Consider the model: log(wage) =  + female + exper +

class="Wirisformula" data-wiris-created="true" src="@@PLUGINFILE@@/ppg__cognero__Ch_07_Multiple_Regression_Analysis_with_Qualitative_Information__media__5dc5a813-d9ab-40f1-aeec-01f10346ab72.PNG" style="vertical-align:middle;" />female * exper + u, where exper is the years of work experience, and female  is a dummy variable (1 if the person is female, and 0 otherwise). Which of the following measures the difference in the return of experience between men and women?

A.
B.  +
C.  +  +
D.  +

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Answer: D

Economics

In recent years the U.S. social and economic problems have _____ and government will get _____ involved in solving these problems.

A. increased; more B. increased; less C. decreased; more D. decreased; less

An oligopolist has a marginal revenue curve that jumps down at 500 units of output. What kind of oligopoly does the firm most likely belong to?

A. Cournot B. Sweezy C. Bertrand D. Stackelberg

An increase in aggregate demand causes an increase in ________ only in the short run, but causes an increase in ________ in both the short run and the long run

A) the price level; real GDP B) real GDP; real GDP C) the price level; the price level D) real GDP; the price level

What is the difference between diminishing marginal returns and diseconomies of scale?

What will be an ideal response?