The centering of explanatory variables about their sample averages before creating quadratics or interactions forces the coefficient on the levels to be average partial effects.?
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: The centering of explanatory variables about their sample averages before creating quadratics or interactions forces the coefficient on the levels to be average partial effects.?
You might also like to view...
A high four-firm concentration ratio implies
A) an absence of product differentiation. B) a presence of product differentiation. C) an absence of competition. D) a presence of competition.
Which of the following is likely to have the most price elastic demand?
a. scissors b. fruit c. music downloads d. toothpaste
If leisure activities become more attractive, there will be a
A. Rightward shift of the labor supply curve. B. Movement up the labor supply curve to the right. C. Movement down the labor supply curve to the left. D. Leftward shift of the labor supply curve.
All but one of the following statements is used to justify protectionism. Which statement is not used to justify protectionism?
A) Free trade reduces employment by driving domestic firms out of business. B) Free trade leads to higher prices for imported goods. C) Trade restrictions are necessary to protect new firms until they can gain experience and become more productive. D) A country should not rely on other countries for goods that are critical to its national defense.