Answer:
Explanation:
A. Solving for P yields P =0011dsiiuuγβββ−−+; thus 21(,)susCov P uσβ−=.Because Cov(P,u) ≠0, the OLS estimator is inconsistent.
B. We need an instrumental variable, something that is correlated with P but uncorrelated with us. In this case Q can serve as the instrument, because demand is completely inelastic (so that Q is not affected by shifts in supply). γ0can be estimated by OLS (equivalently as the sample mean of Qi
Answer:
$2,000
Explanation:
Compensatory damages can be claimed by a plaintiff in order to compensate for incurred losses or injuries. The plaintiff must prove that he/she suffered damages due to the defendant's negligence or unlawful conduct.
In this case, Dunlap lost $2,000 (= $5,000 - $3,000) because Foster didn't perform, so he can sue in a civil court to recover the $2,000.
Answer:
<u>Different assessment and goals.</u>
Explanation:
In this issue there is resistance to change related to evaluation and different objectives, as the production manager has made a decision to change production processes in order to increase efficiency, and one of his employees does not believe the idea. This is because there are different perspectives among employees in an organization, resistance to change affects each individual differently and leads them not to support significant changes that will change the process that already exists in the organization. It is usually related to individual beliefs and insecurity to novelties. To break barriers to resistance to change, it is essential that the manager adopt clear and direct communication and present the benefits linked to change.
Answer:
Increased education adds to the stock of human capital, not unlike building factories adds to the stock of physical capital.
Explanation:
Economic growth can be defined as a persistent increase in the real Gdp of a country overtime.
An increase in the quantity of labour doesn't always lead to economic growth.
An increase in the productivity of labor leads to economic growth.
Third world countries aren't usually rich in human capital. One of the measures of human capital is education. Education is usually deficient in third world countries.
Factors that lead to economic growth are :
1. Improvement in technology
2. Investment in physical capital.
3. Increased availability of natural resocurces.
4. Investment in human capital
I hope my answer helps you
