Which of the following statements is true?
A. A probit or logit model should be used for corner solution outcomes, and a Poisson regression model should be used for a binary response.
B. A Poisson regression model should be used for corner solution outcomes, and a probit or logit model should be used for a binary response.
C. A probit or logit model should be used for count variables, and a Poisson regression model should be used for a binary response.
D. A Poisson regression model should be used for count variables, and a probit or logit model should be used for a binary response.
Answer: D
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In countries with very restrictive labor laws , many firms are reluctant to hire workers. This reluctance can
A) reduce cyclical unemployment and the natural rate of unemployment. B) reduce structural unemployment and the natural rate of unemployment. C) reduce frictional unemployment and the natural rate of unemployment. D) increase the natural rate of unemployment.
A rightward shift of a demand curve represents a decrease in demand
a. True b. False