Which Type of Graph Is Most Useful in Determining If

question 296

Multiple Choice

Which type of graph is most useful in determining if two variables are correlated?

• A) time-series
• B) scatter diagram
• C) cross-section
• D) variable-correlation figure
• E) None of the above answers is correct.

---

Definitions:

Balance of Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to more money leaving the country than coming in.

Exports Fewer

A situation where a country sells fewer goods or services abroad than in previous periods.

Price of Rice

The current market cost at which rice is sold, influenced by factors like supply and demand, production costs, and governmental policies.

Absence of Trade

A situation where there is no exchange of goods or services between individuals, regions, or countries, often resulting in decreased economic efficiency and growth.