A debtor nation means a nation
A) whose imports exceeds its exports.
B) whose current account is less than its capital account.
C) who—through its history—has invested less in the rest of the world than other countries have invested in it.
D) whose current lending to the rest of the world exceeds its borrowing from the rest of the world.
C
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The gap between the actual and predicted values of a dependent variable is called
A) the error term. B) an exogenous factor. C) the residual. D) an endogenous factor.
What are the reasons for preferring competition to monopoly?
Why will the long-run market supply curve for most products slope upward to the right?
a. The firms producing the product will be unable to expand the size of their plant and equipment in the long run. b. Economies of scale are present in most industries. c. Most products are produced under conditions of constant cost. d. Resource prices will rise and push costs upward as the output of the industry expands.
Which of the following is true about an individual's choice of insurance assuming state-independent tastes?
A. Full insurance will be chosen from a full menu of actuarily fair insurance if tastes are risk averse. B. No insurance will be chosen if the menu of insurance contracts is actuarily unfair and tastes are risk averse. C. No insurance will be chosen if the menu of insurance contracts is actuarily unfair and tastes are risk-neutral. D. (a) and (b) are true. E. (a) and (c) are true. F. (b) and (c) are true. G. All of the above. H. None of the above