Which of the following statements is? correct?
A.The relationship between two variables is linear when it is represented by a curved line and nonlinear when it is represented by a straight line.
B.The relationship between two variables is linear when it is represented by a straight line and nonlinear when it is represented by a curved line.
C.The relationship between two variables is nonlinear whether it is represented by a straight line
D.The relationship between two variables is linear whether it is represented by a straight line or by a curved line.
Ans: B.The relationship between two variables is linear when it is represented by a straight line and nonlinear when it is represented by a curved line.
You might also like to view...
National income and domestic product must be equal.
Answer the following statement true (T) or false (F)
GDP consistently measures the output of goods and services in all countries.
Answer the following statement true (T) or false (F)
Whenever the additional revenue from the last unit of output exceeds the additional cost of that unit, a profit-maximizing firm should
A. produce more in order to increase profits. B. think about investing in another industry. C. produce less in order to increase profits. D. do nothing, the firm is making profits.
The more bowed the Lorenz curve, the
A) richer the society. B) more unequal the distribution of money income. C) poorer the society. D) more equal the distribution of income.