An intertemporal budget constraint is downward sloping due to ________
A) the trade-off between current and future consumption
B) the law of diminishing marginal productivity
C) the law of supply
D) the law of demand
A
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The ratio of the regression coefficient to its standard error is called:
A) t-statistic. B) F-statistic. C) partial F-statistic. D) coefficient of determination.
Table 9.3 represents 3 markets for used stereos. Which of the markets in Table 14.3 are in equilibrium?
A. 1 only B. 2 only C. 3 only D. None of these
The more narrowly defined a good is, the more elastic the demand for the good will tend to be, ceteris paribus.
Indicate whether the statement is true or false.
Which of the following provides health-care coverage to people age 65 and over?
A) Medicaid B) Social Security C) Medicare D) Health-Aid