Which of the following statements is false?
A) A straight line has a slope of zero.
B) A curved line has slope values that change at every point.
C) A direct relationship has a positive slope value.
D) An inverse relationship has a negative slope value.
A
Economics
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The Average Product of Labor is
A) the change in total product resulting from an extra unit of labor, holding other factors constant. B) the ratio of output to the number of workers used to produce that output. C) the amount of output that can be produced by a given amount of labor. D) equal to the marginal product of labor when the average product is increasing.
Economics
The short-run Phillips curve is downward sloping but the long-run is a vertical line
a. True b. False Indicate whether the statement is true or false
Economics