The Nature of Dependent and Independent Variables in the Binary

question 34

Multiple Choice

The nature of dependent and independent variables in the binary logit model is similar to that in ________.

• A) discriminant analysis
• B) analysis of variance
• C) regression analysis
• D) multivariate analysis of variance

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Definitions:

Voluntary Quota

A self-imposed limit on the quantity of goods a country exports or imports.

Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in the price of that good.

Price Elasticity

The degree to which the demand for a good is responsive to changes in its price.

Tax Passed

Occurs when the burden of a tax is shifted from the entity legally responsible for it to another party, such as consumers.