During the period of rapid industrialization in the U.S. after the Civil War,
(a) real farm incomes fell drastically.
(b) real incomes in the agricultural sector increased at a faster pace than real incomes
in manufacturing.
(c) real incomes in the agricultural sector increased at relatively the same rate as real incomes
in manufacturing.
(d) real incomes in the agricultural sector increased but at a slower pace than real incomes
in manufacturing.
(d)
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Refer to Scenario 5.4. What is the standard deviation of the investment?
A) 0 B) 16.58 C) 56.12 D) 90.14 E) none of the above
With heteroskedastic errors, the weighted least squares estimator is BLUE. You should use OLS with heteroskedasticity-robust standard errors because
A) this method is simpler. B) the exact form of the conditional variance is rarely known. C) the Gauss-Markov theorem holds. D) your spreadsheet program does not have a command for weighted least squares.