If the GDP in one year is greater than it was in the previous year, then economic growth must have occurred
Indicate whether the statement is true or false
False
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Which of the following is least likely to be an example of peak/off-peak pricing?
A. Breakfast cereals B. Hotels C. Toll roads D. Electricity
Currently, which of the following countries have not ratified the Kyoto Protocol?
a. United States b. China c. Russia d. all of the above e. (a) and (b) only
Deciding that A causes B when in fact B causes A is a mistake called omitted variable bias
a. True b. False Indicate whether the statement is true or false
The Council of Economic Advisers
a. was created in 1776 and consists of three members and a staff of several dozen economists. b. was created in 1776 and consists of thirty members and a staff of a dozen economists. c. was created in 1946 and consists of three members and a staff of several dozen economists. d. was created in 1946 and consists of thirty members and a staff of a dozen economists.