?The number of overidentifying restrictions equals the total number of exogenous variables in the system plus the total number of explanatory variables in the equation.
Answer the following statement true (T) or false (F)
False
Rationale: FEEDBACK: The number of overidentifying restrictions equals the total number of exogenous variables in the system minus the total number of explanatory variables in the equation.
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Refer to Figure 3.2. Wilma's dominant strategy is
A) North. B) South. C) East. D) Wilma has no dominant strategy.
A less developed country can increase its capital stock by
a. raising taxes on purchases of capital goods b. temporarily accepting unusually high unemployment rates c. reducing government spending d. shifting resources away from production of consumer goods and toward production of capital goods e. providing more opportunities for individuals to spend their accumulated savings
Data on DVD sales for three different years can best be compared by using a
a. crystal ball b. bar graph c. psychic d. pie graph
Marginal cost
A. Rises as a direct result of diminishing returns. B. Rises whenever marginal revenue product rises. C. Falls in the short run because some resources are fixed. D. Falls whenever marginal physical product decreases.