In a sequential game
A) a player has to look forward and reason forward.
B) a player has to look forward and reason back.
C) a player has to look back and reason forward.
D) a player has to look back and reason back.
B
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The dynamic OLS (DOLS) estimator of the cointegrating coefficient, if Yt and Xt are cointegrated,
A) is efficient in large samples B) statistical inference about the cointegrating coefficient is valid C) the t-statistic constructed using the DOLS estimator with HAC standard errors has a standard normal distribution in large samples D) all of the above
A monopoly can block the entry of others
Indicate whether the statement is true or false
An export subsidy imposed in a large exporting country will cause the country's international terms of trade to improve.
Answer the following statement true (T) or false (F)
Use the above figure. Which graph depicts an inferior good?
A. A B. B C. C D. D