Axes Are Lines That Establish a Relationship Between Data in a Chart;

question 8

True/False

Axes are lines that establish a relationship between data in a chart; most charts have a horizontal x-axis and a vertical y-axis.

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Definitions:

Centralized Decision Making

A process where decisions are made by a few people or a single authority, rather than being dispersed among many.

Destroy Incentives

To eliminate or significantly reduce the motivations or reasons for individuals or entities to take a particular action or endeavor.

Society's Resources

The total means available to a society, including natural resources, human capital, and manufactured goods, used for production and consumption.

Free-Market System

An economic system where prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.