The term _____ refers to the problem of small sample size.
A. micronumerosity
B. multicollinearity
C. homoskedasticity
D. heteroskedasticity
Answer: A
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In which of the four oligopolistic markets below is there considerable price competition?
A. music production industry B. high-definition DVD industry C. stent industry D. airline industry
As the ________ interest rate increases, the quantity of loanable funds demanded ________
A) real; increases B) real; decreases C) nominal; increases D) nominal; decreases
A government policy generates $10,000 of benefits to underprivileged youth at a cost of $5,000 to taxpayers. The policy is Pareto efficient.
Answer the following statement true (T) or false (F)
Which of the following is NOT a major concern of international economic theory?
A) protectionism B) the balance of payments C) exchange rate determination D) bilateral trade relations with China E) the international capital market