Which of the following explains the slower economic growth in the South compared to other regions of the country?
A. Much of the South's capital, public and private, was destroyed in the Civil War.
B. The transcontinental railroads that were completed in the 1860s, 1870s, and 1880s all bypassed the South.
C. The South remained an agricultural region after the Civil War instead of immediately becoming a higher productivity manufacturing region.
D. All of the choices are true.
D. All of the choices are true.
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To test joint linear hypotheses in the multiple regression model, you need to
A) compare the sums of squared residuals from the restricted and unrestricted model. B) use the heteroskedasticity-robust F-statistic. C) use several t-statistics and perform tests using the standard normal distribution. D) compare the adjusted R2 for the model which imposes the restrictions, and the unrestricted model.
On a world scale, how populous is the U.S. economy?
a. first b. second c. third d. fourth e. fifth