests because it promises concentrated benefits and widespread costs e. competing interests because it promises concentrated costs and widespread benefits
The nation whose workers work less hours per year than any other industrial nation is
A. the United States. B. Germany. C. Japan. D. Britain.