What most accurately describes the US tariff policy between 1850 and 1910?
a. The US was strongly committed to free trade throughout the period.
b. The US became more protectionist during the Civil War and the level of tariffs remained high through 1910.
c. The US had very high tariff barriers at the beginning of this period, but lowered them consistently throughout this period.
b. The US became more protectionist during the Civil War and the level of tariffs remained high into the beginning of the 20th century.
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Which is not an example of proactive language?
a. I can b. I control my feelings c. They make me so mad d. I choose
Your textbook mentions heteroskedasticity- and autocorrelation- consistent standard errors. Explain why you should use this option in your regression package when estimating the distributed lag regression model
What are the properties of the OLS estimator in the presence of heteroskedasticity and autocorrelation in the error terms? Explain why it is likely to find autocorrelation in time series data. If the errors are autocorrelated, then why not simply adjust for autocorrelation by using some non-linear estimation method such as Cochrane-Orcutt? What will be an ideal response?
Because of the rise of global competition and free trade,
a. antitrust policy serves no purpose b. antitrust policy may be less necessary than previously thought c. U.S. industrial concentration poses more of a threat to consumers d. U.S. markets are becoming less contestable e. U.S. manufacturers are seeking fewer trade barriers
What is the difference between the present value of $550 to be received after 3 years and after 5 years from now at an annual interest of 15 percent?
a. $73.49 b. $61.60 c. $250.02 d. $88.11