more foreign investment, attracted by the expectation of economic and political stability
What will be an ideal response?
the expectation that property rights will be highly secure in the years ahead
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When having a choice of which estimator to use with a binary dependent variable, use
A) probit or logit depending on which method is easiest to use in the software package at hand. B) probit for extreme values of X and the linear probability model for values in between. C) OLS (linear probability model) since it is easier to interpret. D) the estimation method which results in estimates closest to your prior expectations.
Social Security and Medicare, programs that benefit the elderly primarily, make up the greatest share of federal redistribution programs since 1962
a. True b. False
If the price elasticity of demand for a good is -0.8 and quantity demanded decreases by 40%, price must have
A. decreased by 20%. B. increased by 32%. C. increased by 5%. D. decreased by 32%. E. none of the above
Federally provided agricultural subsidies in the United States have ________ with the passage of the 2002 Farm Security Act and the 2007 Food, Security, and Bioenergy Act
A) been abolished B) been maintained C) increased to the level of EU price supports D) been made a function of tax revenues