The R2 of a regression ranges from ________ to ________.
A) 0; 1 B) -1; 1 C) -2; 2 D) 0; 2
A) 0; 1
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In the United States, the payroll tax is also called a
a. dividend income tax. b. social insurance tax. c. value added tax. d. capital gains tax.
Assuming inflexible prices, if the demand for many goods and services falls across the entire economy and for ' an. extended period of time:
A)many firms will face with an inventory pile up and will be forced to cut production. B) many firms will face a constant reduction in their inventories and will be forced to hire more workers. C) many firms will face a constant reduction in their inventories. D) many firms will face with an inventory pile up and will be forced to hire more workers.
The actual benefit of a government subsidy is determined primarily by
a. the elasticities of demand and supply. b. the legal (or statutory) assignment of the subsidy c. the number of exchanges that are made possible as a result of the subsidy. d. whether the subsidy is paid by cash or check.
A tariff is a:
A. Tax B. Price ceiling C. Quantity limit D. Subsidy