Which of the Following Statements Is False Regarding the Graph

question 78

Multiple Choice

Which of the following statements is false regarding the graph of the second-order polynomial model y = β₀ + β₁x + β₂x² + ε?

• A)If β₂ is negative,the graph is concave,while if β₂ is positive,the graph is convex.
• B)The greater the absolute value of β₂,the smaller the rate of curvature.
• C)When we plot x versus y,the graph is shaped like a parabola.
• D)All of these choices are true.

---

Definitions:

Government

The system or group of people governing an organized community, often a state or nation.

External Benefit

A positive effect or advantage that results from a product or service's production or consumption, which affects third parties not directly involved in the transaction.

Tax

A financial charge imposed by a government on individuals or entities, primarily to raise revenue for public expenditures.

Activity

Engagements or actions undertaken by individuals, businesses, or economies, often implying economic transactions or movements.