A relationship between two variables in which one variable increases at the same time that the other increases is called
A) nonlinear.
B) constant.
C) inverse.
D) direct.
D
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The first economist to systematically analyze market failure was
A) Adam Smith. B) J. E. Meade. C) Ronald Coase. D) A. C. Pigou.
The ultimate threat of a union is
A) the lockout. B) the President's power granted by the Taft-Hartley Act. C) the unity of spirit of the union membership. D) the strike.
In 1976, the cost of a movie was $4. In 2012, it's $9. If the CPI for 1976 is 56, and 228 for 2012, then we could say the cost of a 1976 movie in 2012 would be:
A. $16.29, so the cost of movies has not increased as much as general inflation. B. $16.29, so the cost of movies is relatively more in 2012 than it was in 1976. C. $2.21, so the cost of movies has not increased as much as general inflation. D. $2.21, so the cost of movies is relatively more in 2012 than it was in 1976.
Which of the following is a positive microeconomics statement?
A) The central bank should increase the nation's money supply. B) The increase in the nation's money supply helped push the nation's unemployment rate down in the short run. C) Ford Motor Company's new advertising campaign ended up hurting General Motors's sales. D) The local government ought to spend more on recreational activities.