The population R-squared is affected when heteroskedasticity is present in Var(u|x1, …, xk).?
Answer the following statement true (T) or false (F)
False
Rationale: FEEDBACK: The population R-squared is unaffected when heteroskedasticity is present in Var(u|x1, …, xk).?
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SouthState Chemical Co. produces pine oil cleaners in a process that produces emissions that discolor the paint on nearby houses, although the emissions have been declared nontoxic to humans. a. Is the price for the cleaner likely to be allocatively efficient? Use a graphic illustration in your answer. b. If your answer to (a) is no, what is an appropriate government policy to correct the problem?
What will be an ideal response?
John is contemplating whether he should take a job offered to him. John should
A. take the job if taking the job implies he will enjoy more leisure. B. not take the job if taking the job implies he will enjoy less leisure. C. not take the job if the value of his leisure is less than the wage rate the job pays. D. not take the job if the value of his leisure is greater than the wage rate the job pays.
Refer to the below graph. Consider a situation where price increases from P3 to P4. In this price range, demand is relatively:
A. Inelastic because the loss in total revenue (areas E + F + G) is greater than the gain in total revenue (area A)
B. Elastic because the loss in total revenue (areas E + F + G) is greater than the gain in total revenue (area A)
C. Elastic because the loss in total revenue (area A) is greater than the gain in total revenue (areas E + F + G)
D. Inelastic because the loss in total revenue (area A) is greater than the gain in total revenue (areas E + F + G)
The property that a person owns at the time of her death is her estate.
Answer the following statement true (T) or false (F)