If U.S. consumers increase their spending on hybrid cars by 60 percent, and 60 percent more hybrid cars are produced, this is known as the

In Ordinary Least Squares Regression, the gap between the value of the dependent variable and the predicted value is called

A) the error term. B) the minimizing coefficient. C) the residual. D) the explanatory variable.

For a rational consumer, the consumer's surplus will never be a negative number

a. True b. False Indicate whether the statement is true or false