Which of the following reasons best explains why Julio mows his lawn, cleans up trash in his yard, paints his shutters, and does other maintenance projects on his house?
A. Scarcity
B. Opportunity cost
C. Property rights
D. Specialization and trade
Answer: C
Economics
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A. demand-C,I,G,NX B. available factors of production - capital, labor, etc. C. interest rates D. quantity of money
Economics
Whenever there is strong heteroskedasticity, it is preferable to use OLS rather than WLS, which may use a possibly misspecified variance function
Answer the following statement true (T) or false (F)
Economics