There Is a Reliable Correlation Between Being Outgoing and Being

question 48

Multiple Choice

There is a reliable correlation between being outgoing and being satisfied with one's life.One possible way to account for this relationship is that a third variable (number of friends) leads people to be more outgoing and more satisfied with their lives.A correlation that can be accounted for by a third variable such as number of friends is called a

• A)chaotic relationship.
• B)causal relationship.
• C)spurious relationship.
• D)co-dependent relationship.

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Definitions:

Equilibrium Price

The price point in a market at which the supply of goods matches demand, leading to a stable market condition.

Labor Market

The marketplace where workers seek employment and employers seek workers, defined by supply and demand for labor.

Marginal Productivity

The additional output that is produced by using one more unit of a factor of production, keeping all other factors constant.

Income Distribution

The way in which a nation’s total income is distributed among its population.