Negative correlation between x and y implies that

A) when x is high, y is high.
B) when x is high, y is low.
C) xy < 0.
D) x/y < 0.


B

Economics

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Insurance is possible and can be profitable because of

A) private information. B) adverse selection. C) moral hazard. D) consumers are risk aversion.

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Refer to Table 19-12. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The base year used in calculating real GDP is

A) 2013. B) 2014. C) 2015. D) 2016.

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Offshoring required which types of advances?

What will be an ideal response?

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In the short run, if a firm operates, it earns a profit of $500. The fixed costs of the firm are $100. This firm has a producer surplus of

A) $500. B) $100. C) $400. D) $600.

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