Which of the following statements is false?
A) Each country as a whole is made better off as a result of international trade, but individuals within each country may be made worse off.
B) Within each country, some individuals are made better off as a result of international trade, but one of the countries will be worse off overall.
C) Although some individuals may not be made better off as a result of international trade, both countries may be made better off overall.
D) Not all individuals in both countries are made better off as a result of international trade.
B
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Indicate for which of the following examples you cannot use Entity and Time Fixed Effects: a regression of
A) OECD unemployment rates on unemployment insurance generosity for the period 1980-2006 (annual data). B) the (log of) earnings on the number of years of education, using the Current Population Survey of 60,000 households for March 2006. C) the per capita income level in Canadian Provinces on provincial population growth rates, using decade averages for 1960, 1970, and 1980. D) the risk premium of 75 stocks on the market premium for the years 1998-2006.
Refer to Cost of Production. The short-run average cost of producing 60 units of output per week is
The following questions refer to the diagram below. The wage rate is assumed to be $12 per hour, the rental rate is assumed to be $6 per hour, and capital is assumed to be fixed in the short run at 10 hours.
a. $3 per unit.
b. $4.50 per unit.
c. $5 per unit.
d. $9 per unit.