Marymwangi633

Write your own thoughts on how going to college can benefit you in each of the following areas: - ANSWERS-1. Income- will increase your income 2. Knowledge- improve knowledge of the topic you wish to major in 3. Decision making- better train your mind to make quick/ effective decisions 4. Networking- the college has many students; meeting students will lead to having better connections for jobs 5. Independence- allows you to be more responsible and independent w/ household duties

How do differences in income levels and income distribution among countries affect international businesses? - ANSWERS- Income level provides clues to the purchasing power of residents. The technological sophistication of local production processes, and the status of the public infrastructure. One important source of income statistics is the World Bank, which divides the world's countries into high-income, middle-income, and low-income categories. High-income countries are those that enjoy an...

Which of the following has been reduced as a result of globalization? -environment and labor laws -foreign exchange transactions -volume of goods and services -regulation of markets -differences in material culture - ANSWERS-Differences in material culture

subcontract - ANSWERS-In the sports apparel industry, firms such as Nike and Reebok farm out nearly all their athletic shoe production to lower-cost foreign manufacturers. This type of sourcing is generally known as ______________________ back-office; front-office - ANSWERS-Business Process Outsourcing (BPO) can be divided into two categories: ___________________ activities and _______________________ activities which; where - ANSWERS-In undertaking outsourcing, managers face two key decis...

FCC - ANSWERS-Stands for Federal Communications Commission. The Telecommunications Act of 1996. The rule concerning restriction on viewers' ability to view programming from direct broadcast satellites, wireless cable, and television broadcast stations.

Most people don't know everything. So even though they make choices based on all the information available to them, that often doesn't include all the information there is. Their decisions are based on incomplete information.

Why do labor economists often find it difficult to estimate the ceteris paribus return to education, in terms of wage, using non-experimental data? - ANSWERS-a. Education level in non-experimental data is probably dependent on other omitted factors that also affect wage The term 'u' in an econometric model is usually referred to as the - ANSWERS-error term

In other words, that is the sample covariance(xi,yi)/sample variance(xi). B1hat equals the population covariance divided by the variance of x when E(u)=0 and Cov(x,u)=0. An immediate implication is that if x and y are positively correlated in the sample, then B1hat is positive, and B1hat is negative if x and y are negatively correlated in the sample. The main assumption in getting this value is that the xi in the sample are not all equal to the same value. Summation from 1 to n(xi-xbar)...

For joint hypothesis testing, explain why you cannot test the individual coefficients one at a time -- using the t-stat test? - ANSWERS-the size of the test, or the probability that you will reject Ho becomes too high because testing each coefficient one at time gives you too many chances to reject Ho where Ho is rejected too often

forward selection - ANSWERS-- start with base model - add one variable at a time - pick variable that maximizes R^2 across all the models - now have a new model containing this new variable - keep variable if coefficient on B1 is significant - repeat until you cannot add any new variables