The statistical significance of the slope coefficient can only be tested using the F test
Indicate whether the statement is true or false
FALSE
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Which of the following statements is NOT true about using per capita real GDP to measure a nation's economic growth?
A) The definition does not indicate how the increase in growth is being disturbed among the nation's population. B) The definition assumes that some of the increase in productivity goes to the poor. C) The definition is not perfect for measuring increases in a nation's productive capacity. D) The definition has understated actual economic growth because it does not take into consideration changes in leisure.
Under the kinked demand model, suppose the firm's demand curve shifts rightward but the price at which the kink occurs remains the same. In this case, the firm:
A) does not change its output. B) increases output. C) decreases output. D) We do not have enough information to answer this question.
Oligopoly firms acting individually may seek to gain profits in which of the following ways?
a. By expanding levels of output and cutting prices b. By selling products that are distinctive in some way c. By having a mini-monopoly on a brand name d. By decreasing production and raising prices
Which of the following would cause the demand for mathematicians to increase?
a. an increase in the productivity of physicists. b. an increase in the wage of mathematicians. c. a decrease in the productivity of mathematicians. d. an increase in the productivity of mathematicians.