Consider a diagram in which the variable measured on the y-axis remains constant while the variable measured on the x-axis increases. The graph is of this relationship is a
A) perpendicular line.
B) line with slope equal to zero.
C) line that has positive slope.
D) line that has a negative slope.
B
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In the figure above, a factor that could cause the demand for bonds to shift to the right is
A) an increase in the riskiness of bonds relative to other assets. B) an increase in the expected rate of inflation. C) expectations of lower interest rates in the future. D) a decrease in wealth.
Which of the following is true regarding the game in Scenario 13.5?
A) Only Bull Meat has a dominant strategy. B) Only Deer Meat has a dominant strategy. C) Both companies have a dominant strategy: expand West. D) Both companies have a dominant strategy: expand South. E) Neither company has a dominant strategy.
According to the Principle of Increasing Opportunity Cost, in expanding the production of any good, we should start by utilizing the resources that:
A. have the highest opportunity cost. B. have the lowest opportunity cost. C. we have the most of. D. we have the least of.
Which of the following statements is true?
A. Taking logarithmic of a count variable is a suitable way to model it. B. All standard count data distributions exhibit heteroskedasticity. C. The nonlinear least squares estimation aims at maximizing R2. D. Count variables cannot take on the value zero.