Graphically express a direct and an inverse or negative relationship. What could cause a shift in a line or curve expressing a relationship between two variables?
What will be an ideal response?
A direct relationship will slope upward; it will have a positive slope. An inverse relationship will slope downward; it will have a negative slope. A change in some relevant variable other than those listed on the vertical or horizontal axis must change in order to shift a line or curve expressing a relationship between two variables.
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Competitive markets generally give consumers and producers correct incentives when
a. externalities are present in the market. b. property rights are well-defined and enforced. c. the good being produced and consumed is a pure public good. d. there is a substantial lack of information on the part of either buyers or sellers.
The G20 countries introduced stimulus packages that averaged ____ of GDP in 2009 and ____ in 2010
a. 2%; 1.6% b. 1.6%; 2% c. 3%; 2% d. 2%; 3%
The phrase “capital formation” is synonymous with
A. investment spending. B. buying shares of stock. C. creating mutual funds. D. purchasing financial assets.
The U.S. price support program, which guaranteed prices for currently grown crops:
A. ended with the passage of the Freedom to Farm Act of 1996. B. began with the Grain Planting Act of 1914. C. remains the core of U.S. farm policy. D. was restored in full and expanded by the Food, Conservation, and Energy Act of 2008.