Which of the following statements is correct?
A. The value of the independent variable is determined by the value of the dependent
variable.
B. The value of the dependent variable is determined by the value of the independent
variable.
C. The dependent variable designates the "cause" and the independent variable the "effect."
D. Dependent variables graph as upsloping lines; independent variables graph as
downsloping lines.
Answer: B
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The ________ is the interest rate commercial banks pay to the Fed; the ________ is the interest rate commercial banks charge each other for short-term loans.
A. nominal interest rate; real interest rate B. federal funds rate; discount rate C. nominal interest rate; prime rate of interest D. discount rate; federal funds rate
Total cost is equal to
a. TFC + TVC. b. TFC – TVC. c. TFC/TVC. d. TVC/TFC.
Offshoring required which types of advances?
What will be an ideal response?
Last year country A had a nominal GDP of $600 billion, a GDP deflator of 150 and a population of 40 million. Country B had a nominal GDP of $720 billion, a GDP deflator of 120 and a population of 50 million. From these numbers which country is likely to have had the higher standard of living?
a. Country A because it had the higher nominal GDP per person. b. Country B because it had the higher nominal GDP per person. c. Country A because it had the higher real GDP per person. d. Country B because it had the higher real GDP per person.