The High-Low Method

question 58

Multiple Choice

The high-low method:

• A) Always selects the highest and lowest data points.
• B) Chooses the data points that are likely to produce a line that is representative of the data.
• C) Chooses the highest and lowest data points for the dependent variable only.
• D) Chooses the highest and lowest data points for the independent variable only.

---

Definitions:

Labor Force

The total number of people both employed and actively seeking employment within an economy.

Opportunity Cost

The cost of missing out on the best available alternative due to a decision.

Married Women

Women who are legally united in marriage to a spouse, with the conjugal status impacting various legal, social, and economic considerations.

Demanders

Individuals or entities that show a willingness and ability to purchase goods or services.