Basic economic analysis typically concerns:
A) the relationship between two variables, one of which has negative values.
B) the relationship between two variables, both of which have negative values.
C) the relationship between two variables, both of which have positive values.
D) the relationship between two variables, one variable always increases and the other variable always decreases.

Question

Quizplus · Accepted Answer

Basic economic analysis typically concerns the relationship between two variables, both of which have positive values. Economic analysis seeks to understand how changes in one variable can affect another variable, typically in a positive way (i.e. if one variable goes up, the other variable also goes up). This is known as a positive relationship or correlation.

Basic Economic Analysis Typically Concerns