If an inverse relationship exists between two variables, then:
A. As one variable increases, the other decreases
B. As one variable increases, so does the other
C. The two variables are close substitutes for each other
D. Both variables increase over time
Answer: A
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As long as the amount of food stamps an individual receives is less than they would have spent on food without the food stamps, the food stamps act like a straight income transfer
a. True b. False
Big Woods is a lumber firm that sells plywood sheets to local builders. If the annual holding cost of a sheet of plywood is $8 and the managers of Big Woods order 700 sheets of plywood, what is the total annual carrying costs of the inventory?
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What determines the position and shape of a society's production possibilities curve?
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