An inverse relationship exists when:
A. there is no association between two variables.
B. one variable increases and there is no change in the other variable.
C. one variable increases and the other variable increases.
D. one variable increases and the other variable decreases.
Answer: D
You might also like to view...
Monopolistically competitive firms earn zero economic profit in the long run as do perfectly competitive firms. Does this mean that total surplus is maximized in a monopolistically competitive market?
What will be an ideal response?
Refer to Figure 13-11. The diagram depicts a firm
A) in an increasing-cost industry. B) in long-run equilibrium. C) that is making short-run losses. D) in a constant-cost industry.
Which of the following are statisticians who compile statistics to predict the risk of an event occurring in the population?
A) rocket scientists B) quants C) actuaries D) risk analysts
Which of the following is a term referring to those already working for the firm as “insiders” who know the procedures, while the other workers who are recent or prospective hires are “outsiders”?
a. insider-outsider theory b. insider-outsider argument c. insider-outsider contract d. insider-outsider model