The largest recipient of remittances in dollars in the year 2008 was:
(a) India.
(b) Mexico.
(c) Pakistan.
(d) Philippines.
A
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Problems caused by stochastic trends include all of the following with the exception of
A) the estimator of an AR(1) is biased towards zero if it's true value is one. B) the model can no longer be estimated by OLS. C) t-statistics on regression coefficients can have a nonnormal distribution, even in large samples. D) the presence of spurious regression..
If leisure is a normal good, then a decrease in income __________ the time allocated to __________
a. decreases; market work b. decreases; leisure c. decreases; nonmarket work d. increases; leisure e. increases; market work, nonmarket work, and leisure time
In 2011, Modern Electronics, Inc produced 60,000 calculators, employing 80 workers, each of whom worked 8 hours per day. In 2012, the same firm produced 76,500 calculators, employing 85 workers, each of whom worked 10 hours per day. Productivity at Modern Electronics
a. decreased by 4% b. remained constant. c. increased by 8.33% d. increased by 27.50%
Answer the following statement(s) true (T) or false (F)
1. You can often predict people’s behavior if you know what their incentives are. 2. Lower prices are negative incentives to producers but positive incentives to consumers. 3. Positive incentives are generally considered more effective than negative incentives. 4. An absolute advantage occurs when a person, a region, or country can produce a good or service at a lower opportunity cost than others.