Two Variables Are Said to Be Positively Correlated If Their

question 90

Multiple Choice

Two variables are said to be positively correlated if their values

• A) are always positive.
• B) only increase but never decrease.
• C) tend to move in the same direction.
• D) tend to move in opposite directions.

---

Definitions:

Anchoring Effect

A cognitive bias where an individual's decisions are influenced by a particular reference point or "anchor," sometimes leading to irrational decision-making.

Behavioral Economists

Specialists in an area of economics that combines insights from psychological research with economic theory to better understand decision-making processes.

Large Risks

Exposures to significant potential losses or gains, often requiring careful assessment and management in decision-making processes.

Small Risks

Risks that have a minor potential impact or a very low probability of occurring.