The Four Criteria That Are Frequently Used in Judging the Outcome

question 129

Multiple Choice

The four criteria that are frequently used in judging the outcome of economic policy are

• A) efficiency, equity, stability, and economic growth.
• B) efficiency, equality, stability, and economic growth.
• C) efficiency, equality, profitability, and stability.
• D) efficiency, equity, profitability, and stability.

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Definitions:

Y-intercept

The point where a line or curve intersects the y-axis of a graph.

Intercept

The value where a regression line crosses the y-axis, indicating the predicted value when all independent variables are zero.

Coefficient of Multiple Correlation

A statistical measure that represents the strength of the relationship between several independent variables and a single dependent variable.

Null Hypothesis

A statement in statistics that proposes there is no significant effect or difference, and any observed difference is due to sampling or experimental error.