A p-value of 0.03 means that there is only a 0.03% chance of obtaining the measured result.
Answer the following statement true (T) or false (F)
False
Economics
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If government spending equals tax revenue, the government has
A. a surplus of zero, but possibly a deficit as well. B. either a surplus of zero or a deficit of zero. C. neither a surplus of zero or a deficit of zero. D. both a surplus of zero and a deficit of zero.
Economics
The crucial aspect of competition among firms that leads to the condition of zero profits in the long run is
A. the number of firms in the industry is fixed. B. free entry and exit of firms in the industry. C. fixed costs equal zero. D. all costs are at their least cost level.
Economics