Speculation during periods of inflation can result in:
A. People buying resources for resale later rather than using the resources for current production.
B. A movement inside the production-possibilities curve.
C. People buying gold, silver, jewelry, etc., instead of capital for production.
D. People saving less of their disposable income.
E. All of the above.
Ans: E. All of the above.
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If 
j, an unbiased estimator of 
j, is consistent, then the:
A. distribution of 
j becomes more and more loosely distributed around 
j as the sample size grows.
B. distribution of 
j becomes more and more tightly distributed around 
j as the sample size grows.
C. distribution of 
j tends toward a standard normal distribution as the sample size grows.
D. distribution of 
j remains unaffected as the sample size grows.
A balance of trade deficit exists when
A. net exports are negative. B. net exports are positive. C. exports equal imports. D. exports exceed imports.