Large family size by itself creates very little new poverty
Indicate whether the statement is true or false
T
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The CPI measures the average prices paid by __________ for _________
A. urban consumers; a fixed basket of consumption goods and services B. urban consumers; the average basket of goods and services they buy C. all consumers; housing, transportation, and food D. everyone who earns an income; the necessities of life
Assume there is an improvement in technology that increases the marginal product of each unit of labor. This would have the effect of:
A) reducing the average total cost, average variable cost, and marginal cost of production. B) increasing the average total cost, average variable cost, and marginal cost of production. C) reducing the average variable cost and marginal cost of production, but average total cost would be unchanged. D) reducing the average total cost and average variable cost of production, but marginal cost would be unchanged.
Suppose it is February, and a speculator believes that the demand for corn in March will be higher than everyone else expects. In this situation, the speculator will
a. bid down the price of March futures contracts. b. bid down the spot price of corn. c. give suppliers an incentive to sell more corn in February. d. buy March futures contracts.
If there is evidence of serial correlation, then FGLS is preferred over OLS because the FGLS estimator is unbiased.
Answer the following statement true (T) or false (F)