Question: TRUE OR FALSE 1. If we are estimating the factors affecting the demand for brown rice cookies: the effects of income, price of the good

TRUE OR FALSE

1. If we are estimating the factors affecting the demand for brown rice cookies: the effects of income, price of the good and prices of substitutes and complements are estimated more precisely if the corresponding standard errors of the coefficient estimates are higher.

2. The primary objective of business is to pay taxes to the government.

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