If people who own cats tend to have fewer mice on their property, we can say there is a negative correlation between owning cats and having mice on your property.
Answer the following statement true (T) or false (F)
True
You might also like to view...
In the above figure, ________ will shift in the demand curve from D to D1
A) an increase in income if pizza is an inferior good B) a decrease in the price of a sub sandwich, a substitute for pizza C) buyers' expectation that pizza will be less expensive next week D) a scientific article published that demonstrates eating pizza is good for one's health E) a fall in the cost of producing pizza
Refer to Figure 4-5. What is the area that represents the portion of producer surplus transferred to consumers as a result of the rent ceiling?
A) D + E B) D C) D + F D) F
Assume that the central bank increases the reserve requirement. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and real GDP in the context of the Three-Sector-Model?
a. The real risk-free interest rate rises, and real GDP remains the same. b. The real risk-free interest rate rises, and real GDP falls. c. The real risk-free interest rate and real GDP remain the same. d. The real risk-free interest rate falls, and real GDP rises. e. There is not enough information to determine what happens to these two macroeconomic variables.
In the Bertrand model,
A. each firm takes the quantities produced by its rivals as given. B. one firm plays a leadership role and its rivals merely follow. C. each firm takes the prices charged by its rivals as given. D. prices are higher and quantities are slightly less than we would see if the firms colluded to achieve the monopoly outcome.