Zero correlation between two variables implies that:
A) change in one variable causes the other to change.
B) both variables move in the same direction.
C) the variables are not related to each other.
D) both variables move in the opposite direction.
C
You might also like to view...
A monopsonist faces an upward-sloping labor supply curve. This means that his marginal expenditures on labor are
A) greater than the wage. B) equal to the wage plus the increase in the wage resulting from hiring one more unit of labor hired. C) greater than the wage because hiring more workers requires to pay all workers more. D) All of the above.
What is a shortcoming of price control legislation?
a. Price controls create surpluses. b. Price controls lower the quantity demanded. c. Price controls create shortages. d. All of the above are shortcomings of price controls.