Regressional analysis that analyzes the relationship between one dependent variable and one independent variable is called:
A) simple regression analysis.
B) correlation analysis
C) multiple regression analysis.
D) cluster analysis.
A
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What is the most likely effect of the development of cell phones on the pay phone industry?
a. the own price elasticity of pay phones increases b. the own price elasticity of pay phones decreases c. the price elasticity of home phones does not change d. none of the above
Specialization occurs when workers are assigned particular work based on their gender
a. True b. False Indicate whether the statement is true or false
Which of the following best explains how an economy could simultaneously experience high inflation and high unemployment?
A) The government increases spending without increasing taxes B) The government increase taxes without increasing spending C) Inflationary expectations decline D) Women and teenagers stay out of the labor force E) Negative supply shocks cause factor prices to increase
The price elasticity of supply is calculated by:
A. dividing the percentage change in quantity supplied by the price. B. dividing the percentage change in income by the percentage quantity supplied. C. dividing the percentage change in price by the percentage quantity supplied. D. dividing the percentage change in quantity supplied by the percentage change in price.