Examlex
While drawing a graph,you plot the independent variable on the x-axis and dependent variable on the y-axis.Then you add a trend line and start plotting the variables.Which of the following types of graphs is being created?
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choosing to invest in one option over others.
Rectangles
A four-sided flat shape where every angle is a right angle and opposite sides are parallel and equal in length.
Historical Episode
A significant event or series of events in the past that has a substantial impact on the present or future.
Circular Flow Diagram
A graphical representation depicting the flow of products, services, and financial resources in a cyclical pattern between consumers and businesses within the economy.
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