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Unformatted text preview: Chris Blake ng SpendingClota Shar e iceGDP (%) Relat ive as hing Pr of ECON 202 Homework #2 1. A) Macroeconomic B) Microeconomic C) Microeconomic D) Macroeconomic 2. A) Positive B) Normative C) Positive D) Normative 3. A) Clothing spending as a share of GDP has decreased. B) The relative price of clothing has also decreased, it can be related to the clothing spending share as the relative price of clothing decreases then the clothing spending share decreases. C) 8. A) Positive correlation, because every sunrise causes the rooster to crow. B) Negative correlation, because the higher the price of tickets, the less number of theatergoers C) Positive correlation, because when you buy Valentines Day cards you have to buy chocolate. ...
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- Spring '08