The effect of a decrease in interest rates upon economic growth is an example of positive economics
Indicate whether the statement is true or false
True
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To graph a relationship involving more than two variables, we use which assumption?
A) linear assumption B) positive relationship assumption C) marginal analysis D) ceteris paribus E) trend assumption
Refer to above Table 2-2. The chain-weighted GDP deflator for year 2 is
A) 1.313. B) 1.211. C) 1.324. D) 1.280.
Cable television is regulated because of its monopolistic cost structure. Baseball and basketball games, which also have monopolistic cost structures, are unregulated. What do these activities (watching TV and going to the ball park or stadium) not have in common?
a. being a leisure activity b. being a luxury c. entertainment value d. large-scale public consumption e. industry trade groups
If the demand for cucumbers falls when the price of tomatoes rises, then we know that tomatoes and cucumbers are:
A. complements. B. inferior goods. C. substitutes. D. normal goods.