Answer the following questions true (T) or false (F)

1. The U.S. is highly sensitive to increasing interest rates.

2. The U.S. farm sector is characterized by a large number of large, highly capitalized farming operations.

3. A major change in farm program policy forthcoming in the 2014 farm bill involves greater reliance on property insurance as a means of providing a safety net to farmers.


1. TRUE
2. TRUE
3. FALSE

Economics

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The provision of the Patient Protection and Affordable Care Act (ACA) which states that, with limited exceptions, every resident of the United States must have health insurance that meets certain basic requirements is the ________ provision

A) regulation of health insurance B) state health insurance marketplaces C) individual mandate D) employer mandate

Economics

What is protection as it refers to international trade?

What will be an ideal response?

Economics

To calculate the J-statistic you regress the

A) squared values of the TSLS residuals on all exogenous variables and the instruments. The statistic is then the number of observations times the regression R2. B) TSLS residuals on all exogenous variables and the instruments. You then multiply the homoskedasticity-only F-statistic from that regression by the number of instruments. C) OLS residuals from the reduced form on the instruments. The F-statistic from this regression is the J-statistic. D) TSLS residuals on all exogenous variables and the instruments. You then multiply the heteroskedasticity-robust F-statistic from that regression by the number of instruments.

Economics

In a monopolistically competitive market like retail trade, firms can easily enter and exit the market

a. True b. False Indicate whether the statement is true or false

Economics