The Relationship Between Two Interval Variables Is Graphically Displayed by a

question 75

Multiple Choice

The relationship between two interval variables is graphically displayed by a

• A)scatter diagram
• B)histogram
• C)bar chart
• D)pie chart

---

Definitions:

Resource Scarcity

The limited availability of natural resources, leading to constraints on production, consumption, and the ability to meet human needs and desires.

Opportunity Costs

The loss incurred by dismissing the subsequent preferable option in the course of decision-making or selecting one possibility over another.

Equilibrium

Equilibrium is a state in economics where market supply and demand balance each other, and as a result, prices become stable.

Specialize

To focus on a particular area of knowledge, activity, or service, developing expertise in that specific field.