Which situation best illustrates how global trade promotes specialization? A. A country focuses on producing luxury goods and imports most of its food instead of growing it. B. A country uses its own natural resources to produce all of the essential products its citizens need. C. A country produces a huge variety of goods to try to expert them to as many countries as possible. D. A country tries to protect local businesses by stopping its citizens from buying foreign products. Answer is
A. A country focuses on producing luxury goods and imports most of its food instead of growing it.

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Companies in the u. s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct