In the probit regression, the coefficient ?1 indicates
A) the change in the probability of Y = 1 given a unit change in X
B) the change in the probability of Y = 1 given a percent change in X
C) the change in the z- value associated with a unit change in X
D) none of the above
Answer: C) the change in the z- value associated with a unit change in X
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How would you define convergence?
A) tendency for gaps between industrial countries' per-capital incomes to narrow B) tendency for gaps between all countries' per-capital incomes to narrow C) the theory that a crisis in a low-income country will spread to all countries, regardless of debt structure D) the theory that a crisis in a low-income country will spread to only those countries which had lent money to the original country E) tendency for the world distribution of income to be persistently unequal
Which one of the following is NOT a characteristic of public goods?
A) They are indivisible. B) It is difficult to charge people on the basis of how much they use. C) Public goods can be used by increasing numbers of people at no additional cost. D) Public goods are subject to the principle of rival consumption.
Based upon the equation of exchange, which of the following (ceteris paribus) is most likely to bring about inflation?
A) An increase in the money supply. B) A decrease in velocity. C) An increase in Real GDP. D) a and b E) a and c
Import substitution is the process of developing local industries to manufacture goods to
A. import. B. export. C. replace exports. D. replace imports.