Collinearity Is a Situation in Which Independent Variables Are Heavily

question 42

True/False

Collinearity is a situation in which independent variables are heavily correlated with each other.

---

Definitions:

Clayton Act

The federal antitrust law of 1914 that strengthened the Sherman Act by making it illegal for firms to engage in certain specified practices including tying contracts, interlocking directorates, and certain forms of price discrimination.

Wagner Act

Officially known as the National Labor Relations Act of 1935, it is a foundational statute of United States labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action including strikes.

FTC Act

A federal law established to prevent unfair methods of competition, and unfair or deceptive acts affecting commerce.

Celler-Kefauver Act

The federal law of 1950 that amended the Clayton Act by prohibiting the acquisition of the assets of one firm by another firm when the effect would be less competition.