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Textbooks / Business / Econometric Analysis 5

Econometric Analysis 5th Edition - Solutions by Chapter

Full solutions for Econometric Analysis | 5th Edition

ISBN: 9780130661890

Econometric Analysis | 5th Edition - Solutions by Chapter

This textbook survival guide was created for the textbook: Econometric Analysis, edition: 5. The full step-by-step solution to problem in Econometric Analysis were answered by , our top Business solution expert on 03/13/18, 07:36PM. Since problems from 20 chapters in Econometric Analysis have been answered, more than 3184 students have viewed full step-by-step answer. This expansive textbook survival guide covers the following chapters: 20. Econometric Analysis was written by and is associated to the ISBN: 9780130661890.

Key Business Terms and definitions covered in this textbook
  • agent

    a person who is performing an act for another person, called the principal

  • agent

    a person who is performing an act for another person, called the principal

  • equality

    the property of distributing economic prosperity uniformly among the members of society

  • factors of production

    the inputs used to produce goods and services

  • financial markets

    financial institutions through which savers can directly provide funds to borrowers

  • free rider

    a person who receives the benefit of a good but avoids paying for it

  • human capital

    the accumulation of investments in people, such as education and on-the-job training

  • imports

    goods produced abroad and sold domestically

  • leverage ratio

    the ratio of assets to bank capital

  • marginal change

    a small incremental adjustment to a plan of action

  • market economy

    an economy that allocates resources through the decentralized decisions of many firms and households as they interact in markets for goods and services

  • market failure

    a situation in which a market left on its own fails to allocate resources efficiently

  • microeconomics

    the study of how households and firms make decisions and how they interact in markets

  • natural monopoly

    a monopoly that arises because a single firm can supply a good or service to an entire market at a smaller cost than could two or more firms

  • nominal interest rate

    the interest rate as usually reported without a correction for the effects of inflation

  • permanent income

    a person’s normal income

  • productivity

    the quantity of goods and services produced from each unit of labor input

  • proportional tax

    a tax for which highincome and low-income taxpayers pay the same fraction of income

  • unemployment insurance

    a government program that partially protects workers’ incomes when they become unemployed

  • union

    a worker association that bargains with employers over wages, benefits, and working conditions