Which of the following is true of the OLS t statistics?
A. The heteroskedasticity-robust t statistics are justified only if the sample size is large.
B. The heteroskedasticty-robust t statistics are justified only if the sample size is small.
C. The usual t statistics do not have exact t distributions if the sample size is large.
D. In the presence of homoskedasticity, the usual t statistics do not have exact t distributions if the sample size is small.
Answer: A
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Which of the following statements is true of the number of entrepreneurs in an economy?
A) The number of entrepreneurs is likely to be higher in an economy with inclusive institutions than in an economy with extractive institutions. B) The number of entrepreneurs is likely to be higher in a command economy than in a market economy. C) The number of entrepreneurs is likely to be the same in an economy with inclusive institutions and an economy with extractive institutions. D) The number of entrepreneurs is likely to be the same in a command economy and a market economy.
Which of the following is an example of a public good?
A) an apple B) a street light C) ketchup D) a car
Eunice had the option to buy stock or bonds in Company K. She opted to purchase bonds. Given this decision, which of the following is most likely to be Eunice’s objective?
a. She wants a say in how the company is run. b. She wants a safe, predictable payment from her investment. c. She wants the opportunity to achieve a big capital gain. d. She wants to own a portion of the company.
The economist who provided the enlightening insight about benefits from trade based on comparative advantage was:
A. Adam Smith B. Milton Friedman C. John Maynard Keynes D. David Ricardo