A primary market refers to a market in which outstanding shares are bought and sold
a. True
b. False
Indicate whether the statement is true or false
False
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Economists who focus on long-run growth suggest that the government could lower taxes on labor income in order to increase employment
a. True b. False
Technological progress generally has the effect of
a. creating permanently higher levels of unemployment. b. freeing resources that can now go to other uses. c. lowering the national standard of living. d. doing all of the above.
Suppose a regression with 51 observations returns a regression sum of squares of 56,000 and a total sum of squares of 250,000. The corresponding R2 is:
A. 0.671. B. 0.224. C. 0.345. D. 0.776.
According to the endowment effect, people are unwilling to sell a good they already own in which of the following situations?
a. if they are offered a price greater than the price they would pay if they did not already own the good b. if they are offered a price lower than the price they would have to pay to replace the good c. if they can't replace the good d. if the good was a gift that had great sentimental value