If x increases whenever y decreases, then x and y are
A) not related.
B) positively related.
C) directly related.
D) negatively related.
E) related but whether positively or negatively related depends on whether the x variable or the y variable is plotted on the vertical axis.
D
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The production possibilities frontier is the
A) maximum output that can be produced at an opportunity cost of zero. B) minimum output that can be produced when resources are used inefficiently. C) boundary between the combinations of goods and services that can be produced and the combinations that cannot be produced, given the available factors of production and the state of technology. D) boundary between the combinations of goods and services that can be produced and the combinations that cannot be produced when technology is changing. E) maximum opportunity cost combinations of goods and services.
Government corruption reduces economic growth around the globe, most commonly through widespread cash payments or gifts to receive a government service
Indicate whether the statement is true or false
Which economist defined the characteristics of an ideal voting system in his book Social Choice and Individual Values?
A. Gary Becker B. Kenneth Arrow C. Dean Karlan D. Jonathan Morduch
Stabilization policy may be necessary to slow down the speed of the adjustment process.
Answer the following statement true (T) or false (F)