A correlation between two variables implies that:
A) there is a cause-effect relationship between the two variables.
B) it is impossible to measure one variable without measuring the other.
C) there is a mutual relationship between both the variables.
D) when one variable changes, the other variable always changes by exactly the same amount.
C
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Which of the following would cause an increase in aggregate demand (AD)?
A) an increase in interest rates B) a decrease in taxes C) a decrease in price levels D) a rise in the foreign exchange value of the dollar
Refer to Scenario 1-4. Had the firm not produced and sold the last 500 cigars, would its profit be higher or lower, and if so by how much?
A) Its profit would be $500 lower. B) Its profit would be $1,500 lower. C) Its profit would be $500 higher. D) Its profit would be $1,000 higher.
The foreign entry methods of ________ and ________ tend to be associated with smaller financial commitments.
A) mergers; joint ventures B) partnerships; mergers C) partnerships; franchising D) mergers; franchising
Explain why there is a direct relationship between price and quantity supplied
What will be an ideal response?