Which of the following sayings best represents the concept of opportunity costs?
a. "A glass can be half empty or half full."
b. "When in Rome, do as the Romans do."
c. "There is no such thing as a free lunch."
d. "No taxation without representation."
e. "What's up?"
c
Economics
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Heteroskedasticity- and autocorrelation-consistent standard errors
A) result in the OLS estimator being BLUE. B) should be used when errors are autocorrelated. C) are calculated when using the Cochrane-Orcutt iterative procedure. D) have the same formula as the heteroskedasticity robust standard errors in cross-sections.
Economics
A bond’s price is sensitive to changes in
A. the interest rate. B. the accepted rate of return on investment. C. investor confidence in the stability and credit worthiness of the firm. D. All of these responses are correct.
Economics