When two variables have a positive correlation,
a. they tend to move in opposite directions.
b. they tend to move in the same direction.
c. one variable will move while the other remains constant.
d. the variables' values are never negative.
Answer: b. they tend to move in the same direction.
You might also like to view...
A firm's economic profit is the difference between its total revenue and total costs, including the opportunity costs of the resources used in the business
a. True b. False Indicate whether the statement is true or false
In recent years, more than one quarter of federal government spending went to Social Security and income security programs
a. True b. False Indicate whether the statement is true or false
Most favored nation status requires:
a. a WTO member that reduces a tariff on imports from one WTO trading partner to apply the lower tariff to imports from all other WTO members. b. a WTO member that reduces a tariff on imports from one WTO trading partner to apply the lower tariff to imports from all other countries. c. a WTO member that increases a tariff on imports from one WTO trading partner to raise the tariff on imports from all other WTO members. d. a WTO member that increases a tariff on imports from one WTO trading partner to raise the tariff on imports from all other countries.
Consider the following information, and assume that opportunity costs are constant: On one hand, residents of Country A can produce more corn in a year than residents of Country B, but they can produce computers at a lower opportunity cost than residents
of country B. On the other hand, residents of country B can produce more computers in a year than residents of Country A, but they can produce corn at a lower opportunity cost than residents of country A. It can be concluded that residents of A) Country A should produce corn and trade it for computers produced in Country B. B) Country B should produce computers and trade them for corn produced in Country B. C) Country A should produce computers and trade them for corn produced in Country B. D) both countries should choose not to trade.