In Cluster Analysis,if the Range of the Variables Is Drastically

question 65

Multiple Choice

In cluster analysis,if the range of the variables is drastically different,then the

• A) standard error will be large
• B) cluster program will not be able to arrive at a solution
• C) variables with the largest ranges will dominate the solution
• D) the distance metric will exceed the level of aggregation

Predict the short-term and long-term effects of taxes on supply and demand.

Interpret graphs and tables to understand tax effects on markets.

Calculate the economic consequences of taxes, including tax revenue, deadweight loss, and the distribution of tax burdens.

Understand the concept of tax elasticity and its implications on tax burden sharing.

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