The t-statistic is calculated by dividing
A) the OLS estimator by its standard error.
B) the slope by the standard deviation of the explanatory variable.
C) the estimator minus its hypothesized value by the standard error of the estimator.
D) the slope by 1.96.
Answer: C) the estimator minus its hypothesized value by the standard error of the estimator.
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Refer to the above table. Country A has a per capita real GDP of $1000 and B has a per capita real GDP of $10,000. A is growing at a rate of 5 percent a year and B at a rate of 4 percent a year
After 50 years, how much larger is per capita real GDP in B than A? How much is this in real dollars? A) B is 12 times larger, or $230,000 larger on a real per capita basis. B) B is 8 times larger, or $175,000 larger on a real per capita basis. C) B is a little less than 2 times smaller, or almost $20,000 smaller on a real per capita basis. D) B is a little over 6 times larger, or almost $60,000 larger on a real per capita basis.
In a repeated prisoner's dilemma situation, cooperation can be achieved _____
a. if player A cooperates as long as player B cooperates b. if player A continually defects on player B c. if player A cooperates regardless of what player B does d. never
One of the key reasons why monopolies exist is:
A. there is easy entry and exit into and out of the market. B. the goods sold are highly inaccessible to buyers. C. there are barriers to entry into the market. D. geographical differences.
If the government undertakes expansionary fiscal policy, it might:
A. increase income taxes. B. decrease income taxes. C. decrease government spending. D. increase corporate income taxes.