If a given value of x is associated with a particular value of y,
a. then x causes y
b. then y causes x
c. then x and y must be logically connected
d. there are no other variables that affect the value of y
e. there may be no causal relationship between x and y
E
Economics
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The demand curve for Japanese yen is downward sloping because as the price of a yen declines, such as dollars per yen, people buy fewer Japanese goods
Indicate whether the statement is true or false
Economics
Tax incidence
a. depends on the legislated burden. b. is entirely random. c. depends on the elasticities of supply and demand. d. falls entirely on buyers or entirely on sellers.
Economics