The ratio of the regression coefficient to its standard error is called:
A) t-statistic.
B) F-statistic.
C) partial F-statistic.
D) coefficient of determination.
A
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In an oligopoly, when the quantity effect outweighs the price effect:
A. an increase in output may increase the firm's profits. B. a decrease in output may increase the firm's profits. C. keeping output constant and raising price will increase the firm's profits. D. keeping output constant and lowering price will increase the firm's profits.
Some say in-kind transfers are inefficient because:
A. some of them get traded in a secondary market, implying inefficient distribution. B. everyone always prefers cash to goods and services. C. it's not what most people want. D. cash transfers allow utility-maximizing individuals to make the best decisions about items they need.