A useful rule of thumb is that standard errors are expected to shrink at a rate that is the inverse of the:
A. square root of the sample size.
B. product of the sample size and the number of parameters in the model.
C. square of the sample size.
D. sum of the sample size and the number of parameters in the model.
Answer: A
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Based on the graph showing the 2016 U.S. health dollar, most health care is funded by ______.
a. out of patient pockets
b. private insurance
c. Medicare
d. Medicaid
A firm with two plants, A and B, has the following estimated demand and marginal cost functions:Qd = 120 - 10PMCA = 4 + (1 / 5)QAMCB = 6 + (1 / 10)QBWhat is the firm's total marginal cost function?
A. MC = 2 + (1/10)Q B. MC = (80/15) + (1/15)Q C. MC = 24 + (1/50)Q D. MC = 10 + (3/15)Q
Refer to the table. A total output of 3 units of capital goods and 4 units of consumer goods:
Answer the question on the basis of the data given in the following production possibilities
table:
A. is irrelevant because the economy is capable of producing a larger total output.
B. will result in the maximum rate of growth available to this economy.
C. would involve an inefficient use of the economy's scarce resources.
D. is unobtainable in this economy.
Social insurance programs
A. Involve an income eligibility test. B. Are a type of welfare program. C. Are event-conditional. D. Are means-tested.