A complete cases estimator is an estimator that uses:
only observations with a complete set of data on y and x1, ..., xk
A. only observations with a complete set of data on x1, ..., xk.
B. complete information about the residuals.
C. only observations with a complete set of data on y and x1, ..., xk.
D. complete information about the outliers.
Answer: C
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Differences in the stock of human capital between nations are an example of a(n):
A) proximate cause of prosperity. B) implicit cause of prosperity. C) explicit cause of prosperity. D) fundamental cause of prosperity.
In the case of an external benefit generated by an activity, such as education, a private subsidy for that activity can achieve an efficient outcome
Indicate whether the statement is true or false
Refer to Figure 13-13. What is the output price?
A) P4 B) P3 C) P2 D) P1
A change in the price of a good causes
A) an increase in supply. B) a decrease in supply. C) an increase in demand and a decrease in supply. D) a change in quantity supplied.