In which of the following industries or sectors of the economy will business cycle fluctuations likely have the greatest effect on output?
A. Military goods.
B. Capital goods.
C. Textile products.
D. Agricultural commodities.
B. Capital goods.
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When manufacturers and distributors establish credible commitments to one another, they often employ
a. vertical requirements contracts b. third-party monitoring c. credible threat mechanisms d. non-price tactics
If a female supervisor is discriminated against by one of her workers who refuses to cooperate, she may earn lower wages.
Answer the following statement true (T) or false (F)
Suppose the variable has been omitted from the following regression equation,
is the estimator obtained when
src="@@PLUGINFILE@@/ppg__cognero__Ch_03_Multiple_Regression_Analysis_Estimation__media__70014c5f-f839-4657-b538-a779591b542f.PNG" style="vertical-align:-9px;" height="25px" width="17px" /> is omitted from the equation. If is said to _____.
A. have an upward bias
B. have a downward bias
C. be unbiased
D. be biased toward zero
Developing countries do:
A. compete with one another for foreign investment, and this competition reduces the benefits from foreign investment. B. not compete with one another for foreign investment, because they have sufficient domestic saving to finance their investment needs. C. not compete with one another for foreign investment, because they lack the infrastructure to attract it in the first place. D. compete with one another for foreign investment, but this competition is beneficial to developing countries because it insures a more efficient allocation of resources.