If there is a direct relationship between two variables
A) the graph of the relationship will be upward-sloping.
B) the graph of the relationship will be downward-sloping.
C) the slope of the line (or the slope of a tangent line to the curve) will be negative.
D) Both answers A and C are correct.
A
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Joy is training to become a chef. The skills she is obtaining from her training and education will increase Joy's ________
A) human capital B) physical capital C) entrepreneurship D) None of the above answers are correct.
If you purchase a Treasury bond, the Treasury bond is
A) an asset to you as well as an asset to the U.S. government. B) an asset to you, but a liability to the U.S. government. C) a liability to you, but an asset to the U.S. government. D) a liability to you as well as a liability to the U.S. government.
Requiring the buyer of one good to purchase another good as well is termed
a. predatory pricing. b. price discrimination. c. tying contracts. d. exclusive dealing.
As a result of heavy spring rains in the Midwest, the corn crop declined sharply. If corn growers experienced an increase in sales revenue, the demand for corn must be
a. price elastic b. price inelastic c. unitary elastic d. perfectly inelastic e. perfectly elastic