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If you were presented with the following information how would you write up the analyses for a main effect? Dr. Reel conducted a two-way analysis of variable with the consumption of alcohol (10 ounces, 16 ounces, or 24 ounces) and the presence of aggression (relational or overt) as the independent variables. There were 221 participants in the study. The output provided the following information: F score was 5.7 and the effect size was .06. The output also indicated that these results were significant.
Comparative Advantage
The capability of a person, business, or nation to generate a product or offer a service with a lesser opportunity cost compared to its rivals.
Absolute Advantage
The ability of an individual, company, or country to produce more of a good or service with the same amount of resources as others.
Production Possibilities
Production possibilities involve the various combinations of different goods or services that can be produced in a given economy with available resources and technology, illustrated by the production possibilities frontier.
Production Possibilities Curve
A graphical representation that shows the various combinations of two products that an economy can produce using all its resources efficiently.
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