The Unintended Negative or Positive Effects of Business Activity Are

question 24

Multiple Choice

The unintended negative or positive effects of business activity are called by economists

• A)Fall out
• B)Externalities
• C)Indemnities
• D)Secondary effects

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Definitions:

Squared Deviations

The squared differences between individual values and the mean of a dataset, used in statistical analysis to measure variance.

Scatter Diagram

A visual depiction employing points to illustrate the connection between two numerical variables.

Cov(X,Y)

The covariance between two variables X and Y, measuring how changes in one variable are associated with changes in the other.

Sample Slope Coefficient

A parameter in a linear regression equation that represents the change in the dependent variable for a one-unit change in the independent variable.