Which of the following types of relationships between a dependent variable y and an independent variable x is represented by a population regression line that resembles a horizontal line?
a. No linear relationship between the mean value of y and x
b. A negative linear relationship between the mean value of y and x
c. A positive linear relationship between the mean value of y and x
d. A normal relationship between the mean value of y and x
Ans: a. No linear relationship between the mean value of y and x
You might also like to view...
Refer to the table above. What is the total benefit that the consumer derives when he consumes 4 quarts of milk?
A) $8 B) $22 C) $24 D) $25
The optimal amount of air pollution is
A) found by equating the marginal benefits from reducing pollution by one more unit with the marginal costs of reducing pollution by an additional unit. B) found by equating the total benefits from reducing pollution by one more unit with the total costs of reducing pollution by an additional unit. C) found by setting the marginal benefits from reducing pollution by one more unit equal to zero. D) a meaningless concept since we cannot monetize the environment.
Which of the following is an example of a producer taking advantage of economies of scope?
a. A farmer buys more land so he can produce more soybeans. b. GM closes a Chevy truck plant in response to a decline in the demand for trucks. c. Disney World stays open later to serve more customers per day. d. A dairy farmer produces cow's milk and butter. e. A mouthwash firm expands production by improving management efficiency.
Investment spending, capital formation, and rapid technological progress are directly related
a. True b. False Indicate whether the statement is true or false