A scatterplot
A) shows how Y and X are related when their relationship is scattered all over the place.
B) relates the covariance of X and Y to the correlation coefficient.
C) is a plot of n observations on Xi and Yi, where each observation is represented by the point (Xi, Yi).
D) shows n observations of Y over time.
Ans: C) is a plot of n observations on Xi and Yi, where each observation is represented by the point (Xi, Yi).
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Net foreign factor income is ________.
A. the income people in a country receive from resources owned in foreign countries B. the income people in foreign countries receive from resources owned domestically C. the difference between the values of a country's exports and imports D. the difference between the income people in a country receive from resources owned in foreign countries and the income people in foreign countries receive from resources owned domestically
Suppose you withdraw $1,000 from your savings account and put it in your checking account. Briefly explain how this will affect M1 and M2
What will be an ideal response?
In financial markets, actual market prices sometimes diverge from the equilibrium price because
A) supply is often greater than demand. B) demand is often greater than supply. C) supply is equal to demand. D) of geographical and temporal fragmentation.
A perfectly competitive firm that is maximizing profit produces the quantity of output at which price equals marginal cost.
Answer the following statement true (T) or false (F)