Bethany notices that whenever she receives a text message, her roommate Stella is playing her tuba. She concludes that Stella's tuba playing is causing her to receive text messages. Bethany is
A. definitely confusing correlation with causation.
B. probably misguided in that there is no apparent correlation or causation in this situation.
C. likely correct that there is causation, but the causation is more likely running in the opposite direction in that the text messages are causing Stella to play the tuba.
D. very probably correct in her conclusion that the tuba playing causes her to receive text messages.
Answer: B
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A) a policy aimed at increasing GDP. B) a policy aimed at reducing GDP. C) a lag in implementing policy. D) the period of time it takes for policies to work.
Explain how a consumer's income and the prices of goods limit consumption possibilities
What will be an ideal response?
Scott used $4,000,000 from his savings account that paid an annual interest of 5% and a $60,000 loan at an annual interest rate of 5% to purchase a hardware store. After one year, Scott sold the business for $4,100,000 . His accounting profits is:
a. $300,000 b. $100,000 c. $97,000 d. $20,000
U.S. imports are goods and services
A. produced abroad and sold to foreigners. B. produced in the United States and sold to Americans. C. produced in the United States and sold to foreigners. D. produced abroad and sold to Americans.