Which of the following would most likely generate a positive externality?
A. Pollution
B. Education
C. Alcoholic beverages
D. Roller coaster rides
Answer: B
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Using the above figure and the Pareto criteria to determine the public interest, would a move from point A to point C be in the public interest?
a. yes b. no c. possible, depending upon other factors d. cannot say using the Pareto criteria
Refer to the table below. If the discount rate is 4 percent and the cost of the investment is $40,000, what is the net present value of the investment?
The above table shows the future operating profits from an investment. The future operating profits are earned at the end of each of the respective years.
A) $44,469.77
B) $5,815.32
C) $45,815.32
D) $6,221.77
Sample selection bias
A) occurs when a selection process influences the availability of data and that process is related to the dependent variable. B) is only important for finite sample results. C) results in the OLS estimator being biased, although it is still consistent. D) is more important for nonlinear least squares estimation than for OLS.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point B to Point A is
A. -2/3. B. -3/4. C. -1.5. D. -20.