The general answer to the question of choosing the scale of the variables is
A) dependent on you whim.
B) to make the regression results easy to read and to interpret.
C) to ensure that the regression coefficients always lie between -1 and 1.
D) irrelevant because regardless of the scale of the variable, the regression coefficient is unaffected.
Answer: B) to make the regression results easy to read and to interpret.
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Use the following information to answer the next question.C = A + .75(Y - T)A = $900I = $600G = $400T = $400NX = -$200What is the equilibrium level of real GDP?
A. $5,600 B. $8,000 C. $5,200 D. $7,200
Tom is going to quit his job to pursue his PhD in economics, which will take him 6 years to complete. He currently makes $55,000 per year as a high school teacher
While going to school, he will receive a stipend of $24,000 per year plus $6,000 per year to help cover food and rent. His living expenses are the same regardless of what he does. What is Tom's opportunity cost of pursuing his PhD? A) $150,000 B) $180,000 C) $186,000 D) $330,000
Following the Civil War, U.S. currency included all of the following except:
a. wooden nickels. b. silver and gold specie. c. bank notes. d. greenbacks.
An assumption that underline Resource-based View include
a. Resource heterogeneity b. Resource immobility c. Barriers to entry d. Both a and b