A Graph That Shows the Value of an Economic Variable

question 2

Multiple Choice

A graph that shows the value of an economic variable for different groups in a population at a given time is called a

• A)scatter diagram.
• B)fixed-time diagram.
• C)pie chart.
• D)cross-section graph.
• E)time-series graph.

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Definitions:

Illusory

This refers to something that appears to be real or possible but actually lacks substance, reality, or is deceptive in nature.

Enforceable

Refers to a legal agreement or contract that can be legally compelled to be performed or executed as per the terms agreed upon by the parties involved.

Forbearance

A creditor's agreement to postpone, delay, or withhold legal action despite the debtor's failure to meet the terms of the contract.

Statute Of Limitations

A federal or state statute setting the maximum time period during which a certain action can be brought or certain rights enforced.