In SAS,the ________ Program Can Be Used for the Hierarchical

question 15

Multiple Choice

In SAS,the ________ program can be used for the hierarchical clustering of objects or cases.

• A)VARCLUS
• B)CLUSTER ANALYSIS
• C)FASTCLUS
• D)HIERARCHICAL CLUSTER

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Definitions:

Efficiency Loss

Reductions in combined consumer and producer surplus caused by an underallocation or overallocation of resources to the production of a good or service. Also called deadweight loss.

Perfectly Inelastic

A situation where the demand or supply for a good or service remains unchanged regardless of changes in its price.

Excise Tax

Is a tax applied on the sale or production for sale of specific goods within a country.

Incidence

Refers to how the burden of a tax is distributed between buyers and sellers in the market.