In sophisticated analysis of rent differences
a. quality of land is assumed away.
b. quality of land is recognized and considered.
c. rates of return are assumed away.
d. returns on land and capital are assumed to be similar.
b
You might also like to view...
Explain what is meant by the "double taxation of dividends"?
What will be an ideal response?
Using 143 observations, assume that you had estimated a simple regression function and that your estimate for the slope was 0.04, with a standard error of 0.01
You want to test whether or not the estimate is statistically significant. Which of the following possible decisions is the only correct one: A) you decide that the coefficient is small and hence most likely is zero in the population B) the slope is statistically significant since it is four standard errors away from zero C) the response of Y given a change in X must be economically important since it is statistically significant D) since the slope is very small, so must be the regression R2.