If Out of the Two Cities That Send Teams to the Super

question 33

Multiple Choice

If out of the two cities that send teams to the Super Bowl,the city with the lowest unemployment rate wins 70 percent of the time,there would be:

• A) a positive correlation between Super Bowl wins and low unemployment rates.
• B) evidence to conclude that richer cities always have better super bowl teams.
• C) the condition of ceteris paribus present in the winning cities.
• D) a negative correlation between Super Bowl wins and low unemployment rates.

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Definitions:

Constant

A value that does not change.

Production Function

An economic model that describes the relationship between inputs used in production and the resulting output.

Double Its Inputs

The act of a firm increasing the amount of inputs used in production, such as labor and capital, by two times.

Level of Output

The quantity of goods or services produced by a firm or economy during a specific time period.