-Which of the Following CORRECTLY Describes the Above Figure

question 39

Multiple Choice

-Which of the following CORRECTLY describes the above figure?

• A) There is no relationship between x and y.
• B) There is a positive relationship between x and y.
• C) There is a negative relationship between x and y.
• D) None of the above answers are correct.

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Definitions:

Command Systems

Economic systems in which a centralized authority, typically the government, makes all decisions regarding the production and distribution of goods and services.

Market Systems

The network of buyers, sellers, and other actors that come together to trade in a given product or service, governed by supply and demand.

Capital Resources

The assets, both physical and financial, that businesses use to produce goods and services; these can include machinery, buildings, and technology.

Private Property

A system where individuals and companies own and control their own possessions and assets.