Which of the Following Statements Is Correct

question 286

Multiple Choice

Which of the following statements is correct?

• A)Neither economic theory nor evidence from the U.S. economy suggests that there is a close link between productivity and real wages.
• B)Economic theory suggests that there is a close link between productivity and real wages, but evidence from the U.S. economy fails to confirm that link.
• C)Evidence from the U.S. economy suggests a close link between productivity and real wages, but economic theory provides no basis for such a link.
• D)Both economic theory and evidence from the U.S. economy suggest that there is a close link between productivity and real wages.

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Definitions:

Dispersion

A statistical term referring to the spread of data points around a central measure, such as mean or median.

Unbiased Estimate

A conservative estimate of a population parameter.

Standard Deviation

A measure of the dispersion or variability of a set of data points, indicating how spread out the data are from their mean.

Subtract

The action or method of deducting one number or quantity from another.