Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
If X causes Y, then X is the dependent variable and Y is the independent variable.
Group of answer choices
True
False
Expert Solution
Step 1- Introduction
The economics as a study is based upon the idea that the resources which are present with the economies are limited in nature, while the wants, and desires of people in these economies tend to be limitless. The economists tend to use various variables in the economy in order to find their relationships, and make models, and theories.
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