Whenever Two Variables Are Correlated, We May Assume That One

question 16

True/False

Whenever two variables are correlated, we may assume that one is the cause of the other.​

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Definitions:

Foreign-Currency Exchange

The trading of currencies from different countries against each other.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific time period.

Tariff

A tax on goods produced abroad and sold domestically.

Exchange Rate

The price of one currency in terms of another, determining how much foreign currency can be obtained with a unit of domestic currency.