Refer to Scenario 2. By examining the t-statistics associated with the regression coefficients, at the 5 percent significance level, which of the two independent variables are statistically different from zero?
What will be an ideal response?
Square Feet is the only statistically significant independent variable.
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An optimal two-part tariff pricing schedule maximizes consumer surplus
Indicate whether the statement is true or false
Under a negative income tax program, if a minimum income is set at $16,000 for a family of four and the tax rate is 25%, a family earning $8,000 would have an after tax income of
a. $16,000 b. $8,000 c. $22,000 d. $6,000 e. $12,000
Higher inflation
a. causes firms to change prices less frequently and makes relative prices less variable. b. causes firms to change prices less frequently and makes relative prices more variable. c. causes firms to change prices more frequently and makes relative prices less variable. d. causes firms to change prices more frequently and makes relative prices more variable.
Gross exports for the United States depend most directly on the
A. Spending behavior of foreign consumers and businesses. B. Spending behavior of U.S. government agencies. C. Spending behavior of U.S. consumers. D. Level of U.S. GDP.