In the above, which figure shows a linear relationship?
A) Figure A
B) Figure B
C) both Figure A and Figure B
D) neither Figure A nor Figure B
C
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Capital, K, includes
A) money. B) machinery. C) business loans. D) know-how.
Traditionally, economists have considered culture, customs, and religion as
A) very important influences on the choices consumers make. B) relatively unimportant factors in explaining the choices consumers make. C) important influences in explaining consumer choices in command economies but less important in market economies. D) subject to normative economic analysis rather than positive economic analysis.
An increase in wealth that doesn't affect labor supply would cause the IS curve to ________ and the FE line to ________.
A. shift up and to the right; shift left B. shift up and to the right; be unchanged C. shift down and to the left; be unchanged D. shift down and to the left; shift left
The post hoc, ergo propter hoc fallacy is the belief that
A. what is true for the whole is necessarily true of the parts. B. what is true for a part is necessarily true for the whole. C. it is impossible to draw generalizations about cause and effect. D. if Event A happens before Event B happens, then Event A causes Event B to occur.