Statement I: the U

question 91

Multiple Choice

Statement I: The U.S.has a high productivity rate and the world's largest economy,so there is no reason to be concerned with the current account deficit.
Statement II: The U.S.should be concerned about its large current account deficit because eventually foreigners will stop wanting to accept U.S.dollars.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Two-Way ANOVA

An extension of the ANOVA that assesses the effect of two different categorical independent variables on one continuous dependent variable.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, typically in the context of parameters estimated from sample data.

F Statistic

A ratio used in analysis of variance (ANOVA) tests to determine whether the group means are statistically different from each other.

Interaction

In statistics, the way in which two or more variables are related in a non-additive manner when affecting a response variable.