If two variables are unrelated, a scatter diagram of those variables will
A) be a vertical line.
B) be a horizontal line.
C) be either a vertical or horizontal line.
D) have a constant positive slope.
C
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In a market economy, household income is determined primarily by
a. the age of the head of household b. the gender of the head of household c. luck d. the productivity of labor resources e. government transfer payments
The exchange-rate arrangement that emerged from the Bretton Woods conference is often called a managed float standard
a. True b. False Indicate whether the statement is true or false
Why are sellers willing to sell more at a higher price?
In which of the following scenarios would a tax be least likely to affect the amount of labor supplied?
A. A 10 percent tax on the earnings of NFL quarterbacks B. A 10 percent tax on the earnings of fast-food workers C. A 10 percent tax increase on the earnings of all workers D. A 10 percent tax decrease on earnings of construction workers