A strategic trade policy of questionable success was
A. Japan's elimination of tariffs on rice imports.
B. Iraq withholding oil from the world market.
C. Britain and France subsidizing AIRBUS.
D. U.S. consideration of legalizing marijuana.
Answer: C
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Globalization and growing technology have produced
A) more opportunities for low-skilled labor than for high-skilled labor. B) equal opportunities for low-skilled and high-skilled labor. C) outsized, exponential rewards for superstar talent. D) rewards for labor that have reduced income inequality.
The general answer to the question of choosing the scale of the variables is
A) dependent on you whim. B) to make the regression results easy to read and to interpret. C) to ensure that the regression coefficients always lie between -1 and 1. D) irrelevant because regardless of the scale of the variable, the regression coefficient is unaffected.