A 95% confidence interval
A) indicates that there is 95% confidence that the value of the estimated coefficient is correct.
B) indicates that there is 95% confidence that the degrees of freedom explain the data correctly.
C) is a range of of values that gives a 95% probability that the true value of the coefficient is within the specified interval.
D) is the probability that we have obtained the true value of the coefficient with 95% accuracy.
C
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If the current account balance has a $70 million deficit and there was no change in official reserves during that year, then we know that
A) net transfers were -$70 million. B) the capital account balance must have a $70 million deficit. C) the balance of payments must register a $70 million surplus. D) the official settlements account balance must have a $70 million surplus. E) the capital and financial account balance must have a $70 million surplus.
The table above shows some of the costs for a perfectly competitive firm. The firm will produce 9 units of output if the price per unit is
A) $1750. B) $200. C) $300. D) $500.
Why is a monopoly inefficient?
What will be an ideal response?
The short-run supply curve of a perfectly competitive firm is the
a. upward-sloping portion of its average total cost curve b. upward-sloping portion of its average variable cost curve c. average fixed cost curve at all levels of output d. marginal cost curve, which lies above the average variable cost curve e. downward-sloping portion of its marginal cost curve