An estimated regression coefficient is 10 with a standard error of 5. The null hypothesis is that the partial regression coefficient equals one. What is the value of the t-statistic for testing the null hypothesis of the regression coefficient?

The Golden Rule capital—labor ratio is the level of the capital—labor ratio that, in the steady state,

A) maximizes output per worker. B) maximizes investment per worker. C) maximizes consumption per worker. D) maximizes capital per worker.

Explain the concept of liquidated damages with an example