A binary response is the most extreme form of a discrete random variable that takes on:?
A. ?only two values, zero and one.
B. ?only one value, zero.
C. ?only one value, one.
D. ?any value.
Answer: A
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Indicate whether the statement is true or false
For about the last 45 years, state and local taxes have remained relatively constant as a percentage of GDP
a. True b. False Indicate whether the statement is true or false
Which auctioned good is more likely to have a common value across potential bidders?
A) a truckload of baseball memorabilia B) a Monet painting C) a customized car D) timber
The government can reduce unemployment or reduce inflation by:
a. manipulating aggregate demand. b. manipulating the availability of natural resources. c. manipulating the availability of capital goods. d. manipulating the availability of qualified workers. e. curbing the level of immigration.