What would the correlation coefficient be if all observations for the two variables were on a curve described by Y = X2?
What will be an ideal response?
Answer: The correlation coefficient would be zero in this case, since the relationship is non-linear.
Economics
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A downward-sloping portion of a long-run average total cost curve is the result of:
a. economies of scale. b. diseconomies of scale. c. diminishing returns. d. the existence of fixed resources.
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Businesses will want to borrow more funds as the real rate of interest decreases
a. True b. False Indicate whether the statement is true or false
Economics