If two variables both increase at the same time or decrease at the same time, they are
A) unrelated to each other.
B) positively related.
C) negatively related.
D) conversely related.
B
You might also like to view...
To compute GDP:
A) simply sum the number of final goods and services. B) sum the cost of producing final goods and services. C) use a weighted average by a survey regarding how much people value different goods and services. D) sum the market values of final goods and services.
Private goods are not excludable
a. True b. False Indicate whether the statement is true or false
If an analyst believes that more than one explanatory variable explains the variation in the dependent variable, what model should be used?
A. a simple linear regression model B. a log-linear model C. a nonlinear regression model D. a multiple regression model
Which of the following statements best illustrates "Luddite reasoning"?
A. Labor is necessary for building and maintaining machines, and so increased demand for machines increases the demand for labor. B. Technology increases total output, and so it will increase the demand for labor. C. Technology makes it possible to replace workers with machines, and so it will decrease the overall demand for labor. D. New technology changes the type of labor demanded.