Exhibit 1A-5 Straight line
In Exhibit 1A-5, as X increases along the horizontal axis, from point C to point D on the line, the Y values
A. increase so the relationship between X and Y is direct.
B. decrease so the relationship between X and Y is inverse.
C. remain unchanged so the relationship between X and Y is independent.
D. change so the relationship between X and Y is variable.
Answer: B
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Which of the following does not describe a characteristic of short-term economic fluctuations?
A. Expansions and recessions are irregular in length and severity. B. Durable-goods industries are less sensitive to short-term fluctuations than service and non-durable industries. C. Expansions and recessions are felt throughout the economy. D. The unemployment rate rises during recessions.
The health care system in Japan is referred to as ________, under which every resident of Japan is required to enroll in either a private, or the government-provided, health insurance program
A) an out-of-pocket system B) a single-payer health care system C) a universal health insurance system D) socialized medicine
Explain how mutual funds are advantageous to small investors.
What will be an ideal response?
The income elasticity of a Giffin good
A. is negative. B. is zero. C. is positive. D. cannot be specified without more information.