In Order to Establish an Unambiguous Cause-And-Effect Relationship Between Two

question 66

True/False

In order to establish an unambiguous cause-and-effect relationship between two variables, it is necessary to eliminate the possible influence of extraneous variables.

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Definitions:

Normal Good

A good for which demand increases as the income of the individual or economy increases, and decreases when the income decreases.

Income Increases

Refers to the rise in the monetary earnings of individuals or entities over a period.

Sushi

A traditional Japanese dish made of vinegared rice, often accompanied by various ingredients such as seafood, vegetables, and occasionally tropical fruits.

Equilibrium

The state in a market where supply equals demand, and there is no external pressure for the market price or quantity to change.