Answer:
1. A small Caribbean island's economy depends on tourism. However, in recent times, it has seen much less economic activity. Its government decides to let the market correct the situation.
Hayek
2. Flour prices have risen in a country where bread is a staple part of the diet. As a result, bread prices have risen tremendously, in an effort to make bread affordable for its citizens, the government has limited how much bakes can charge for bread.
Keynes
Explanation:
Answer:
False.
Explanation:
The study that Dr. Keyes wants to do is a study that uses two variables (pets and happiness). Dr. Keyes wishes to prove the cause and effect relationship between these two variables that prove that the greater the amount of pets (causes) people have, the greater the happiness of these people (effect). For this reason, we can say that Dr. Keyes is not doing a correlational study.
This is because, although the correlational study wishes to observe the relationship between two variables, this study cannot be applied to cause and effect relationships.
