A direct relationship exists when:
A. there is no association between two variables.
B. one variable increases and there is no change in the other variable.
C. one variable increases and the other variable increases.
D. one variable increases and the other variable decreases.
Answer: C
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What is true of marginal cost when marginal returns are increasing?
a. It is negative and increasing. b. It is negative and decreasing. c. It is positive and increasing. d. It is positive and decreasing. e. It is positive and has a constant slope.
Which of the following statistics confirm the rise in de-integration in the U.S. post 1970s?
a. The average number of industrial sectors a firm operated in increased substantially in 1997. b. Employment in the business services industry that supplied contract employees grew by almost five times as much as non-farm employment. c. Between 1977 and 1999, imports of the U.S. firms from foreign affiliates as a percentage of total imports increased substantially. d. Between 1977 and 1999, imports of the U.S. firms from unrelated suppliers as a percentage of total imports declined.