Ordinary Least Squares Regression analysis attempts to
A) maximize the distance of each point from a regression line.
B) select a line that fits the data well.
C) maximize the residual.
D) change a multivariate problem into a single dimension.
B
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Which of the following explains the ability of the U.S. economy to avoid diminishing marginal returns and experience accelerating growth in the early to mid-20th century?
A) immigration B) additions of a greater amount of capital of the same quality C) a decrease in the quality of labor D) continuing technological change
Which of the following are NOT liabilities on the Fed's balance sheet?
A) discount loans B) bank deposits C) deferred availability cash items D) U.S. Treasury deposits
As a result of a tariff on good X,
a. domestic producers of good X are better off because they sell more goods at a higher price. b. domestic producers of good X are better off because they sell more goods at the same price. c. domestic producers of good X are better off because they sell the same quantity of goods at a higher price. d. consumers of good X are better off because more domestically produced goods are available.
Considering perfect competition, monopolistic competition, and monopoly, which of the market structures can have positive profits in the short run?