The linear probability model contains heteroskedasticity unless _____.
A. the intercept parameter is zero
B. all the slope parameters are positive
C. all the slope parameters are zero
D. the independent variables are binary
Answer: C
Economics
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Let the production function be q=ALaKb. The function exhibits increasing returns to scale if
A) a + b = 1. B) a + b > 1. C) a + b < 1. D) Cannot be determined with the information given.
Economics
If the U.S. dollar depreciates, it means that
a. the value of the U.S. dollar has increased. b. the value of foreign exchange has decreased. c. fewer U.S. dollars are required to purchase foreign exchange. d. more U.S. dollars are required to purchase foreign exchange. e. exports will immediately fall.
Economics