Which of the Following Is an Advantage of a Value

question 25

Multiple Choice

Which of the following is an advantage of a value added tax (VAT) compared to a final tax on retail sales?

• A) The VAT may lead to higher revenue collected because even if no sales takes place, the government collects tax revenue at earlier stages of production.
• B) The VAT is a more equitable tax system because the tax burden is shared by every participant in the production process and by the final consumer.
• C) The VAT encourages productive behavior because each producer bears a smaller portion of the total tax imposed on a product.
• D) The VAT reduces a nation's trade deficit.

Develop the ability to select the correct statistical test based on the study design and data characteristics.

Understand the concept of residuals in regression analysis.

Interpret the coefficients of a regression equation.

Understand and apply the coefficient of determination (R-squared) to assess the fit of a regression model.

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Definitions:

ANCOVA

Analysis of Covariance, a statistical technique used to adjust the effects of one or more quantitative independent variables while comparing the means of two or more groups.

Path Analysis

A specialized form of multiple regression analysis used to describe the directed dependencies among a set of variables.

Path Analysis

A statistical technique used to describe the directed dependencies among a set of variables.

Multivariate Analysis

A set of statistical techniques used to analyze data that involves more than one variable, understanding the effect and relationships among them.