The slope of a line
A) can never equal zero.
B) is always a constant.
C) measures the ratio of the change in the value of the y-axis variable relative to the change in the value of the x-axis variable.
D) measures the value of the y-axis variable relative to the value of the x-axis variable.
C
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How do we allocate statistical discrepancy among the current, capital, and financial accounts?
A) We have no way of knowing exactly how to allocate this discrepancy. B) Depend on the degree of certainty by which we attribute to these accounts. C) Divide it evenly amongst the three accounts. D) Depend on the convention adopted by the specific financial institution. E) Statistical discrepancy signals human errors made when dealing with financial accounts.
Every allocation of goods in a one good world is efficient because:
a. MRSs are equalized. b. there is enough to go around for everyone. c. no one can be made better off without making someone else worse off. d. it doesn't matter to whom an extra unit of the good is given.