Which of the following is true if yt= +++

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A. E(yt| xt,yt -1, xt -1) = E(yt| xt,yt -1, xt -1,……) 
B. E(yt| xt,yt -1, xt -1) = 0
C. E(yt| xt,yt -1, xt -1)  = E(yt -1) + E(xt) + E(xt -1)
D. E(yt| xt,yt -1, xt -1)  = E(yt)  

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Answer: A

Economics

When labor inputs are finely divisible, the average product of labor curve is ______ sloping at L if the marginal product is ______ the average product.

A. downward; above B. upward; above C. upward; below D. vertical; equal to

Which of the following is classified as a transfer payment and not as income?

(a) Monthly payments received from CIT by your economics lecturer; (b) Monthly payments received from CIT by scholarship students at CIT; (c) Monthly payments received by members of the Judiciary; (d) Dividend payments received by the shareholders of a company.

?The maximum likelihood estimates for Tobit models can be more easily obtained than the OLS estimates of a linear model.

Answer the following statement true (T) or false (F)

Based on the circular flow model, money flows from households to businesses in:

A. factor markets. B. product markets. C. neither factor nor product markets. D. both factor and product markets.