Consider the statement, "The number of hours you slept the night before a test affects your test grade." In this statement
A. both the number of hours slept and test grade are independent variables.
B. the number of hours slept is the independent variable and test grade is the dependent variable.
C. both the number of hours slept and test grade are dependent variables.
D. the number of hours slept is the dependent variable and test grade is the independent variable.
Answer: B
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In an indifference curve diagram, the quantities of good Y are measured along the vertical axis and the quantities of good X are measured along the horizontal axis. The marginal rate of substitution is defined as
A) how much good Y you must give up to get one more unit of good X. B) how much good Y you are willing to give up to get one more unit of good X. C) the relative price of good Y in terms of good X. D) how much you prefer to substitute good X for good Y.
The average duration of unemployment tends to be longer, the higher the unemployment rate
a. True b. False Indicate whether the statement is true or false