The Variable That Has or Is Assumed to Have an Influence

question 8

Multiple Choice

The variable that has or is assumed to have an influence on another variable is the ______________.

• A) Causal variable
• B) Independent variable
• C) Dependent variable
• D) Ordinal variable

---

Definitions:

Substitute Resource

An alternative resource that can be used in place of another to produce similar goods or services.

Marginal Product Curve

A graph that displays the change in output that results from employing an additional unit of a particular input, holding all other inputs constant.

Money Wage Rate

The nominal rate of compensation employees receive for their labor per unit of time, not adjusted for inflation.

Levels of Production

The various stages through which the production of goods progresses, from raw materials to finished product.