Assume that eggnog and cookies are complements. If the price of eggnog goes up, what happens to the demand for cookies?
a. Demand for cookies increases.
b. Demand for cookies decreases.
c. Demand for cookies remains unchanged.
d. The shift in demand will depend on the original price of cookies.
b
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According to the textbook, government price controls fail because:
A. legislation cannot alter basic economic incentives. B. firms ignore the price controls. C. they are not enforced by government. D. bureaucrats lack accurate market data.
The budget line facing a household includes information on
a. prices of two goods and household income. b. household income and the price of money. c. the price of one good and household income. d. the price of two goods but no information on household income. e. preferences of goods at various prices.
The indifference curves for nickels and dimes will be
A. a straight line with negative slope. B. a straight line with positive slope. C. concave. D. L-shaped.
The square root of the quantity 
?is called the _____ for 
.
A. heteroskedasticity-robust t statistic? B. ?heteroskedasticity-robust standard error C. ?heteroskedasticity-robust F statistic D. ?heteroskedasticity-robust Wald statistic