A 2x3x4 Factorial Design Has _____ Potential Main Effects

question 6

Multiple Choice

A 2x3x4 factorial design has _____ potential main effects.

• A)2
• B)3
• C)4
• D)24

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Definitions:

World Price

The international market price of a good or service, determined by the global supply and demand forces.

Export Supply Curve

A graphical representation showing how the quantity of goods a country exports changes in response to different prices on the international market.

Domestic Price

The price of goods or services within a country's borders, influenced by domestic demand and supply, excluding international factors.

Import Demand Curve

The import demand curve represents the relationship between the quantity of a good that a country imports and the price of that good.