Research suggests that mandatory seat belt laws
A) reduce the number of automobile accidents.
B) cause drivers to drive more cautiously.
C) actually create more automobile accidents.
D) have had no impact on the behavior of drivers.
C
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The Fixed Effects regression model
A) has n different intercepts. B) the slope coefficients are allowed to differ across entities, but the intercept is "fixed" (remains unchanged). C) has "fixed" (repaired) the effect of heteroskedasticity. D) in a log-log model may include logs of the binary variables, which control for the fixed effects.
An economy that self-corrects an expansionary gap will experience stagflation
a. True b. False Indicate whether the statement is true or false
Economists might be willing to accept a policy that adversely affected distribution of income if it
a. lessened income disparities. b. diminished labor productivity by a large amount. c. increased productivity by a large amount. d. were favorable to the rich.
The percentage change in quantity demanded that results from a 1 percent change in price is known as the:
A. cross-price elasticity of demand. B. income elasticity of demand. C. price elasticity of supply. D. price elasticity of demand.