The relationship between two variables, x and y, is a vertical line. Thus x and y are
A) positively correlated.
B) negatively correlated.
C) not related.
D) falsely related.
C
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Total utility can be objectively measured in numbers that indicate usefulness or benefit to the consumer
a. True b. False Indicate whether the statement is true or false
Which of the following correctly defines a budget constraint?
a. A model that economists use for illustrating the choices that individuals face in a situation of scarcity b. A model that shows the level of satisfaction or pleasure that people receive from their choices c. A model that shows the combinations of output that an economy can produce, given a level of technology d. A model that represents the allocation that society most desires
According to the monetarists, what is the main cause of macroeconomic instability?
What will be an ideal response?
Government failure occurs when the government runs a budget deficit.
Answer the following statement true (T) or false (F)