In a natural experiment, the same cross-sectional units appear in each time period.
Answer the following statement true (T) or false (F)
False
Rationale: FEEDBACK: In panel data sets, the same cross-sectional units appear in each time period.?
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Georgia has an MU/P of 10 for tennis lessons, an MU/P of 6 for sewing lessons, and a MU/P of 2 for cooking lessons. In order to maximize utility, she should
a. take more cooking lessons b. take more sewing lessons c. take more tennis lessons d. stay with her current choices e. take fewer lessons of each choice
Which of the following is NOT an example of a transfer payment?
A. interest payments on government bonds B. welfare C. unemployment benefits D. Social Security
Marginal utility
A. is the usefulness a consumer derives from a certain good or service. B. is the utility a consumer derives from a certain good or service. C. increases as more of a good or service is consumed. D. is the additional utility derived from consuming one more unit of a good or service.
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential