If the government collects $10,000 in tax revenue and turns around and spends $10,000 to build a new road, and the MPC is 0.5, national income
a. is unchanged
b. increases by $5,000
c. increases by $10,000
d. increases by $15,000
e. increases by $20,000
C
Economics
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Ordinary Least Squares Regression analysis attempts to
A) maximize the distance of each point from a regression line. B) select a line that fits the data well. C) maximize the residual. D) change a multivariate problem into a single dimension.
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The airline industry is an example of a(n) ________ industry.
A. monopolistic B. perfectly competitive C. oligopolistic D. monopolistically competitive
Economics