Changes in tax laws that reduce taxes more for those who save a lot will
a. favor low-income households.
b. favor people with high income.
c. create a more egalitarian society.
d. unambiguously increase national saving.
b
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Which area in the above figure equals the producer surplus under perfect price discrimination?
A) A + B + C + D + E + F + G + H + I + J + K + L B) A + B + C + D + E + F + G + H + I + J + K C) A + B + C + D + E + F + G + H D) C + D + E + F + G + H
What should affect the fundamental value of a stock according to the efficient markets hypothesis?
What will be an ideal response?
When using panel data and in the presence of endogenous regressors
A) the TSLS does not exist. B) you do not have to worry about the validity of instruments, since there are so many fixed effects. C) the OLS estimator is consistent. D) application of the TSLS estimator is straightforward if you use two time periods and difference the data.
Which of the following is TRUE?
a. Maximizing division profits always leads to maximizing company-wide profits b. Managers of profit centers are not given any discretion in their decision making c. Profit centers usually require the highest degree of attention of corporate executives d. A manager being rewarded on division revenues has the most incentive to make good decisions for his division