If firms accused of antitrust violations sign a consent decree, they have
a. admitted guilt and accept the lawful penalties
b. admitted guilt, but are relieved of any penalties by agreeing to cease the violations
c. agreed to cease the alleged wrongdoing, without admitting guilt
d. denied the accusation and requested a formal hearing or trial
e. denied the accusation and given proof that it is untrue
C
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When having a choice of which estimator to use with a binary dependent variable, use
A) probit or logit depending on which method is easiest to use in the software package at hand. B) probit for extreme values of X and the linear probability model for values in between. C) OLS (linear probability model) since it is easier to interpret. D) the estimation method which results in estimates closest to your prior expectations.
Which of the following statements is not related to the price controls that existed during World War II?
a. Price ceilings facilitated the formulation of black markets for automobiles. b. A black market for meat formed, referred to as "meat-easies," due to a price ceiling on meat. c. Price ceilings created an excess demand of consumer durable goods. d. Despite price ceilings, hidden price increases were realized through deterioration in the quality of goods.
Which of the following countries has the lowest level of average educational attainment?
a. Canada b. Italy c. India d. Sudan
Social pressures and personal appeals increase the number of free riders
a. True b. False Indicate whether the statement is true or false