Binary variables
A) are generally used to control for outliers in your sample.
B) can take on more than two values.
C) exclude certain individuals from your sample.
D) can take on only two values.
Answer: D
Economics
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Indicate whether the statement is true or false
Economics
Use the above table. If these two countries, Alpha and Beta, specialize based on comparative advantage
A) Alpha will specialize in cookies, and Beta will specialize in coffee production. B) Alpha will specialize in producing both items. C) Beta will specialize in producing both items. D) Alpha will specialize in coffee, and Beta will specialize in cookies.
Economics