Which of the following is true of dependent variables?
A. A dependent variable can only have a numerical value.
B. A dependent variable cannot have more than 2 values.
C. A dependent variable can be binary.
D. A dependent variable cannot have a qualitative meaning.
Answer: C
You might also like to view...
In the above figure, at which point on the demand curve is the price elasticity of demand equal to 1?
A) a B) b C) c D) It is impossible to say at which point the elasticity equals one.
Name two conditions that can cause a capital asset to depreciate
What will be an ideal response?
The concept of progressive, proportional, and regressive taxation is positive in nature
a. True b. False
What's the relationship between total utility (TU) and marginal utility (MU)?
a. MU of a good is the sum of its TU, assuming that TU is positive b. MU is the change in TU divided by the change in quantity c. MU is TU divided by the quantity of goods consumed d. TU of a good is the sum of all changes in the MUs of that good e. MU = TU as long as the change in TU is constant