Which of the following can be used to quantify the overall statistical significance of a regression?
A. t-statistic
B. The F-statistic and R-square
C. F-statistic
D. R-square
Answer: C
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Explain why the education of girls is probably the most cost-effective development investment. Be sure to include in your answer some discussion of at least two of the following: absolute poverty, health and development, fertility, and agriculture
What will be an ideal response?
If you look at earnings of full-time workers, women make ________ of what men make.
A. 81% B. 62% C. 10% D. nearly equal
Economists usually use the term "recession" to refer to:
A. any slowdown in the growth of real GDP. B. zero real GDP growth. C. two or more consecutive quarters of declining real GDP. D. a reduction in nominal GDP lasting more than six months.
Median household income is $50,000 per year. The typical household spends about $125 per year on milk, which has an income elasticity of about 0.07. From this information, we can conclude that
A) milk is a luxury. B) milk is a Giffen good. C) the income effect from a change in the price of milk is very large. D) the income effect from a change in the price of milk is very small.