If Two Variables Have a Correlation (R)of

question 66

Multiple Choice

If two variables have a correlation (r) of + .95, it means that:

• A)there is a weak positive correlation between the variables.
• B)the study resulted in a near perfect negative correlation.
• C)the variables show no correlation.
• D)there is a strong positive correlation between the variables.

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Definitions:

Production Possibility Curve

a graph that shows all the different combinations of two goods or services that can be produced within a given economy, assuming full and efficient use of resources.

Units of Butter

A hypothetical unit used in economics to represent production output, often used in examples discussing opportunity costs and production possibilities.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods and services that can be produced in a given period with available resources, illustrating the trade-offs and opportunity costs.

Units of Guns

A measure or quantity of firearms; colloquially, it can refer to military spending or resources in discussions of trade-offs between defense and civilian spending.