The rate of economic growth will be faster if
A) the rate of growth of the population is higher.
B) consumption spending is greater.
C) the rate of saving is higher.
D) the rate of growth of the money supply is higher.
C
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What is a gold standard?
What will be an ideal response?
In a perfectly competitive industry we are likely to find
a. firms producing a wide variety of products b. barriers to entry c. no profit possible in the short run d. firms that do not advertise e. firms that can choose the price of their products
Which of the following is assumed for establishing the unbiasedness of Ordinary Least Square (OLS) estimates?
A. The error term has an expected value of 1 given any value of the explanatory variable. B. The regression equation is linear in the explained and explanatory variables. C. The sample outcomes on the explanatory variable are all the same value. D. The error term has the same variance given any value of the explanatory variable.
Compartmentalizing is the act of storing money gained from different sources in different ______.
a. accounts at a financial institution b. areas of the brain c. categories of a budget d. economic classifications