Foreign direct investment and domestic investment have the same effect on all measures of economic prosperity
a. True
b. False
Indicate whether the statement is true or false
False
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The extended least squares assumptions are of interest, because
A) they will often hold in practice. B) if they hold, then OLS is consistent. C) they allow you to study additional theoretical properties of OLS. D) if they hold, we can no longer calculate confidence intervals.
A government passes a new law allowing only 1,000 tons of pollution per day to be generated and simultaneously sells 1,000 transferable rights to emit one ton each of pollution per day. Which of the following is true?
a. The pollution will be created by those least willing and able to pay the damages. b. The pollution will be created by those most willing and able to pay for the right to pollute. c. The funds collected by the government will be enough to compensate any individuals harmed by the pollution. d. Pollution will increase from zero to 1,000 units per day. e. There will be no incentive for polluters to try to sneak emissions past government monitoring devices.
Which of the following is not an example of price discrimination?
A. mattress sales on Memorial Day B. student discounts at museums C. rental car companies charging lower prices to local residents than to out-of-state residents D. children's discounts at amusement parks
The nation's total federal debt represents the total of all accumulated deficits minus surpluses over time.
Answer the following statement true (T) or false (F)