If variance of an independent variable in a regression model, say x1, is greater than 0, or Var(x1) > 0, the inconsistency in 
1 (estimator associated with x1) is negative, if x1 and the error term are positively related.
Answer the following statement true (T) or false (F)
False
Rationale:
1 (estimator associated with x1) is positive if x1 and the error term are positively related.You might also like to view...
If a nation is going to achieve its full potential, it must have
A) a low rate of savings and a high rate of current consumption. B) a mechanism to attract savings and channel them into productive investment projects. C) low real interest rates. D) a central planning agency to allocate investment funds.
Marginal cost pricing is a system of pricing in which the price charged equals the marginal cost of:
A. the last unit produced and the firm earns zero profit. B. each unit produced and the firm earns zero profit. C. the last unit produced and the firm suffers a loss unless the government gives the firm a subsidy. D. the profit-maximization unit and the firm earns an economic profit.
The price system features
A) exchanges made in currency only. B) voluntary exchange that makes both the consumer and producer better off. C) exchanges made only on a barter basis. D) an exchange in which consumer is made better off and the producer is made worse off.
Suppose y is measured on the vertical axis, x is on the horizontal axis, and the various combinations of x and y are shown by a nonvertical straight line. Which of the following must be true?
a. There is a negative relation between x and y. b. There is a positive relation between x and y. c. There is a causal relation between x and y. d. If the value of x is known, the value of y can be determined. e. The value of y is independent of the value of x.