Answer:
True
Explanation:
Firstly, we need to understand what a regression model is?
A regression model is a mathematical tool that is used to show the extent of agreement between the dependent and the independent. To show the extent of this agreement, it tends to take into consideration several independent variable that affect the dependent variable.
The regression model can be based on one independent variable or several independent variables. When based on one independent variable, this is a simple linear regression model. If it is a case where we are considering more than one independent variable, it is a multiple regression model.
Now a very good regression model will take into account the fewest number of dependent Batman
requires looking at the costs of a company's internally performed activities and the costs of its suppliers and forward channel allies (distributors/dealers).
Answer: Option A.
<u>Explanation:</u>
In today's world, the competition in the market for all the goods and the services has increased a lot and has gone cut throat competition. Substitutes of almost everything is available to the consumers.
So for this the producers should make sure that they are not charging high for a product else they might lose the customers and the race in the market. They should try to reduce the price of the goods as much as possible.
Answer:
The answer is C. a straight line with a negative slope.
Explanation:
this happens only if the production factors required to produce both goods/services considered are homogenous. but this rarely happens in real world scenarios.
Moreover, in a case like this, the production of one good can not be increased without sactrificing an eqaul ammout of production from the other good.
Answer:
d. Government should use fiscal policy to try to stabilize the economy.
Explanation:
Suggesting that the government should use fiscal policy to try to stabilize the economy generates the greatest amount of disagreement among economists because the process of implementing fiscal policy usually experiences lag as it is being slowed down by the political system (bureaucracy) of checks and balances.
Fiscal policy is the use of government expenditures, revenues and tax policies to influence macroeconomic conditions such as employment, inflation and Aggregate Demand (ADl in a specific country.
The benefits of fiscal policy is that investments, savings and growth is usually influenced in the long-run while it basically influences aggregate demand for goods and services in the short-run.