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law of demand
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∙ 11y ago
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What does it mean for economic variables to positively related?
if two variables are positively related,it means that the two variables change in the same direction.that is,if the value of one of the variables increases,the value of the other variable too will increase.for example,if employment as an economic variable increases in a country,and price of goods too increases then we can say that these two variables(employment and price) are positively related
What are the variables of macroeconomics?
It depends on the way that the subject is modelled as to how many and what are the variables involved. Some models are incomplete and have only a few variables. The smallest model that I know that is comnplete has 19 variables. They are all money flows which are opposite to the value of the goods, services and valuable legal documents that flow in the opposite direction between the same entities.
What is economic diversification?
A portfolio strategy designed to reduce exposure to risk by combining a variety of investments, such as stocks, bonds, and real estate, which are unlikely to all move in the same direction. The goal of diversification is to reduce the risk in a portfolio. Volatility is limited by the fact that not all asset classes or industries or individual companies move up and down in value at the same time or at the same rate. Diversification reduces both the upside and downside potential and allows for more consistent performance under a wide range of economic conditions.
Is traditional economic activities are called early economic activities?
Yes, the traditional economic activities are the same as the ealy economic activities.
What is Elasticity of demand in steel industry?
Elasticity of demand in the steel industry is inelastic. The price of steel can fluctuate and the demand will remain constant. As a result, as price moves, revenue will move in the same direction.
What is positive Correlation?
Positive correlation is a relationship between two variables in which both variables move in tandem that is in the same direction.
The relationship where 2 variables move in the same direction are called what?
A direct correlation, it appears as a straight line on a graph and occurs when variables are related as y=xk.
When the variables in a correlation change simultaneously in the same direction?
You have a positive correlation.
If the slide is moved left does the image move the same direction?
no, the image will move in the opposite direction.
Procyclic economic indicator?
moves in the same direction as the economy
Do all plates move in the same direction and at the same rate?
no
Where do wormholes move?
Same direction as the worms.
What does it mean for economic variables to positively related?
if two variables are positively related,it means that the two variables change in the same direction.that is,if the value of one of the variables increases,the value of the other variable too will increase.for example,if employment as an economic variable increases in a country,and price of goods too increases then we can say that these two variables(employment and price) are positively related
Why does a seaweed not move in the same direction as waves?
Seaweed will move in the direction of the sea current. It's not able to move on its own, but can develop moving skills to get around.
Which direction will absorption lines move if an object remains the same distance?
The lines will not move.
Can tornado direction be predicted?
Yes. A tornado will generally move in the same direction as its parent storm.
Do pawns have to go in the same direction for their double move?
yes
