Because of __________, an increase in the saving rate leads to higher growth of income and productivity only for a while
Fill in the blank(s) with correct word
diminishing returns
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If you dump trash in a vacant lot despite regulations against it, then you are
A) saving landfill space and creating a social benefit. B) acting rationally and generating a positive externality. C) avoiding the private costs associated with disposing your trash some other way and creating a social cost. D) acting economically irrational and creating a social cost.
If both rich and poor families pay 25 percent of their income in taxes, the tax scheme is ________
A) proportional B) regressive C) negative D) progressive
If a country adopts another country's currency, it is called
A) dollarization. B) a crawling peg. C) a dirty float. D) monetary order.
The Cochrane-Orcutt and Prais-Winsten methods are iterative methods of feasible generalized least square (FGLS) estimation.
Answer the following statement true (T) or false (F)