Which of the following statements is correct?
A. Interest rates and bond prices vary directly.
B. Interest rates and bond prices vary inversely.
C. Interest rates and bond prices are unrelated.
D. Interest rates and bond prices vary directly during inflations and inversely during
recessions.
B. Interest rates and bond prices vary inversely.
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Economists make assumptions in order to
a. mimic the methodologies employed by other scientists. b. minimize the number of experiments that yield no useful data. c. minimize the likelihood that some aspect of the problem at hand is being overlooked. d. focus their thinking on the essence of the problem at hand.
capitalism
What will be an ideal response?
Which of the following is not a way we sometimes confuse correlation and causation?
A. Omitted variables B. Correlation without causation C. Reverse causality D. Non-linear relationships
Legal restrictions on competition, such as the grant of patent privileges to inventors,
A) destroy property rights. B) expand property rights. C) both destroy and expand property rights. D) neither destroy nor expand property rights because patents are granted by the U.S. Constitution.