答案和详解如下: 31 Correct answer is B “Sampling and Estimation,” RichardA. Defusco, Dennis W. McLeavey, Jerald E. Pinto, and David E. Runkel 2008 Modular Level I, Vol. 1, pp. 436-438 Study Session 2-10-j calculate and interpret a confidence interval for a population mean, given a normal distribution with 1) a known population variance, 2) an unknown population variance, or 3) with an unknown variance and the sample size is large The width of a confidence interval depends on the size of the standard error. The standard error will be smaller if the sample variance (standard deviation) is smaller and the sample size n is larger.
32 Correct answer is C “Hypothesis Testing,” RichardA. Defusco, Dennis W. McLeavey, Jerald E. Pinto, and David E. Runkel 2008 Modular Level I, Vol. 1, pp. 456-466 Study Session 2-11-a define a hypothesis, describe the steps of hypothesis testing, interpret and discuss the choice of the null hypothesis and alternative hypothesis, and distinguish between one-tailed and two-tailed tests of hypotheses The seven steps in hypothesis testing are: 1) Stating the hypothesis. 2) Identifying the appropriate test statistic and its probability distribution. 3) Specifying the significance level. 4) Stating the decision rule. 5) Collecting the data and calculating the test statistic. 6) Making the statistical decision. 7) Making the economic or investment decision.
33 Correct answer is B “Output and Costs,” Michael Parkin 2008 Modular Level I, Vol. 2, pp. 129-130 Study Session 4-17-d explain the firm’s production function, its properties of diminishing returns and diminishing marginal product of capital, the relation between short-run and long-run costs, and how economies and diseconomies of scale affect long-run costs Marginal cost decreases at low outputs because of economies from greater specialization. At higher levels of production, it eventually increases because of the law of diminishing returns.
34 Correct answer is C “Output and Costs,” Michael Parkin 2008 Modular Level I, Vol. 2, pp. 136-138 Study Session 4-17-d explain the firm’s production function, its properties of diminishing returns and diminishing marginal product of capital, the relation between short-run and long-run costs, and how economies and diseconomies of scale affect long-run costs When a firm is producing a given output at the least possible cost, it is said to be operating on its long-run average cost curve.
35 Correct answer is B “Monitoring Cycles, Jobs, and the Price Level,” Michael Parkin 2008 Modular Level I, Vol. 2, pp. 297-299 Study Session 5-22-c explain the types of unemployment, full employment, the natural rate of unemployment, and the relation between unemployment and real GDP Structural unemployment refers to the unemployment due to changes in technology, changes in skills needed to perform jobs or changes in the location of jobs. Frictional unemployment, on the other hand, is influenced by unemployment compensation.
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