The purpose of the International Monetary Fund is to resolve trade related disputes
Indicate whether the statement is true or false
false
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To maintain their economic profits, firms in monopolistic competition must continually engage in
A) product innovation and development. B) lowering their product's price. C) raising their product's price. D) realizing short-run losses. E) making the demand for their product more elastic.
If asset A is a risky asset yielding 10 percent and asset B is a riskless asset with the same maturity with a yield of 8 percent, investors would
A) prefer asset A. B) prefer asset B. C) be indifferent between the two assets. D) None of the above.
Explain how the expansion of winner-take-all markets can affect the degree of income inequality
Which of the following is a difference between least absolute deviations (LAD) and ordinary least squares (OLS) estimation?
A. OLS is more computationally intensive than LAD. B. OLS is more sensitive to outlying observations than LAD. C. OLS is justified for very large sample sizes while LAD is justified for smaller sample sizes. D. OLS is designed to estimate the conditional median of the dependent variable while LAD is designed to estimate the conditional mean.