Arlo has just completed a study that shows a large number of workers are not doing the jobs that best use their talents. Which point on the production possibilities curve represents this fact?
a. A
b. B
c. C
d. D
a. A
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If the demand for one good decreases when the price of another good increases, the two goods are ________ goods
A) normal B) inferior C) complementary D) substitute
It is generally agreed that when the rate of monetary growth exceeds the rate of growth in real GDP in the long run
A. the inflation rate will increase every year by a constant rate. B. real GDP will grow at a faster rate. C. the average price level will tend to decrease over time. D. the average price level will tend to increase over time.
Since 1940 the US Government has generally had a budget:
A. surplus. B. that has been balanced C. multiplier. D. deficit.
Refer to the following computer output from estimating the parameters of the nonlinear modelY = aRbScTdThe computer output from the regression analysis is: Based on the info above, which of the parameter estimates are statistically significant at the 90% level of confidence?
A. All the parameter estimates are statistically significant. B. â is not statistically significant, but all the rest of the parameter estimates are significant. C. All parameter estimates except â and b are statistically significant. D. c? is not statistically significant, but all the rest of the parameter estimates are significant.