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Introduction To Economics

If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of ?

If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of ?

A. a nonlinear relationship
B. a positive linear relationship
C. a scatter diagrams
D. a negative linear relationship

If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of ? Read More »

Economics Mcqs, Introduction To Economics

Which of the following is not part of the opportunity cost of going on holiday ?

Which of the following is not part of the opportunity cost of going on holiday ?

A. The money you spent on a theater show
B. The money you could have made if you had stayed at home and worked
C. The money you spend on airline tickets
D. the money you spent on food

Which of the following is not part of the opportunity cost of going on holiday ? Read More »

Economics Mcqs, Introduction To Economics