A country's balance of payments shows a
A. summary record of international financial assistance received by the country.
B. detailed record of the country's imports.
C. summary record of a country's economic transactions with foreign residents and governments over a year.
D. detailed record of the import and export of services for the country.
Answer: C
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A debt crisis may lead to a banking crisis
Indicate whether the statement is true or false
Under imperfect multicollinearity
A) the OLS estimator cannot be computed. B) two or more of the regressors are highly correlated. C) the OLS estimator is biased even in samples of n > 100. D) the error terms are highly, but not perfectly, correlated.
To accomplish its purpose a linear profit-sharing contract must
a. induce the employee to moonlight b. communicate a code of conduct that will be monitored and enforced c. meet either the participation or the incentive compatibility constraint d. establish a separating equilibrium e. not realign incentives
The Case in Point on "baldness and heart disease" suggests that by preventing baldness:
A) men can reduce the likelihood they will develop colon cancer. B) men are unlikely to influence their chances of having heart problems. C) men are likely to reduce their chances of having heart problems. D) men can live longer.