First-differenced estimation gives unbiased estimators if the regression model includes a lagged dependent variable.
Answer the following statement true (T) or false (F)
False
Rationale: FEEDBACK: First-differenced estimation is subject to serious biases if the regression model includes a lagged dependent variable.
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True, false, or uncertain? Any firm that is not covering fixed costs should shut down in the short run
Indicate whether the statement is true or false
Which of the following statements accurately expresses evidence that globalization does not encourage a "race to the bottom" in labor standards?
a. The wages paid by multinational firms to their poor countries' subsidiaries are higher than the wages paid in rich countries. b. Poor countries that participate in globalization have quickly become rich. c. Multinational firms tend to pay higher wages than local firms, but they tend to provide lower benefits than existed in the country prior to globalization. d. Multinational firms must sign contracts with the IMF stating that they will offer exceptional worker benefits. e. Multinational firms tend to pay higher wages than local firms and tend to provide greater benefits for workers than existed in the country prior to globalization.
When residents surrounding an airport complain about noise from aircraft landings and takeoffs, the relevant economic analysis is that of
a. externalities. b. equality-efficiency trade-off. c. comparative advantage. d. the cost decrease of the service sector. e. the cost disease of personal services.
A planned economy is one in which ________.
A) the government or other centralized group determines wages, sets prices, and distributes resources and products to the common group B) individuals produce enough for personal survival with few resources or goods left over to trade or barter C) individual income ultimately controls purchasing decisions D) government distributes some goods and services through selected social programs, and individual income determines purchasing decisions for other goods and services E) the production and pricing of goods and services is determined through the operation of a market