The World Bank uses two thresholds for assessing global poverty: either $1 or $2 per day, based on 1985 prices
Indicate whether the statement is true or false
T
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Potential buyers of older homes form their bids from imperfect estimates of a house's value As a consequence,
a. Lower quality houses are more likely to be up for sale b. Higher quality houses are more likely to be up for sale c. Both the higher and lower value houses would be offered for sale d. No houses would be offered for sale
Which of the following is not a defining characteristic of globalization?
a. Increased cross-border flow of trade in goods b. Increased cross-border flow of trade in services c. Increased international mobility of information d. Increased frequency of wars e. Increased mobility of individuals across borders
The amount of money paid to workers as wages is an example of fixed costs
a. True b. False Indicate whether the statement is true or false
If the explained sum of squares is 35 and the total sum of squares is 49, what is the residual sum of squares?
A. 10 B. 12 C. 18 D. 14