Assume you are a critic of welfare reforms that impose a time limit on the number of years a person is eligible for welfare benefits. What is the foundation of your critique?
The critique is based on the premise that most people on welfare would not make a "choice" to pursue a life on welfare if it were not thrust upon them. As such, we have an obligation to help them as long as there is demonstrated need.
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If, in addition to the least squares assumptions made in the previous chapter on the simple regression model, the errors are homoskedastic, then the OLS estimator is
A) identical to the TSLS estimator. B) BLUE. C) inconsistent. D) different from the OLS estimator in the presence of heteroskedasticity.
What effects does operating in an open economy add to expansionary monetary policy? To contractionary monetary policy?
Quotas and tariffs provide the same outcome: restriction of international trade and higher prices for consumers
a. True b. False Indicate whether the statement is true or false
The MPC for a country will likely be measured as less than 1.0.
Answer the following statement true (T) or false (F)