Zero correlation between two variables implies that:
A) change in one variable causes the other to change.
B) both variables move in the same direction.
C) the variables are not related to each other.
D) both variables move in the opposite direction.
C
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A demand curve with an elasticity of 1.0 is said to be an elastic demand curve.
Answer the following statement true (T) or false (F)
Marginal cost curves and average cost curves are both purely upward sloping
a. True b. False Indicate whether the statement is true or false
Medicaid and food stamps are:
a. forms of cash assistance. b. forms of in-kind assistance. c. available only to families. d. counterproductive.
If a nation has "cheap" labor,
A. it can still benefit from trade. B. it is unlikely to have a comparative advantage in the production of goods that are highly capital intensive. C. it cannot have a comparative advantage in everything. D. all of the above are true.