One way of organizing two periods of panel data is to have only one record per cross-sectional unit.
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: One way of organizing two periods of panel data is to have only one record per cross-sectional unit.
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If a payout is certain to occur, then the variance of that payout equals
A) zero. B) one. C) the expected value. D) the expected value squared.
In economic analysis marginal analysis is used to:
a. make an either-or decision. b. determine which costs are sunk costs. c. decide how much of something is the optimal amount. d. convince others that the costs of a certain activity do not matter
Economic growth causes:
A. a movement away from the production possibility curve. B. the production possibility curve to shift in. C. the production possibility curve to shift out. D. a movement toward the production possibility curve.
Suppose the Chinese yuan increases in its value relative to the U.S. dollar. In the U.S. economy,
A. the price level will fall and real GDP will increase if the increase in aggregate supply is greater than the decrease in aggregate demand. B. the price level will fall and real GDP will decrease if the decrease in aggregate demand is less than the increase in aggregate supply. C. the price level will increase and real GDP will fall if the increase in aggregate demand is less than the decrease in aggregate supply. D. the price level will increase and real GDP will fall if the decrease in aggregate demand is more than the increase in aggregate supply.