What Is the Difference Between a Correlation Equal to -1

question 8

Multiple Choice

What is the difference between a correlation equal to -1 and a correlation equal to 0?

• A)A correlation equal to -1 means two alternatives are moving in the same direction, whereas a correlation of 0 means they are moving in opposite directions.
• B)A correlation equal to -1 means two alternatives are moving in the same direction, whereas a correlation of 0 means they are unrelated.
• C)A correlation equal to -1 means two alternatives are moving in opposite directions, whereas a correlation of 0 means they are moving in the same direction.
• D)A correlation equal to -1 means two alternatives are moving in opposite directions, whereas a correlation of 0 means they are unrelated.

Identify the essential elements and legal tests used to define and confirm the existence of a partnership.

Be aware of the significance of partnership agreements and the provisions that are typically included.

Distinguish between different types of partners and their corresponding rights, liabilities, and duties within a partnership.

Understand how a partnership is treated as a legal entity in aspects such as lawsuit capabilities, property ownership, and partner liabilities.

---

Definitions:

Mixed-Market Economy

An economic system that combines elements of both capitalism and socialism, featuring a combination of free market principles and government intervention.

Laissez-Faire Economy

An economic system where transactions between private parties are free from government intervention such as regulation, privileges, tariffs, and subsidies.

Laissez-Faire Capitalism

An economic system where private parties are free from state intervention, including restrictive regulations, taxes, tariffs and enforced monopolies.

Market System

This system of economy relies on supply and demand to guide decisions about investments, production levels, and the distribution mechanism, with the cost of goods and services being determined in an unregulated pricing system.