Which of the following relationships is most likely to exhibit zero correlation?
A) The relationship between the amount received as unemployment benefits in China and the unemployment rate in Canada
B) The relationship between education and income
C) The relationship between income and savings
D) The relationship between wind velocity and rotational speed of wind turbines
A
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The domestic real interest rate in a small open economy is
A) determined by the intersection of the supply curve and demand curve for loanable funds in the country. B) equal to the world real interest rate. C) the same as its nominal interest rate. D) determined by the total value of net exports in the country.
Every month when the Bureau of Labor Statistics (BLS) announces the unemployment rate, it also announces the number of jobs the economy has gained or lost. Where does the BLS get the data about jobs?
a. from the survey of 60,000 households, which is called the Current Population Survey b. from the Establishment Survey that measures both frictional and structural unemployment c. from the survey of 160,000 business that have over 40 million workers on their payrolls d. from the Congressional Budget Office, which also calculates the GDP of the United States
An example of a derivative is a:
A. stock. B. fixed-income security. C. bond. D. futures contract.
In a binding situation, a positive cost shock decreases output.
Answer the following statement true (T) or false (F)