If MR > MC, a profit-maximizing firm should increase output
Indicate whether the statement is true or false
T
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If the absolute value of your calculated t-statistic exceeds the critical value from the standard normal distribution, you can
A) reject the null hypothesis. B) safely assume that your regression results are significant. C) reject the assumption that the error terms are homoskedastic. D) conclude that most of the actual values are very close to the regression line.
Summarize the anti growth view of economic growth
Please provide the best answer for the statement.
A theory or a model
A. is a detailed analysis of what ought to be. B. captures all aspects of the real world. C. is a simplified, abstract view of reality. D. is based on each economist's value judgments.
When an individual is frictionally unemployed, the unemployment arises from
A. a reduction in the overall demand for labor's skills. B. a short-term elimination of jobs because of a slowdown in business activity. C. imperfect labor market information which requires individuals to search for appropriate employment. D. the permanent elimination of jobs because of a change in the structure of the economy.