The substantial increase in clear property rights has severely impeded growth in many developing countries.
Answer the following statement true (T) or false (F)
False
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A 10 percent decrease in the price of a Pepsi decreases the demand for a Coca-Cola by 50 percent. The cross elasticity of demand between a Pepsi and Coca-Cola is
A) 50. B) 10. C) 5. D) 0.20.
HAC standard errors and clustered standard errors are related as follows:
A) they are the same B) clustered standard errors are one type of HAC standard error C) they are the same if the data is differenced D) clustered standard errors are the square root of HAC standard errors
List the four determinants of an economy's productivity
The peak phase of the business cycle represents
A. a labor surplus. B. falling prices. C. an increase in foreign investment. D. a temporary maximum output level of Gross Domestic Product (GDP).