Considering that there are over a half million doctors in the United States, it is still possible for a doctor to have a __________ monopoly in her or his neighborhood.
Fill in the blank(s) with the appropriate word(s).
local
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As Regulation Q was repealed, most of the assets of savings-and-loans were in the form of
A) business loans. B) consumer loans. C) mortgages. D) savings deposits.
If you included both time and entity fixed effects in the regression model which includes a constant, then
A) one of the explanatory variables needs to be excluded to avoid perfect multicollinearity. B) you can use the "before and after" specification even for T > 2. C) you must exclude one of the entity binary variables and one of the time binary variables for the OLS estimator to exist. D) the OLS estimator no longer exists.
Plurality voting fails which of the criteria for an ideal voting system?
A. Transitivity B. No dictator C. Unanimity D. Independence of irrelevant alternatives
Which of the following is likely to have the most price elastic demand?
a. laptop computers b. tablets c. Microsoft® Surface tablets d. cell phones