A wage payment system in a firm incorporates a guaranteed wage with an incentive element, provided that a certain minimum level of output is achieved. Which of the above graphs represents such a system?

If Indonesia imposes an import tariff on Hollywood movies, the tariff ________ the price of seeing a movie in Indonesia, the production of movies in Indonesia ________, and imports of Hollywood movies into Indonesia ________

A) raises; increases; increases B) raises; increases; falls C) lowers; increases; falls D) lowers; decreases; falls E) raises; decreases, falls

To measure the fit of the probit model, you should:

A) use the regression R2. B) plot the predicted values and see how closely they match the actuals. C) use the log of the likelihood function and compare it to the value of the likelihood function. D) use the fraction correctly predicted or the pseudo R2.