What will you conclude about a regression model if the Breusch-Pagan test results in a small p-value?
A. The model contains homoskedasticty.
B. The model contains heteroskedasticty.
C. The model contains dummy variables.
D. The model omits some important explanatory factors.
Answer: B
You might also like to view...
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
When a firm prices its goods below the marginal cost to drive away competitors, it is referred as
A) price skimming. B) limit pricing. C) penetration pricing. D) predatory pricing.
Suppose speculators lost confidence in foreign economies and bought more U.S. bonds. How would this affect net exports in the U.S., and which way would this cause the aggregate demand curve to shift?
The main goal of any healthcare system, sometimes called the Triple Aim, include all but one of the following.
a. Improve the overall quality of medical care services. b. Control medical care spending to make access more affordable. c. Expand access to medical care. d. Provide universal insurance coverage