Skeptics have been historically incorrect about
A. the depletion of earth’s most valuable resources. As resource prices increase, more discoveries have been made.
B. market-based approaches in reducing pollution. Zero pollution has been achieved.
C. the depletion of earth’s most valuable resources. As resource prices decrease, firms are incentivized to sell all their holdings before prices continue to fall.
D. state owned firms. They traditionally perform better than markets with pollution charges.
Answer: A
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When long-run average total cost decreases as output increases, a firm experiences
a. increasing average fixed cost b. decreasing total cost c. economies of scale d. diseconomies of scale e. constant returns to scale
As the housing market took off in the early 2000s:
A. the growth in household debt accelerated. B. the growth in household debt slowed. C. household debt became positive for the first time since the Great Depression. D. household debt became negative for the first time since the Great Depression.
?The main assumption of OLS for any model is:
A. ?to check whether the error term is uncorrelated with the response variable. B. ?to check whether the error term is correlated with the explanatory variables. C. ?to check whether the error term is uncorrelated with the explanatory variables. D. to check whether the error term is correlated with the response variable.
The Social Security system is financed through
A. general revenues. B. a payroll tax. C. the income tax. D. private insurance contributions.