Licensing requirements for doctors, which are intended primarily to maintain the quality of persons who work in the profession, have no the effect on the profits of those individuals because the number of competitors is so large

Indicate whether the statement is true or false


FALSE

Economics

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The lag length in a VAR using the BIC proceeds as follows: Among a set of candidate values of p, the estimated lag length xxxis the value of p

A) For which the BIC exceeds the AIC B) That maximizes BIC(p) C) Cannot be determined here since a VAR is a system of equations, not a single one D) That minimizes BIC(p)

Economics

The members of the Federal Reserve Board of Governors serve:

a. 6-year terms. b. 4-year terms. c. 10-year terms. d. 14-year terms. e. 2-year terms.

Economics

For which of the following types of firm does the average revenue curve coincide with the marginal revenue curve?

a. A monopolist b. An oligopoly firm c. A monopolistically competitive firm d. A perfectly competitive firm e. A monopsonist

Economics

Champlain College in Vermont runs a satellite campus in Dublin, Ireland. This is an example of:

A. foreign portfolio investment. B. foreign direct investment. C. importing. D. exporting.

Economics