The Closer a Correlation Coefficient Is to _____, the Stronger

question 139

Multiple Choice

The closer a correlation coefficient is to _____, the stronger the relationship between the two variables.

• A)zero
• B)+5.0
• C)+10.0 or -10.0
• D)+1.00 or -1.00

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Definitions:

Tax Incidence

The analysis of the effect of a particular tax on the distribution of economic welfare, including which group - consumers or producers - ultimately bears the cost of the tax.

Suppliers

Suppliers are individuals or companies that provide goods or services to other entities, often playing a key role in the supply chain.

Excise Tax

A tax levied on the sale of particular goods or services, such as alcohol and tobacco, usually with the intent of reducing their consumption through higher prices.

Excise Tax

A specific tax levied on the sale of a particular good or service, often included in the price of items such as tobacco or alcohol.