The critical value of t is the value that a t-statistic must exceed in order to
A. reject the hypothesis that the estimated value of the parameter equals the true value.
B. accept the hypothesis that the estimated value of parameter equals the true value.
C. reject the hypothesis that the estimated value of the parameter exceeds the true value.
D. reject the hypothesis that the true value of a parameter equals zero.
Answer: D
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Which of the following statements is TRUE?
a. The HeckscherOhlin model offers a reasonable explanation of the pattern of trade and the gains from trade. b. The HeckscherOhlin trade model does not offer an explanation of the pattern of trade. c. The HeckscherOhlin trade model does not offer an explanation of the gains from trade. d. The Riparian trade model (with labor as the only input) offers a better explanation of the pattern of trade and the gains from trade than the HeckscherOhlin model.
A market-determined price
A. is determined by the manager of a firm. B. is an endogenous variable C. is determined by the intersection of demand and supply curves. D. both a and b E. both b and c
When the federal government takes action to change taxes and spending to stimulate the economy, such policy is:
A. automatic. B. passive. C. discretionary. D. nondiscretionary.
The cost of inflation to society includesI.The opportunity costs of resources used by people to protect themselves against inflationII.The costs associated with recalculating prices
A. I only B. II only C. Both I and II D. Neither I nor II