During 1980-2009, the countries achieving the most rapid growth of real GDP were nearly all
a. high-income developed economies.
b. low-income less developed economies at the beginning of the period.
c. South American economies.
d. European economies.
e. African economies.
B
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The standard deviation of the error terms in an estimated regression equation is known as:
a. coefficient of determination b. correlation coefficient c. Durbin-Watson statistic d. standard error of the estimate e. none of the above
The divergence between money costs and opportunity costs will be greatest in which of the following situations?
a. A university purchases 100 computers. b. A university employs people from town in the commissary (people prefer this job to working in the paper factory). c. A university employs otherwise unemployed teenagers to paint crosswalks and curbs. d. A university replaces the roof of the fine arts building.
Bank panics have often begun as a result of:
A. neither rumors nor economic events. B. real economic events only. C. both rumors and real economic events. D. rumors only.
In the above figure, if this natural monopolist were unregulated, the profit maximizing firm would sell the product at the price
A. A. B. B. C. C. D. F.