The above figure graphs the price of a bushel of wheat and housing starts. The graph shows the variables are
A) strongly positively related.
B) strongly negatively related.
C) not related.
D) related via an indirect relationshi
C
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A newspaper reports that the average price of new homes in a certain city had decreased, and the number of new homes sold had also decreased. This situation is probably caused by
A. higher government subsidies to new homebuyers in that city. B. a rising population in that city. C. decreasing incomes of people in that city. D. decreasing costs of construction materials and services in that city.
Data on wages, education, and many other characteristics of the population that are available to anyone who wants to use them are called:
A) public-use data. B) primary data. C) secondary data. D) private-use data.
In general, who will benefit as the result of a tariff? I. Domestic producers II. Domestic consumers III. The domestic government
A) I only B) II only C) both I and III D) both II and III E) All of the above are correct.
When housing prices fell during 2007, the mortgage default rate
a. declined as well. b. responded in a similar manner as during other recent recessions. c. increased substantially. d. changed very little.