A cross-sectional data set consists of observations on a variable or several variables over time.
Answer the following statement true (T) or false (F)
False
Rationale: FEEDBACK: A time series data set consists of observations on a variable or several variables over time.
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In the TruLite boxing department, management finds that the production team maintains several boxes of lights in a nearby storage closet. On days when the assembly line breaks down, the boxes are added back at the end of day to meet production goals. This is an example of:
A. risk premium adjustment factors. B. beating the benchmark. C. gaming the production system. D. random elements in production.
If a student achieves a high SAT score, this
A) sends a signal to a college that the applicant will be a good college student. B) does not act as a screening device. C) is a moral hazard. D) provides a college with no information.
Individuals will have different value judgments about the appropriate rate of unemployment and the appropriate rate of inflation.
Answer the following statement true (T) or false (F)
Which of the following is generally a fixed cost?
A. Utilities. B. Profit taxes. C. Property taxes on land used in production. D. Wages.