In Regression Analysis, If the Dependent Variable Is Measured in Dollars

question 94

Multiple Choice

In regression analysis, if the dependent variable is measured in dollars, the independent variable

• A) must also be in dollars.
• B) must be in some units of currency.
• C) can be measured in any units.
• D) cannot be in dollars.

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Definitions:

Alfalfa

A perennial flowering plant often used as forage for livestock, valued for its high nutrient content and adaptability to diverse climates.

Trade Benefit

The advantages a country gains from engaging in international trade, such as access to a wider variety of goods and services, economies of scale, and increased market competition.

Produce Alfalfa

The process of cultivating and harvesting alfalfa, a perennial flowering plant used primarily as fodder for livestock.

Comparative Advantage

The capability of a nation or person to generate a specific product or service with a lesser opportunity cost compared to others.