When two variables have a positive correlation,
a. when the x-variable increases, the y-variable decreases.
b. when the x-variable decreases, the y-variable increases.
c. when the x-variable increases, the y-variable increases.
d. More than one of the above is correct.
c
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When the price of a normal good decreases, people buy ________ of the good due to ________
A) more; the substitution effect only B) more; the substitution and income effects C) less; the substitution effect only D) less; the income effect only
According to Robert E. Hall and Charles Jones, successful economic performance requires
A) a favorable infrastructure of rules and institutions. B) minimizing corruption and criminality. C) the use of one of the eight major international languages. D) A and B. E) all of the above.
What are the principal sources of change in productivity growth?
What will be an ideal response?
Legal barriers to entry into an industry include (1) _______ (2) _______ and (3) _______.
Fill in the blank(s) with the appropriate word(s).