Most students expect that if they spend more time studying, the outcome will be improved grades in the course. This supposes that:
a. a positive relationship exists between studying and grades.
b. a negative relationship exists between studying and grades.
c. grades are independent variables
d. grades are not dependent variables.
a
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If the demand for a good is determined to be "unit elastic," then the elasticity measure
A) is greater than 1.0. B) is equal to 1.0. C) is less than 1.0. D) is infinite.
Everything else held constant, when the current value of the domestic currency increases, the ________ domestic assets ________
A) demand for; increases B) quantity demanded of; increases C) demand for; decreases D) quantity demanded of; decreases
Vertical relationships can increase profits through
a. preventing firms from evading regulation b. creating a double-markup problem c. making the incentives of manufacturers and retailers unaligned d. facilitating price discrimination
Opportunity cost is the highest possible price you can receive when you sell an object.
Answer the following statement true (T) or false (F)