On a Time-Series Graph with a Ratio Scale

question 166

Multiple Choice

On a time-series graph with a ratio scale,

• A) time is plotted on the vertical axis rather than the horizontal axis.
• B) the same distance along the vertical axis measures different amounts of the variable.
• C) the slope of the line is negative when the level of the variable is rising.
• D) it is impossible to determine a trend.

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Definitions:

Entores Ltd.

A landmark case in contract law that established the principle that an acceptance of an offer becomes effective when communicated.

Telex

A communication network system used to send text messages through a network of teleprinters, historically significant before the advent of modern digital communications.

Postbox Rule

A legal principle that deems an offer accepted once the acceptance is posted, not when it is received by the offeror.

Counter-Offer

A response to an initial offer, proposing different terms in an attempt to reach a mutual agreement.