If a p-value is greater than or equal to 1.0, the results is said to be statistically significant.
Answer the following statement true (T) or false (F)
False
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Explain the following statement: For the same individual, tastes over goods may vary at the margin as we move from one bundle to another.
What will be an ideal response?
An exchange-rate system in which the nominal exchange rate is set by the government is known as
A) a flexible exchange-rate system. B) a floating exchange-rate system. C) a fixed exchange-rate system. D) an exchange-rate union.
If neither employers nor consumers are prejudiced,
a. discrimination cannot occur b. all wages will be equal for all workers c. there will be no non-ability-based wage differentials between different groups of workers d. statistical discrimination may still occur e. all equally qualified potential workers have an equal chance of employment and advancement
A competitive, profit-maximizing firm hires workers up to the point where the
a. marginal product equals zero. b. marginal revenue product equals zero. c. marginal product equals the wage. d. value of the marginal product equals the wage.