If the inflation rate is 2 percent and the real interest rate is 7 percent, then the nominal interest rate is
a. 3.5 percent.
b. 5 percent.
c. 9 percent
d. 7 percent.
c
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The Clayton Act of 1914 was passed to prohibit, in part, price discrimination if the effect is to substantially lessen competition or create monopoly
Indicate whether the statement is true or false
To obtain the slope estimator using the least squares principle, you divide the
A) sample variance of X by the sample variance of Y. B) sample covariance of X and Y by the sample variance of Y. C) sample covariance of X and Y by the sample variance of X. D) sample variance of X by the sample covariance of X and Y.
Which concept explains how individual consumers in market economies determine what is to be produced?
a. competition b. consumer sovereignty c. decentralized decision-making d. free enterprise
The inputs into the process of production are called factors of production.
Answer the following statement true (T) or false (F)