Answer: D) unbiasedness in small samples.
The maximum likelihood estimation method produces, in general, all of the following desirable properties with the exception of
A) efficiency.
B) consistency.
C) normally distributed estimators in large samples.
D) unbiasedness in small samples.
Economics
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If demand for a product is perfectly inelastic, a change in price will not change total revenue
Indicate whether the statement is true or false
Economics
The ability to produce a good at a lower opportunity cost than others is known as
A) comparative advantage. B) absolute advantage. C) specialization. D) marginal cost production.
Economics
Suppose an economy is initially in long-run equilibrium and it then experiences a supply shock in the form of exceptionally high energy prices. Which of these will be true in this economy? a. The short-run aggregate supply curve will shift leftward, and the long-run supply curve will shift rightward. b. The short-run aggregate supply curve and the long-run supply curve will shift rightward
c. The short-run aggregate supply curve will not shift, and the long-run aggregate supply curve will shift rightward. d. The short-run aggregate supply curve will shift rightward, but the long-run aggregate supply curve will not shift. e. The short-run aggregate supply curve and the long-run supply curve will shift leftward.
Economics
Moral hazard is more likely to arise when:
A. one side of an economic relationship cannot observe the behavior of those on the other side. B. adverse selection is present. C. insurance policies have high deductibles. D. people are uninsured.
Economics