The figure above shows how the relationship between the number of hours per week a high school student spends on the web and the student's SAT score
Is the relationship between hours on the web and the SAT score positive, negative, neither? Explain your answer.
The figure shows that there is a negative relationship between hours on the web and the student's SAT score. The relationship is negative because the two variables move in opposite directions: If hours on the web increase, the SAT score decreases.
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Which of the following transfer payments is included in GDP?
A) Social Security payments B) welfare payments C) veteran's benefits D) none of the above
The demand for bus service is perfectly elastic at a price of $1.00 a ride. The table above shows the bus company's marginal cost and the marginal social cost of the bus service. The competitive quantity of bus rides per week is ________
A) 100 B) 200 C) 300 D) 500