Examlex
The number of cells in a two-factor ANOVA is equal to a + b - 1; where a is the number of levels of factor A and b is the number of levels of factor B.
Export Supply Curves
Graphical representations showing the relationship between the price of a good on the international market and the quantity of the good that a country is willing to export.
Import Demand Curves
Graphical representations that show the quantity of goods a country is willing to import at different price levels.
Upsloping
Describes a line or curve on a graph that moves higher as it goes from left to right, indicating an increase in the variable being measured.
Production Possibilities
A concept in economics that describes the different combinations of goods and services that can be produced given fixed resources and technology.
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