Answer:
<em>c. The reasoning of both Alfons and Mary suffers from the omitted variable problem</em>
Explanation:
The issue of omitted variables occurs as a result of mis-specification of a linear regression model, which could be either because the impact of the omitted variable on both the dependent variable is unclear, or the evidence was not accessible.
This causes you to omit the variable from your regression, resulting in over-estimation (upward bias) or underestimation (downward) of the influence of one of the other predictor variables.
The answer is B)<span> Older persons nearing retirement and needing to know what their income will most likely be during retirement
Option D, would be wrong since without the means to have a financial planning assistant would not really be able to achieve much aside from probably saving some more money.
However, older people who are nearing retirement are probably at the top of their careers and have a lot of savings in cash, bongs, stocks and maybe even property.
It is these kinds of people who can get maximum benefit from proper financial planning.
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Answer:
c) No change will occur in the market.
Explanation:
The correct option is : (c) No change will occur in the market
Reason: A price ceiling above the equilibrium price is a non binding price ceiling and it does not affect the market. No change in supply or demand occurs.
I'm assuming single means non-married, in that case your max repayment would be $1,250
