Two variables are positively correlated if:
A. they move in the same direction.
B. they move in the opposite direction.
C. their movements tend to be unrelated.
D. one is simply a multiple of the other.
A. they move in the same direction.
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Refer to Common Property I. Suppose the common property becomes privately owned. The owner behaves competitively and charges people an entrance fee for the right to use the property. The fee will be
The following questions refer to the accompanying diagram, which shows the benefits and costs associated with the use of a common property.
a. P1.
b. P2.
c. P2 - P1.
d. zero.
Though the countries can benefit by completely specializing in the production of the good in which they have comparative advantage, in real world however, they do not completely specialize
a. True b. False Indicate whether the statement is true or false
Consistency of feasible generalized least square estimators requires the error term to be correlated with lags of the explanatory variable.
Answer the following statement true (T) or false (F)
Which of the following types of unemployment is directly associated with insufficient overall demand for goods and services?
A. Search unemployment. B. Wait unemployment. C. Cyclical unemployment. D. Frictional unemployment.