The international bond market is much larger and more lucrative than the domestic bond market.
a. true
b. false
b. false
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In the regression model Yi = β0 + β1Xi + β2Di + β3(Xi × Di) + ui, where X is a continuous variable and D is a binary variable, β3
A) indicates the slope of the regression when D=1. B) has a standard error that is not normally distributed even in large samples since D is not a normally distributed variable. C) indicates the difference in the slopes of the two regressions. D) has no meaning since (Xi × Di) = 0 when Di = 0.
Refer to the above table. Suppose the marginal revenue product of the 7th worker is $1100. This implies that
A) the price of the good is $1. B) the price of the good is $8. C) the price of the good is $20. D) we cannot tell what the price of the good is without more information.
If both prices increase by 10 percent and money income remains constant, the budget line for both goods in question will:
a. become steeper b. become flatter c. will have the same slope d. will become vertical.
Real GDP is the most effective measure for determining the:
A. Income level per household. B. Change in the price level. C. Standard of living across countries. D. Growth rate of the economy over time.