Which of the following statements is correct?
a. Slope is the ratio of the vertical change (the rise or fall) to the horizontal change (the run).
b. A direct relationship is one in which two variables change in the same direction.
c. An inverse relationship is one in which two variables change in opposite directions.
d. An independent relationship is one in which two variables are unrelated.
e. All of these.
e
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For the purpose of statistically reporting the unemployment rate, "discouraged workers" are
A) not counted. B) counted. C) trained to do different work. D) offered other jobs.
As a percent of GDP, the total U.S. federal debt has been declining since World War II
Indicate whether the statement is true or false
Gains from trade will be possible as long as
A) people have different endowments. B) people place different values on some goods. C) marginal rates of substitution are equal across individuals. D) excess supply equals excess demand.
Since the U.S. is organized as a market economy, the government sector does not play any role in economic activity
a. True b. False Indicate whether the statement is true or false