A perfectly competitive firm in a competitive labor market will hire more labor whenever
A) its average revenue product of labor exceeds the wage rate.
B) the wage rate exceeds its average revenue product of labor.
C) its value of marginal product of labor exceeds the wage rate.
D) the wage rate exceeds its value of marginal product of labor.
C
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Refer to Game Matrix II. Which outcomes in this game are Nash equilibria?
Game Matrix II
The following questions refer to the game matrix below. Player A can play the strategies "High" and "Low," and Player B can play the strategies "Odd" and "Even."
a. The upper right-hand corner only.
b. The upper left-hand corner only.
c. Both the upper right-hand and lower left-hand corners.
d. This game has no Nash equilibria.
Refer to the scenario above. If Lawland's net factor payments from abroad equals zero and net transfer payments from abroad is negative, ________
A) Lawland is likely to experience a net outflow of assets B) Lawland is likely to experience a current account surplus C) Lawland is likely to experience a current account deficit D) Lawland is likely to stop trading with its trading partners A country imported goods and services worth $40 billion and exported goods and services worth $37.8 billion during a particular year.
The Times Series Regression with Multiple Predictors
A) is the same as the ADL(p,q) with additional predictors and their lags present. B) gives you more than one prediction. C) cannot be estimated by OLS due to the presence of multiple lags. D) requires that the k regressors and the dependent variable have nonzero, finite eighth moments.
How much is the multiplier?
