Slutsky's theorem combines the Law of Large Numbers
A) with continuous functions.
B) and the normal distribution.
C) and the Central Limit Theorem.
D) with conditions for the unbiasedness of an estimator.
Answer: C
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Under what conditions would an increase in market demand lead to the same long-run equilibrium price?
A. Potential new firms in the market are not attracted by economic profits. B. The firms in the market are part of a constant-cost industry. C. The firms in the market are part of an increasing-cost industry. D. The firms in the market are part of a decreasing-cost industry.
_________ include a company's credit history, sales volume, product lines, accounts receivable, inventory balances, and management structure.
a. Internal constraints b. External constraints c. Budgetsd. Economic environments e. Balance sheets
Decision making in the corporate hierarchy is a lot more spread out in _______ while CEOs are much better paid in _______.
A. the United States than in Japan; the United States than in Japan B. Japan than in the United States; Japan than in the United States C. the United States than in Japan; Japan than in the United States D. Japan than in the United States; the United States than in Japan
Which of the following is NOT a correct description of opportunity cost of capital?
A. It is the normal rate of return on investment. B. It is an implicit cost. C. It is the income sacrificed by not investing in another firm. D. It is normally included in accounting costs.