If a Simple Least Squares Regression Model Is Developed Based

question 54

True/False

If a simple least squares regression model is developed based on a sample where the two variables are known to be positively correlated, the sign on the regression coefficient will be positive also.

---

Definitions:

Individual Producers

Entities or persons that create goods or provide services in an economy, ranging from small businesses to large corporations.

Single Tax

A system where only one type of tax is levied, often proposed as a land value tax where only the value of land itself is taxed, excluding the value of buildings or improvements.

Land

A factor of production that refers to the natural resources used to produce goods and services.

Economist

A professional who studies, develops, and applies theories and principles of economics to understand how economies function and to inform policy.