According to Information Presented in the Textbook, Research by Economists

question 104

Multiple Choice

According to information presented in the textbook, research by economists Bloom, Draca, and Van Reenen revealed that imports from China were associated with not only lower consumer goods prices, but also a ______________ cost of inputs for domestic firms, a(n) ______________ in the variety of products those domestic firms sold, and a(n) _______________ in U.S. productivity.

• A)lower; increase; increase
• B)higher; decrease; increase
• C)lower; increase; decrease
• D)higher; increase; decrease
• E)lower; decrease; decrease

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Definitions:

Regression Analysis

A statistical method that investigates the relationship between a dependent variable and one or more independent variables to forecast outcomes or assess predictions.

Cost Equation

A mathematical formula that relates cost to its determinants, such as output level, activity level, or other cost drivers.

Delivery Costs

Expenses related to transporting goods from a seller to the purchaser, including shipping, handling, and packaging fees.

Regression Output

This is the result of regression analysis, typically showing the relationship between independent variables and the dependent variable.