Which of the following is a strong assumption for static and finite distributed lag models??
A. ?Sequential exogeneity
B. Strict exogeneity
C. ?Dynamic completeness
D. Homoskedasticity
Answer: C
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Use the following consumption schedule to answer the next question. 
The break-even level of income would be at income level
A. 0. B. 1. C. 2. D. 3.
Jennifer is the only employee of her sole proprietorship. She is entertaining the idea of hiring an additional employee. She knows that on her own she can produce 100 units per day
Jennifer figures that Applicant A will help her produce 175 units per day whereas Applicant B will help her produce 155 units per day. Which of the following statements is most accurate? A) Applicant B has a marginal product of 75 units. B) Applicant B has an average product of 77.5 units. C) Applicant A has a marginal product of 75 units. D) Applicant A has an average product of 87.5 units.
Japan is
a. an advanced economy, and over the past century its rate of economic growth has been higher than that of the United States. b. an advanced economy, and over the past century its rate of economic growth has been lower than that of the United States. c. a middle-income country, and over the past century its rate of economic growth has been higher than that of the United States. d. a middle-income country, and over the past century its rate of economic growth has been lower than that of the United States.
How does voluntary exchange create wealth?
What will be an ideal response?