The Industrial Revolution refers to the period 1950-1970, which was characterized by rapid manufacturing sector growth in the United States

The production possibilities frontier itself illustrates

A) all goods that can be produced by an economy. B) the combination of goods and services that can be produced efficiently. C) all goods and services that are desired but cannot be produced due to scarce resources. D) all possible production of capital goods.

If two variables are unrelated, a scatter diagram of those variables will

A) be a vertical line. B) be a horizontal line. C) be either a vertical or horizontal line. D) have a constant positive slope.