The logit model derives its name from
A) the logarithmic model.
B) the probit model.
C) the logistic function.
D) the tobit model.
Answer: C) the logistic function.
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Almost all economists support protectionist policies because protection
A) saves jobs. B) prevents rich countries from exploiting poorer countries. C) is a good way for governments in developed nations to raise revenue. D) Economists would not support any of the above reasons.
Business debt is an example of a lagging indicator
Indicate whether the statement is true or false
Which of the following results from providers having more information about treatment alternatives than their patients?
a. Principle-agent problem. b. Rational ignorance. c. Externalities. d. Adverse selection. e. The substitution effect.
If real interest rate in Country X increases relative to the real interest rate in Country Y and there are no trade barriers between the two countries, then for Country X which of the following will be true of its capital flow, the value of its currency, and its exports?
(a) Inflow / Appreciation / Increase (b) Inflow / Appreciation / Decrease (c) Inflow / Depreciation / Increase (d) Outflow / Depreciation / Increase (e) Outflow / Appreciation / Decrease