What variables to include in x

Assignment Help Business Economics

Reference no: EM1371624

Q. What variables to include in x? What functional form to use; should x include higher order, interaction terms of variables? CIA will certainly hold if x includes all variables that determine both outcomes and participation, but is this required?

Q. An Economic Decision: A nomadic caveman is caught out in rain. He comes across enough wood to build a shelter or make a fire, but not both. Which does he choose?

Reference no: EM1371624

Questions Cloud

What distinguishes public goods from private goods : What are external costs associated with cellular phone usage in automobiles. external benefits. What is difference between private and social costs. What distinguishes public goods from private goods.

Explain the nonprofessional jobs at a nursing home : Explain The nonprofessional jobs at a nursing home are often hard to fill and there can be a lot of employee turnover

Will household be better or worse off under new program : Suppose that average household in a state consumes 800 gallons of gasoline per year. A 20-cent gasoline tax is introduced, coupled with a $160 annual tax rebate per household. Will household be better or worse off under new program.

Explain taking away the secret ballot election process : Explain taking away the secret ballot election process for union organizing and deprive employees of their democratic rights and Take a position, pro or con and explain your position

What variables to include in x : What variables to include in x. What functional form to use; should x include higher order, interaction terms of variables.

Reducing production cost in recession : As the employer who wants to reduce the production cost during the economic recession, he or she could choose to (1) lay off some workers without changing wages or (2) keep all workers but cut wages for all.

Why might a production function exhibit decreasing : If it causes output to increase by more than 10 percent, production function is said to exhibit increasing returns to scale. Why might a production function exhibit decreasing or increasing returns to scale.

Analysis a recent business periodical and report : Analysis a recent business periodical and report (briefly) on some ethical problem in the news

Explain federal reserve will be less raise interest rate : If economy is operating at full employment and exchange rate increases explain why Federal Reserve will be less inclined to raise interest rate.

User Account

All Pages