Consider the Following Regression Equation: Y = β₀+β₁x₁+…β_kx_k+ U in Which

question 16

Multiple Choice

Consider the following regression equation: y = β₀+β₁x₁+…β_kx_k+ u In which of the following cases,the dependent variable is binary?

• A)y indicates the gross domestic product of a country
• B)y indicates whether an adult is a college dropout
• C)y indicates household consumption expenditure
• D)y indicates the number of children in a family

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Definitions:

Conservative Movement

An ideological and political movement advocating for traditional values, limited government, and free market principles.

Libertarians

Individuals who advocate for minimal governmental intervention in personal and economic matters, emphasizing personal freedom and autonomy.

New Conservatives

A political movement that emerged in the late 20th century, emphasizing traditional values, free-market capitalism, and a strong national defense.

Freedom

The state of being free, especially in terms of personal rights and liberty, unimpeded by oppression or arbitrary restrictions.