True, false, or uncertain: technical efficiency leads to allocative efficiency. Please explain why and include the definition of technical efficiency and allocative efficiency in the answer
True, false, or uncertain: technical efficiency leads to allocative efficiency. Please explain why and include the...
Please answer true / false / uncertain to the statement and EXPLAIN THE ANSWER. Whenever there is a true causal effect, our estimates of that causal effect will always be statistically significant.
Please answer true / false / uncertain to the statement and EXPLAIN THE ANSWER. If the relationship between variables y and x has “jumps” and “kinks,” then it cannot be described with a linear model.
Please state true false or Uncertain. Please explain in 3 or more sentences on why you choose it: 1) A central bank that targets inflation would conduct an expansionary monetary policy when faced with a recessionary gap. 2)If the policy response discussed in A6-7 is mistimed, it risks becoming pro-cyclical rather than stabilizing.
Please answer true / false / uncertain to the statement and EXPLAIN THE ANSWER. Measurement error in the dependent variable has no effects on the results of a regression. It only matters when it is present in the explanatory variables.
Explain why the following statements are either True/False/Uncertain and why. B1. Suppose a country's production possibility boundary (PPB) is shown in the following diagram For any production point on the PPB, the slope of the PPB is -x. If the world price of good r is 5 units of good y, then the country should produce zero units of good r and 50 units of goo good y 50 10 goodr B2. A carbon tax will be more effective at...
True/False/Uncertain. For each question, answer “True” or “False” or “Uncertain” and explain your answer. (1) In any game between two firms that is repeated only once, the outcome will be perfect competition (P=MC). (2) Suppose that regulators decide to increase the gasoline tax by 25 cents per gallon to combat global warming. Then consumers will pay substantially more for every gallon of gas they purchase.
Indicate whether the following statements are true/false/uncertain. Why or why not? Explain your answer clearly and concisely. [5 points] The social gradient in health is explained primarily by common, behaviour-based risk factors for disease. [5 points] The concept of need in healthcare derives from the presence of externalities in healthcare markets.
True, False, Uncertain [18 marks - 6 marks each] Explain why each statement is true, false, or uncertain. 1. The opportunity cost of a point in the interior of the production possibilities set is equal to zero 2. If a country has absolute advantages in the production of all goods, then no trade will take 3. There is a commercial ban on trading ivory, but a black market has developed. Ivory from up because resources are being used efficiently. place....
Evaluate ALL of the following statements as either TRUE, FALSE, or UNCERTAIN, and EXPLAIN your answers carefully. Each question is worth 10 marks, and each answer should be approximately one page long. Please illustrate your answers with diagrams and/or algebra when appropriate. 2. According to search and matching theory, an improvement in the efficiency of the matching process will decrease both unemployment and unfilled vacancies in the long run equilibrium.
Please answer true or false. If false, explain why.