Read the following two sentences: A: Ten seconds after Nella waved her hand, her friend responded by saying hello. B: As Nella waved her hand, a gust of wind blew. Which of the following is the correct comparison of A and B?

a. A shows correlation; B shows causation.
b. A and B both show correlation
c. A shows causation; B shows correlation.
d. A and B both show causation.


c. A shows causation; B shows correlation.

Economics

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When a government splits a natural monopoly vertically, it is breaking the company up:

A. along its stages of production. B. into smaller companies providing the same goods. C. in order to maximize its profits. D. in order to capture all efficiencies possible.

Economics

If your disposable personal income increases from $40,000 to $48,000 and your consumption increases from $35,000 to $39,000 . your marginal propensity to consume (MPC) is:

a. 0.20. b. 0.40. c. 0.50. d. 0.80. e. 1.00.

Economics

For a normal good, the

a. income effect is greater than 1.0 b. income effect is negative c. substitution effect is zero d. income effect and the substitution effect work in the same direction e. demand curve is horizontal

Economics

______ is what customers are WILLING to pay for marginal benefit of a product

A. Equibrium B. Price C. Value D. Utility

Economics