A binary variable is often called a
A) dummy variable.
B) dependent variable.
C) residual.
D) power of a test.
Answer: A
You might also like to view...
Immigration accounts for what percentage of the annual growth in the U.S. labor force in recent years?
A. About 10 percent B. About 25 percent C. About 33 percent D. About 50 percent
Refer to Table 8-9. Suppose that the above table represents the goods and services produced in a very simple economy in 2016. Assume that steel is used as an input in the production of autos. Using that information, calculate GDP for the year 2016
What will be an ideal response?
If Happy Chickens sells its eggs only in 12 carton packages, this is an example of ________.
A) linear pricing B) two-part pricing C) commodity bundling D) an all-or-nothing offer
Microeconomics examines the
A) total household expenditures. B) behavior of the economy as a whole. C) aggregate business spending. D) decision making undertaken by individual households.