Which of the following types of variables cannot be included in a fixed effects model?
A. Dummy variable
B. Discrete dependent variable
C. Time-varying independent variable
D. Time-constant independent variable
Answer: D
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Explain how income and substitution effects alter the saving behavior of households
What will be an ideal response?
The nominal rate of interest = _____ + _____.
Fill in the blank(s) with the appropriate word(s).
According to the cumulative investment table above:
A. $150 billion worth of investments have expected rates of return exactly equal to 20%
B. $150 billion worth of investments have expected rates of return of 20% or lower
C. $40 billion worth of investments have expected rates of return between 20% and 22%
D. $260 billion worth of investments have expected rates of return higher than 20%
If markets are perfectly competitive, then the production of goods
A) will use the least costly combination of resources. B) will occur at an average total cost value that is above the minimum. C) will require government intervention. D) will always lead to business failures.