TABLE 14-17 Given Below Are Results from the Regression Analysis Where the Where

question 332

Multiple Choice

TABLE 14-17
Given below are results from the regression analysis where the dependent variable is the number of weeks a worker is unemployed due to a layoff (Unemploy) and the independent variables are the age of the worker (Age) and a dummy variable for management position (Manager: 1 = yes,0 = no) .
The results of the regression analysis are given below:
-Referring to Table 14-17,which of the following is a correct statement?

• A)On average,those who are in a management position are estimated to stay jobless shorter by approximately 1.4448 weeks while holding constant the effects of age.
• B)On average,those who are in a management position are estimated to stay jobless longer by approximately 1.4448 weeks while holding constant the effects of age.
• C)On average,those who are in a management position are estimated to stay jobless shorter by approximately 22.5761 weeks while holding constant the effects of age.
• D)On average,those who are in a management position are estimated to stay jobless longer by approximately 22.5761 weeks while holding constant the effects of age.

Comprehend the principles of market failures, including externalities and inefficiencies.

Differentiate between economic systems (capitalism, socialism, communism) and their approaches to production and distribution.

Recognize the role of government in correcting market failures and providing public goods and services.

Identify the factors that contribute to government failures and their implications.

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