The relationship between two variables is positive when _____ and the relationship between two variables is negative when _____
A. one variable increases and the other? decreases; one variable decreases and the other increases
B. one variable increases and the other? increases; one variable decreases and the other decreases
C. one variable decreases and the other? increases; one variable increases and the other increases
D. one variable increases and the other? increases; one variable increases and the other decreases
Answer: D. one variable increases and the other? increases; one variable increases and the other decreases
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Everything else equal, an increase in the supply of dollars in exchange for pesos:
A) will cause the dollars to depreciate against the pesos and will increase the quantity of dollars being traded in the foreign exchange market. B) will cause the dollars to appreciate against the pesos and will decrease the quantity of dollars being traded in the foreign exchange market. C) will cause the dollars to depreciate against the pesos and will decrease the quantity of dollars being traded in the foreign exchange market. D) will cause the dollars to appreciate against the pesos and will increase the quantity of dollars being traded in the foreign exchange market.
Refer to Scenario 1. What is the total output when 2 hours of labor are employed?
A) 80 B) 100 C) 180 D) 200
The graph shown shows a subsidy to buyers. Before the subsidy is put in place, the buyers bought _____ units and paid _____ for each of them
A. 100; $46
B. 100; $30
C. 150; $40
D. 150; $24
When the demand for housing slumps, carpenters might expect their incomes to fall
a. True b. False