Which of the following pairs is the most likely to exhibit a direct relationship?
A. The price of gasoline and the amount of gasoline that people purchase.
B. Cholesterol levels and the likelihood of developing heart disease.
C. Outdoor temperature and heating oil sales.
D. Annual income and weekly pawn shop visits.
Answer: B
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For countries with high seigniorage returns, we expect
A) PPP holding better. B) a high and variable inflation rate. C) a smaller role for their currencies as an international store of value. D) All of the above.
Answer the following statements true (T) or false (F)
1) The American Rule states that the plaintiff must pay their legal fees only the court rules in favor of the defendant. 2) The actual amount a plaintiff will win in a lawsuit is a random variable. 3) From an economic perspective, the decision to settle or litigate depends on actual guilt or innocence. 4) If the expected loss from litigation exceeds the expected gain, the defendant has an economic incentive to settle. 5) If the expected loss from litigation exceeds the expected gain, the defendant has an economic incentiv333) The larger a defendant's expected payment to a plaintiff, the more likely the case will be settled regardless if the expected payment is high due to the plaintiff's probability of winning, or if there is a large potential damage payment.e to settle.
The real rate of interest measures the ________ of capital investment.
A. marginal benefit B. value of the marginal product C. relative price D. opportunity cost
In the above figure, starting at E1, if there is a supply shock that is temporary, the
A. aggregate supply would shift to SRAS1 and LRAS0 would shift to LRAS1. B. aggregate supply would shift to SRAS0 and LRAS1 would shift to LRAS0. C. aggregate supply would shift to SRAS2 and LRAS0 would shift to LRAS1. D. aggregate supply would shift to SRAS1 and then return to SRAS0.