According to this Application, if you earn a salary of $80,000 in the first year and all prices decrease by half in the next 5 years, what will your nominal annual salary be in 5 years?
A) $8,000 B) $10,000 C) $20,000 D) $40,000
D
You might also like to view...
Economic rent refers to the price of a factor of production which is fixed in supply
Indicate whether the statement is true or false
Consider the following regression model: y = 
0+
data-mathml="%3Cmath%20style%3D%22font%2Dfamily%3A%27Times%20New%20Roman%20Greek%27%22%20xmlns%3D%22http%3A%2F%2Fwww%2Ew3%2Eorg%2F1998%2FMath%2FMathML%22%3E%3Cmstyle%20mathsize%3D%2215px%22%3E%3Cmi%3E%26%23946%3B%3C%2Fmi%3E%3C%2Fmstyle%3E%3C%2Fmath%3E" src="@@PLUGINFILE@@/ppg__cognero__Ch_02_The_Simple_Regression_Model__media__90b98f2a-57e8-4e9f-a789-d7860323f681.PNG" style="vertical-align:middle;" />1x1 + u. Which of the following is a property of Ordinary Least Square (OLS) estimates of this model and their associated statistics?
A. The sum, and therefore the sample average of the OLS residuals, is positive.
B. The sum of the OLS residuals is negative.
C. The sample covariance between the regressors and the OLS residuals is positive.
D. The point (
) always lies on the OLS regression line.
A resource that is a common property is
A. natural gas on land owned by an energy producer. B. water in a publicly owned river. C. oil on land owned by a drilling and refining company. D. your neighbor's backyard.
China has a comparative advantage in textiles and an absolute advantage in both textiles and radios. Japan has a comparative advantage in radios. According to this scenario
A. China should export textiles and import radios. B. Japan should import both radios and textiles. C. China should export both radios and textiles. D. Japan should export textiles and import radios.