Social regulation means that the government dictates the price that a firm must charge and/or the quantity that a firm must supply

An increase in the unemployment rate may be represented as a movement from a point on the production possibilities frontier to a point inside the frontier

Indicate whether the statement is true or false

Simultaneous causality bias

A) is also called sample selection bias. B) happens in complicated systems of equations called block recursive systems. C) results in biased estimators if there is heteroskedasticity in the error term. D) arises in a regression of Y on X when, in addition to the causal link of interest from X to Y, there is a causal link from Y to X.