The binary dependent variable model is an example of a
A) regression model, which has as a regressor, among others, a binary variable.
B) model that cannot be estimated by OLS.
C) limited dependent variable model.
D) model where the left-hand variable is measured in base 2.
Answer: C) limited dependent variable model.
You might also like to view...
Compensating differentials are
A) non-monetary benefits from being employed, such as health-care benefits. B) higher wages that compensate the more experienced workers in a field. C) wages paid to workers where the supply of labor is great relative to demand. D) higher wages that compensate workers for unpleasant aspects of a job.
If a bank has excess reserves of $10,000 and demand deposit liabilities of $80,000, and if the reserve requirement is 20 percent, then the bank has actual reserves of
A) $16,000. B) $20,000. C) $26,000. D) $36,000.