The case of New Zealand, described in the text, is concerned with the country's
A) prospects for long term growth.
B) ability to sustain current account deficits.
C) unproductive industrial sector and its prospects for long run growth.
D) labor productivity.
E) exchange rate volatility relative to other currencies.
B
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The following table displays the marks obtained by three students on an economics test
Student Marks Obtained (out of 100) Mary 78 Charles 83 Tony 65 a) Calculate the mean marks obtained by the three students. b) Suppose one of the scores was reported incorrectly. Charles scored 38 instead of 83. How will the mean change if the correction is incorporated? c) How does the amount of data used affect the accuracy of a model?
To maximize her utility, Pat should spend all of her money and buy goods in a way that
A) the marginal utility of the last unit of each good is the same. B) the marginal utility per dollar from each good is the same. C) her total expenditure on each good is the same. D) her price elasticity of demand for each good is the same.