In the presence of heteroskedasticity, and assuming that the usual least squares assumptions hold, the OLS estimator is
A) efficient.
B) BLUE.
C) unbiased and consistent.
D) unbiased but not consistent.
Answer: C
You might also like to view...
Which of the following is NOT considered capital?
A) an assembly line at a General Motors plant B) a computer used by your instructor for presentations in class C) stocks and bonds that are sold by Pepsico D) the furniture in the President's office E) a nail gun used for building houses
How are potential GDP, full employment and the LAS curve related?
What will be an ideal response?
What is the principal-agent problem as applied to corporations?
What will be an ideal response?
For a perfectly competitive firm, the value of the marginal product is
A) the same thing as marginal factor cost. B) the same thing as marginal physical product. C) marginal physical product times the product price. D) marginal physical product times the wage rate.