Which of the following is true for the developing countries that moved most rapidly toward economic freedom during 1980-2005 period?
What will be an ideal response?
They experienced both more rapid rates of economic growth and larger reductions in poverty rates than countries that were less free.
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When demand decreases and supply increases, there will be a decrease in the equilibrium price
a. True b. False Indicate whether the statement is true or false
Suppose that you are interested in estimating the average impact a job training program has on wages. After controlling for observed factors that influence wages, participation in the training program, you find that the coefficient for the training is 0.55 and the standard error is 1.06. Thus, we can infer that the training program has a positive and statistically significant impact on wages at a 95% confidence level.
Answer the following statement true (T) or false (F)
The aggregate supply/aggregate demand model is used to help understand...
What will be an ideal response?
In general, risk-loving individuals experience increasing marginal utility from income.
Answer the following statement true (T) or false (F)