Answer the following in the space provided Wat are the attributes of a "good" econometric model? B) What are the consequences of omitting a relevant variable(s) from a model? C) What are the consequences of including irrelevant variables in a model?

Manufacturing industry, type of business makes physical goods that customers can see or touch. Thus, option (c) is correct.

The term business refers to the earning the profit. The business is the taking the risk and the earning the profit. The business are the mainly focuses to the activity of the creating, distribution and selling concept based.

Manufacturing industry is a type of business that can produced the goods (product) are tangible form. Manufacturing industry produced two types of goods such as consumer goods and industrial goods. Customer can easily touch and feel the product.

As a result, the significance of the type of business makes physical goods that customers can see or touch are the aforementioned. Therefore, option (c) is correct.

Learn more about on business, here:

https://brainly.com/question/15826771

#SPJ1

Based on the law of demand and supply, in most cases, if prices are INCREASING, this will be a signal for consumers to Demand Less of that product, while businesses will Supply More of that product

The law of quantity demand state that the higher the price, the lower the demand, and vice versa.

Also, the law of quantity supply state that the higher the price of the commodity, the higher the quantity supply, and vice versa.

Therefore, in this case, it is generally believed that if prices are INCREASING, this will be a signal for consumers to Demand Less of that product, while businesses will Supply More of that product.

Hence, in this case, it is concluded that the correct answer is option C "Demand Less; Supply More."

Learn more about the Effect of Price on demand and supply here: https://brainly.com/question/4804206

#SPJ1

Answer:

There is a need to increase the demand in market for both goods and services.

There is a need to attract foreign investors

As societies modernize, mortality rates fall while birth rates remain high leading to high population growth rates.

Higher population growth may be beneficial in high-income countries where there is currently a tendency for population growth rates to decline

Development in agriculture, better techniques to grow more and better quality food.  Food available at all the times due to better storage conditions. So people do not die of starvation when food is not available.

Explanation:

High population growth may be desirable ​ in the market, investors, societies, high-income, and agriculture.

The population is the number of people residing in a certain area. Estimating the population enables us to determine how many beings there are and how best to respond.

Learn more about population, Here:

https://brainly.com/question/27991860

#SPJ2

Answer:

being a leader is important

Explanation:

being a leader is important because when people see that your a leader its  so they can onder stand whats going on  they need to see the inside of you

Answer:

Option C

Explanation:

Gross Salary of Jacob  = $ 8000

Federal tax paid by him = 10% of $8000 = $800

State tax = 5% of $8000 = $400

FICA rate = 7.65% of $8000 = $612

Net Pay of Jacob = $ 8000 - $800 -$400-$612

= $6188

Hence, option C is correct

Outsourcing is considered to be a popular and controversial way to address internal cost inefficiencies.

Outsourcing involves contracting out specific business functions or processes to external vendors or service providers. It is often done to reduce costs, increase efficiency, and focus on core competencies. By outsourcing non-core activities, companies can benefit from specialized expertise, access to advanced technologies, and cost savings through economies of scale. However, outsourcing can also be controversial as it may lead to job losses, dependency on external providers, and potential quality control issues. The decision to outsource is typically based on a thorough analysis of costs, risks, and potential benefits for the organization.

Learn more about outsourcing here:

https://brainly.com/question/28915776

#SPJ11

Answer:

Soft skills are personal qualities and attributes that are not related to specific knowledge or technical skills, but rather to the way a person interacts with others and approaches tasks and challenges. Some examples of common soft skills that may be important at university and in the workplace include:

Communication skills: The ability to express oneself clearly and effectively, both in written and oral form, is important at university and in the workplace. This includes being able to listen actively and understand others' perspectives, as well as being able to articulate one's own ideas and opinions.

Collaboration skills: The ability to work well with others is important in both educational and professional settings. This includes being able to contribute effectively to group projects and discussions, as well as being able to resolve conflicts and negotiate solutions with others.

Problem-solving skills: The ability to think critically and creatively, and to come up with effective solutions to problems, is important in both academic and professional contexts. This includes being able to identify and analyze problems, generate and evaluate potential solutions, and implement and follow through on the chosen solution.

Time management skills: The ability to manage one's time effectively is important in both academic and professional settings. This includes being able to prioritize tasks, set and meet deadlines, and manage workload effectively.

Interpersonal skills: The ability to build and maintain positive relationships with others is important in both educational and professional contexts. This includes being able to work well with a diverse range of people, being able to empathize with others, and being able to handle difficult situations and conflicts in a professional manner.

We can always accomplish the same thing by bringing each cash flow forward or backward in time using material from the last lesson.

This concept relates to the time value of money, which states that the value of money changes over time due to factors such as inflation and interest rates. By adjusting cash flows forward or backward, we can calculate their present or future values, making it easier to compare and analyze different cash flows.

For instance, when calculating the net present value (NPV) of a project, we bring all cash inflows and outflows to the present using a discount rate. Conversely, we can calculate the future value of cash flows by moving them forward in time using an interest rate. Both present and future value calculations help in evaluating investments and making informed financial decisions.

In summary, adjusting cash flows forward or backward in time allows us to understand their value in a specific time frame, which is essential for effective financial planning and decision-making.

Learn more about net present value (NPV) here: https://brainly.com/question/30404848

#SPJ11

Answer with Explanation:

It depends upon the college or university you choose. If you are choosing a foreign college or university then following are the possible minimal pre-requisites:

San Jose, California-based eBay Inc. supports consumer-to-consumer and business-to-consumer sales through its website. Pierre Omidyar established eBay in 1995, a dot-com bubble success.

As of this year (2019), eBay is a multibillion-dollar company that has a presence in around 32 nations. The corporation is responsible for running eBay, a global online marketplace where users purchase and sell a wide range of products and services.

Buyers don't have to pay anything to use the site, but sellers have to pay to list products once a certain number of free ones have been used up, and then another price when the items are sold.

To know more about eBay:

https://brainly.com/question/30517190

#SPJ4

Answer:

The wheel is considered to be man's greatest invention

Explanation:

And the printing press

Answer:Its B

Explanation:Banks also earn money from interest they earn by lending out money to other clients.Banks make money from service charges and fees

The bal() function that is going to balance the loan after a period of 9 years would be  A. bal(108)

The question tells us that the loan balance would be calculated after the period of 9 years.

We have 12 months yearly in all of these 9 years.

Hence the function would be bal(12*9)

= bal(108)

Read more on functions here:

https://brainly.com/question/25638609

#SPJ1

Option b is correct. To measure a business buyer's likelihood of purchase, marketers need to establish relationships between variables available in industry classification data such as: Number of employees and size of potential customer purchases.

A person or business that purchases goods or services from another business is called a customer. Consumers are important to businesses because they generate income. Without them, they would cease to exist.

No matter what industry you are in or what services or products you offer, your customers are the most important aspect of your business. There are no sales without customers. Therefore, it is important when crafting marketing strategies and messages.

Buyers of industrial equipment are most likely to use sampling as a purchasing method. Fed Bid is an online reverse auction site for government agencies. A reverse auction is initiated by buyers who invite companies to bid against each other to provide specified goods or services.

A target market is a specific group of people with common characteristics to whom a company sells its products or services. Companies use target markets to fully understand their potential customers and develop marketing strategies that help them achieve their business and marketing goals. 

Know more about customer here:

https://brainly.com/question/29843998

#SPJ4

Answer: $375,000

Explanation:

Given the following :

Selling price = $100

New variable cost per unit =$(70 - 10) = $60

New fixed cost = $150,000

Break-even point in dollars:

Fixed costs/Contribution margin ratio

contribution Margin Ratio

[(selling price per unit - total variable cost per unit) /selling price per unit]

= [($100 - $60) / $100]

$40 / $100 = 0.4 = 40%

Break-even point in dollars:

$150,000 / 0.4 = $375,000

Tourism windfalls for mega events are often overstated, as seen during the 2006 World Cup in Germany. overstatement of tourism windfalls for mega events, specifically citing the example of the 2006 World Cup in Germany where hotel occupancy rates dropped despite large numbers of visitors.

Tourism windfalls for mega events are often overstated, as seen during the 2006 World Cup in Germany. Despite the expected large numbers of visitors, hotel occupancy rates actually dropped. This indicates that the initial projections and expectations regarding the boost in tourism were not met. There could be various reasons for this, such as high hotel prices, inadequate marketing strategies, or alternative accommodation options chosen by visitors. The drop in hotel occupancy rates during the World Cup suggests that the actual impact of mega events on tourism might not always align with optimistic predictions.

Learn more about windfalls at

brainly.com/question/33249641

#SPJ11

Possible ways to track down your energy usage are: Some possible ways to track down your energy usage are through the use of power strips, smart plugs, energy monitoring devices, and utility bills. These methods enable you to measure your electricity consumption so you can reduce it effectively.

In my opinion, it is more appropriate to investigate energy usage per month because it can give you a better perspective on how much energy you consume. You'll have a more detailed overview of your energy usage if you track it over a longer period.

Estimate energy usage for devices that you are not the sole user of by averaging the time that different people use them and multiplying that by the energy consumption of the device. If the device is on all the time, you may need to estimate based on the average number of hours per day that the device is turned on.

Appropriate ways to organize your data include sorting your data by device, usage frequency, energy usage, and time spent using each device. You may want to create a spreadsheet to keep track of your energy usage data for each device, so you can quickly and easily compare the energy usage of different devices.

If you prefer, you can also use an energy monitoring app or device to track your energy usage for each device.

To know more about energy visit:

https://brainly.com/question/1932868

#SPJ11

Answer:

Here are the journal entries for the given transactions:

a) Sold goods to Kriti on credit costing Rs. 8,000 for Rs. 10,000.

Debit: Accounts Receivable (Kriti) 10,000

Credit: Sales Revenue 10,000

Debit: Cost of Goods Sold 8,000

Credit: Inventory 8,000

Copy

b) Paid salary in advance Rs. 15,000.

Debit: Prepaid Salary 15,000

Credit: Cash 15,000

Copy

c) Rent outstanding Rs. 2,000.

Debit: Rent Expense 2,000

Credit: Accrued Rent Payable 2,000

Copy

d) Purchased furniture for Rs. 12,000 giving Rs. 4,000 in cash and balance on credit.

Debit: Furniture 12,000

Credit: Cash 4,000

Credit: Accounts Payable 8,000

Copy

e) Furniture purchased and paid by cheque rs10,000.

Debit: Furniture 10,000

Credit: Cash (or Bank if paid by cheque) 10,000

Answer:

lower long-run wage, and long-run employment is lower.

Explanation:

Answer:

c. a downward-sloping straight line.

Explanation:

In case when there is a three for one tradeoff lies between the X goods and Y goods so the curve of PPF should be fall sloping contains straight line. This slope should be downward as it generated more and more of one goods and it could be sacrificed for the other good and the reason of the straight line is that here the opportunity cost would remain the same or constant

Therefore in the given case, the correct option is C.

A straight line, downward - sloping demand curve often mean that, as price falls, there is an elasticity of demand. If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is a Downward-sloping straight line.

It is simply known as where one thing increases, another have to decrease. it often arise from limitations of a lot of source.

It is often called a tactical or strategic choice made with full knowledge of the advantages and disadvantages of each decision.

learn more from

https://brainly.com/question/8475898

The theoretical basis of measuring efficiency under a perfectly competitive market is that all market participants have equal access to information. The assumptions made in answering Q1 are that all market participants have equal access to information. If these assumptions are not valid, market efficiency would be affected.

Q1. Market efficiency is a measure of how accurately and quickly a market adjusts to new information and reflects it in asset prices. In this scenario, asset prices would immediately reflect all available information, and any further changes in price would only occur due to new information becoming available. This means that there would be no opportunities for arbitrage, as asset prices would always accurately reflect their intrinsic value.
Q2.  For example, if some market participants have access to privileged information, they would be able to profit from this information before it is reflected in asset prices. This would create opportunities for arbitrage and lead to inefficient markets. Similarly, if market participants do not act rationally in response to information, asset prices may not accurately reflect their intrinsic value, leading to inefficient markets. Therefore, the assumptions of equal access to information and rational behavior are crucial for measuring market efficiency.

To know more about efficiency visit:

https://brainly.com/question/30280642

#SPJ11

Answer:

Explanation:

To determine whether Bryce can afford his dream house with a credit score of 760 and a $75,000 down payment, we would need to know the purchase price of the house, as well as other financial details such as his income, debt, and expenses. Without this information, it is impossible to determine if Bryce can afford the house.

However, having a credit score of 760 and a large down payment can improve his chances of getting approved for a mortgage loan and potentially getting a lower interest rate, which would make his monthly payments more affordable.

If Bryce can afford the mortgage payments, property taxes, and other associated costs of owning a home with a credit score of 760 and a $75,000 down payment, then he may be able to afford his dream house.

When a court tries the issues that were resolved through arbitration anew, as if no arbitration occurred, it is known as "de novo review."De novo review refers to a situation in which a court reviews an arbitration award as if there had been no prior arbitration.

This means that the court will consider the evidence and arguments presented in the arbitration and make its own independent determination of the facts and law, without giving deference to the arbitration award. In the context of the review of statutorily mandated arbitration, de novo review may occur when a party to the arbitration challenges the validity of the arbitration award or argues that the award was based on errors of law or fact. In such cases, the court may conduct a de novo review to determine whether the arbitration award should be confirmed, modified, or set aside. It's important to note that de novo review is not the standard form of review for arbitration awards and is generally only available in limited circumstances, as provided by statute or agreement of the parties. In most cases, courts will give deference to arbitration awards and will only set aside an award if there is clear evidence of bias, fraud, or other misconduct by the arbitrator, or if the award is contrary to public policy.

TO learn more about de novo review here:

https://brainly.com/question/8773628

#SPJ4

Why Internet is a boon :-

Because of internet, world has became a global village.

Internet encourages freedom of speech.

Internet is empowering everyone including those who are residing at remotest places.

Internet has created a lot of opportunities that weren’t there before. It created a lot of jobs.

Education got globalized. Students can take any course in any college through E-learning.

New innovations and resources can now be shared easily.

Transfer of files was made easy.

There is no limit to store information in the internet.

Communication has never been this easier.

We can pay bills or buy items from home, that would have required to go outside otherwise.

We can find information about anything.

We can develop our skills through many free courses available in internet.

Internet can be used for entertainment such as playing video games, watching movies etc.

The scope of gossips on celebrities is reducing because now celebrities are able interact with fans directly through social media.

Why Internet is a bane :-

According to researchers, our concentration levels are decreasing with the overwhelming usage of internet as we are concentrating on a lot of things at the same time.

Our memory power is reducing. With the growing usage of internet, we are not using our minds as much as we did when there was no internet. We used to store a lot of information in our minds and we used do simple math without using our phones etc.

The present generation has way too many distractions because of internet.

Lack of security, because hackers can easily theft data or can manipulate it.

Face to face communication has reduced.

Everyone can express their own views. But lots of misleading information too available in the internet. Children and youth can easily be misled by that.

Through Internet, viruses and malware spread easily and total data can get corrupted.

Many waste their precious time on internet.

Gossips spread easily. The privacy of celebrities is diminishing.

Internet addiction is now one of the modern world problems.

Conclusion :-

Internet is definitely a boon. It brought the world closer and made our lives easier. We should utilize technology to compete with this fast world. But every coin has two sides. It’s up to us to receive good and to leave bad.

Answer:

$286.5

Explanation:

Given the following:

Principal (P) = $20,500

Period(n) = 72 months

Rate(r) = 0.2% = 0.002/12 = 0.000166666666

Monthly payment (M) =?

M = P [ r / (1 - (1 + r)^-n) ]

M = 20500[(0.000166666666) / (1 - (1+0.000166666666)^-72)

M=20500[(0.000166666666) / 1 - (1.000166666666^-72)

M= 20500[(0.000166666666) / 0.01192729912821

M = $20500 [ 0.01397354624952]

M = $286.457698115328

M = $286.5

Answer: The Medicare tax rate is 1.45% of an employee's gross income. The Medicare tax, which is a charge on both employers and employees, is paid by both.

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

Read more on jobs here: https://brainly.com/question/26355886

#SPJ1

Explanation:

In a command economy, the system is controlled by the government. A mixed economy is partly run by the government and partly as a free market economy, which is an economic system that includes no government intervention and is mainly driven by the law of supply and demand.