To consumers in an economy ______ are positive incentives, whereas ______ are negative incentives.
a. high prices; low taxes
b. low prices; high wages
c. high prices; high taxes
d. low prices; high taxes
d. low prices; high taxes
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Refer to Figure 2-1. ________ is (are) unattainable with current resources
A) Point A B) Point B C) Point C D) Points A and C
The best way to interpret polynomial regressions is to
A) take a derivative of Y with respect to the relevant X. B) plot the estimated regression function and to calculate the estimated effect on Y associated with a change in X for one or more values of X. C) look at the t-statistics for the relevant coefficients. D) analyze the standard error of estimated effect.
Because of __________, an increase in the saving rate leads to higher growth of income and productivity only for a while
Fill in the blank(s) with correct word
Economic production has fallen to less than full potential due to inadequate incentives for firms to produce. The duration of this economic condition will likely be:
a. indefinite b. unknown c. long-term d. short-term