Which of the following is likely to lead to a right shift in the supply curve for labor in an industry?
A) The introduction of labor-saving technology
B) A decrease in the opportunity cost of leisure
C) An increase in the number of immigrants from foreign countries
D) The introduction of labor-complementary technology
C
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Mortgages issued to individuals with low incomes and poor credit history are called
A) credit mortgages. B) teaser mortgages. C) subprime mortgages. D) income mortgages.
If you had a two regressor regression model, then omitting one variable which is relevant
A) will have no effect on the coefficient of the included variable if the correlation between the excluded and the included variable is negative. B) will always bias the coefficient of the included variable upwards. C) can result in a negative value for the coefficient of the included variable, even though the coefficient will have a significant positive effect on Y if the omitted variable were included. D) makes the sum of the product between the included variable and the residuals different from 0.