Which of the following statements identifies a difference between correlation and causation?
A) Correlation occurs when one thing directly affects another, whereas causation implies a mutual relationship between two things.
B) Causation cannot arise when correlation is present, and correlation cannot arise when causation is present.
C) Correlation implies a mutual relationship between two things, whereas causation occurs when one thing directly affects another.
D) A causal relationship exists between two variables when they are correlated, but correlation does not necessarily exist if there's a causal relationship between two variables.
C
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Refer to the figure above. What is the equilibrium employment and wage rate after the demand curve shifts to LD2?
A) 20 units of labor and $35 B) 5 units of labor and $15 C) 15 units of labor and $20 D) 10 units of labor and $10
An increase in Swiss prices will cause
A) an increase in the demand for U.S. dollars and an increase in the exchange rate of Swiss francs per dollar. B) a decrease in the demand for U.S. dollars and a decrease in the exchange rate of Swiss francs per dollar. C) an increase in the supply of U.S. dollars and a decrease in the exchange rate of Swiss francs per dollar. D) a decrease in the supply of U.S. dollars and an increase in the exchange rate of Swiss francs per dollar.
What is the official definition of the poverty line? What are some causes of poverty?
It is stated that, in democracy, every vote counts. To be a contentious voter in a democracy, one should
A. spend some time learning about the issues. B. find out about the positions of the candidates. C. be sure to vote. D. all of these answer options are correct.