Answer:
a. The intercept terms beta0 depicts the minimum amount of salary that a person will be earning if the person is not a college graduate. beta1 depicts that if a person is a college graduate, then the salary of the person increases by \beta 1 units.
b. The error term include all other variables impacting salary of the person other than the the person being a college graduate.
c. The independent variable X will be endogenous when salary plays an important role in determination of whether a person is college graduate.
d. yes, independent variable can be endogenous in some cases when dependent variable Y is impacting the independent variable X.
e. Endogeneity can lead to relaxation of one of the important assumption of Ordinary Least Squares (OLS) which considers independent variable to be endogenous. This will lead to the problem of multi collinearity. The Simultaneous Equation model can be used in this case rather than OLS model.
Explanation:
This younger generation was struggling to fulfill their physiological needs. The physiological needs, for your additional information, is the he need for shelter and food, and other basic needs. Due to the higher unemployment rate of persons aged 20–25, many had to settle for living at home <span>with parents until they found suitable employment and could afford to live on their own.</span>
Answer:
B. No.
Explanation:
We do not need to give a journal entry for a non-economic event. Non-economic event means where there are no monetary transactions. As the company hires new employees who will start working on March 6, it is an event, but we cannot value this event in monetary form. Therefore, no journal entry is required to post.
Answer:
$47,500
Explanation:
Given that,
Ending inventory = $5,500
Website maintenance = $7,200
Revenues = $65,000
Freight-in = $3,200
Import duties = $1,600
Marketing expenses = $14,000
Delivery expenses = $1,400
Purchases = $44,000
Beginning inventory = $4,200
Cost of goods available for sale:
= Beginning inventory + Purchases + Freight-in + Import duties
= $4,200 + $44,000 + $3,200 + $1,600
= $53,000
Cost of goods sold:
= Cost of goods available for sale - Ending inventory
= $53,000 - $5,500
= $47,500
Answer:
it can be reversed as the business cycle approaches the next peak.
Explanation:
The government should do as Josua stated millenia ago:
save in the seven good years to spend in the seven bad years.
The fiscal stimulus is good when there is no crowingout effect that is, the use of resource from the government do not compite with private demand. hat is true in recession. But; it is precisely what occurs at peak or near full employement. In that scenario the government should decrease their stimulus to aggregate demadn as will only be inflationary
