"If the cost of college tuition goes up, then fewer people will go to college." This statement:
A. is always true.
B. is true only if for some students the cost of college after the tuition increase exceeds the benefits of attending college.
C. would never be true.
D. ignores the opportunity costs of attending college.
B. is true only if for some students the cost of college after the tuition increase exceeds the benefits of attending college.
Economics
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Total factor productivity encompasses
A) labor. B) capital. C) output. D) know-how.
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The following will not cause correlation between X and u in the simple regression model:
A) simultaneous causality. B) omitted variables. C) irrelevance of the regressor. D) errors in variables.
Economics