Author Question: You notice that when interest rates increases, new residential housing prices tend to decrease. This ... (Read 108 times)

wrbasek0 · **on:** Jun 29, 2018

You notice that when interest rates increases, new residential housing prices tend to decrease. This observation indicates that

A) there must be false causality between interest rates and housing prices.
B) higher interest rates must cause low housing prices.
C) a scatter diagram between interest rates and housing prices will show a negative relationshi

Question 2

A firm produces 200 units of a good when it employs 7 workers. The marginal product of the eighth worker is 46 units. If the eighth worker is hired, the firm's total product will increase to:

A) 208 units.
B) 228 units.
C) 246 units.
D) 322 units.