In the panel regression analysis of beer taxes on traffic deaths, the estimation period is 1982-1988 for the 48 contiguous U.S. states
To test for the significance of entity fixed effects, you should calculate the F-statistic and compare it to the critical value from your Fq,? distribution, where q equals
A) 48.
B) 54.
C) 7.
D) 47.
Answer: D
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In the current year, a nation's government spending equals $15 trillion and its revenues are $20 trillion. Which of the following is TRUE?
A) The nation's national debt equals $5 trillion. B) This nation has a current year budget surplus of $5 trillion. C) This nation is currently running a budget deficit of $5 trillion. D) The nation has a current year trade surplus of $5 trillion.
Other things equal, similar resources in alternative uses will be paid
a. different amounts based on their different uses b. different amounts based on the alternative uses c. different amounts if resources are mobile d. similar amounts if resources are not mobile e. similar amounts if resources are mobile