Consider the statement, "The number of beers consumed the night before a test affects the grade." In this statement
A) beer is the dependent variable and test grade is the independent variable.
B) beer is the independent variable and test grade is the dependent variable.
C) both beer and grade are dependent variables.
D) both beer and grade are independent variables.
B
You might also like to view...
The equilibrium price and quantity of a good under perfect competition are determined:
A) by the intersection of the market demand and total revenue curves. B) by the intersection of the total revenue and total cost curves. C) by the intersection of the market demand and market supply curves. D) by the intersection of the market supply and total revenue curves.
Income elasticity measures how a good's quantity demanded responds to
A) producers' incomes. B) change in buyers' incomes. C) change in the price of another good. D) change in the goods price.
If the revenues from a Pigovian tax are not directed to those who are affected by the externality, the outcome:
A. is efficient and maximizes surplus. B. is not efficient and does not maximize surplus. C. is efficient, but does not maximize surplus. D. is not efficient and maximizes surplus.
In Exhibit 3-15, if the price moves from $2.00 to $1.00, unsold inventories will:
a. fall, putting upward pressure on price. b. fall, putting less pressure on price. c. rise, putting less pressure on price. d. rise, putting upward pressure on price.