The Bureau of Labor Statistics counts underemployed persons as those who are currently working:
A. in a job for which they are overqualified for.
B. in a field that doesn't add a lot to overall GDP.
C. less hours than their employer requires full-time workers to work.
D. less than they would like to be.
Answer: D
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Based on this figure, if an exchange rate of $0.09 dollars per Norwegian krone is maintained, the Norwegian government will gain (in dollar) ________ worth of international reserves per period. 
A. 495 B. 5,500 C. 220 D. 605
In the figure above, if no one owns the lake the tax that achieves the efficient outcome is ________ per ton of pesticide produced
A) $30 B) $40 C) $20 D) $10
To test for randomization when Xi is binary,
A) you regress Xi, on all W's and compute the F-statistic for testing that all the coefficients on the W's are zero. (The W's measure characteristics of individuals, and these are not affected by the treatment.) B) is not possible, since binary variables can only be regressors. C) requires reordering the observations randomly and re-estimating the model. If the coefficients remain the same, then this is evidence of randomization. D) requires seeking external validity for your study.
The current base period for the CPI is
a. 1967. b. 1977. c. 1982–1984. d. 1990.