Use the Following to Answer Question

question 220

Multiple Choice

Use the following to answer question:
-(Figure: The Production Possibilities for Two Countries) Use Figure: The Production Possibilities for Two Countries.Indonesia has a comparative advantage in producing _____,while Malaysia has a comparative advantage in producing _____.

• A)both microchips and tires;neither good
• B)neither good;both microchips and tires
• C)microchips;tires
• D)tires;microchips

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Definitions:

Observations

Data points or items recorded during an experiment or research study.

Determination

The firmness of purpose or the process of establishing something exactly by calculation or research.

Goodness Of Fit

A statistical analysis to determine how well sample data fit a distribution from a population with a normal distribution.

Regression Equation

The equation that describes how the mean or expected value of the dependent variable is related to the independent variable; in simple linear regression, E(y) = b0 + b1x.