If Two Variables Are Related in a Fashion That Is

question 115

Multiple Choice

If two variables are related in a fashion that is nonlinear,Pearson correlation:

• A)will always be negative
• B)will be sensitive to this
• C)will not be sensitive to this
• D)will always be positive

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Definitions:

Absolute Advantage

The ability of a country, individual, or firm to produce more of a good or service with the same amount of resources compared to others.

Trade

The exchange of goods and services between parties, which can be within or across national borders.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, resulting in a negative balance of trade.

Productive Resource

An asset or input used in the production of goods and services, such as labor, land, and capital.