Diversification
What will be an ideal response?
puts the law of large numbers to work for you.
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HAC standard errors should be used because
A) they are convenient simplifications of the heteroskedasticity-robust standard errors. B) conventional standard errors may result in misleading inference. C) they are easier to calculate than the heteroskedasticity-robust standard errors and yet still allow you to perform inference correctly. D) when there is a structural break, then conventional standard errors result in misleading inference.
According to liquidity preference theory, if there were a surplus of money, then
a. the interest rate would be above equilibrium and the quantity of money demanded would be too large for equilibrium. b. the interest rate would be above equilibrium and the quantity of money demanded would be too small for equilibrium. c. the interest rate would be below equilibrium and the quantity of money demanded would be too small for equilibrium. d. the interest rate would be below equilibrium and the quantity of money demanded would be too large for equilibrium.
In which of the following regions would you most expect to see capital-intensive production?
a. rural India b. central Africa c. southeast Asia d. Germany
Refer to the information provided in Figure 10.2 below to answer the question(s) that follow. 
Figure 10.2 Refer to Figure 10.2. This firm?s marginal cost curve has shifted from MC1 to MC0. A likely explanation for this is that
A. the supply of a variable input increased. B. the demand for the firm?s product increased. C. the productivity of a variable input increased. D. the price of a variable input increased.