Question 1

Exhibit 2A-5  
-Refer to Exhibit 2A-5. The movement from C to B is called a

Accepted Answer

A)  change in dimension. 
B)  shift in the relationship between X and Y. 
C)  movement along the curve. 
D)  parallel change. 
E)  constant. 
A)  change in dimension. 
B)  shift in the relationship between X and Y. 
C)  movement along the curve. 
D)  parallel change. 
E)  constant.

Question 2

Consider a ratio for the total number of miles traveled by car divided by the total number of drivers.

Accepted Answer

The answer of Consider a ratio for the total number...

Question 3

Refer to the table below. Analyze the data on the number of meals served at small and large restaurants. The number of meals served will vary with the number of cooks employed at the restaurant.

Accepted Answer

The answer of Refer to the table below. Analyze the...

Question 4

The table below shows the inflation rate for the period 2005 through 2010. Suppose you wanted to show that there was not much variation in the inflation rate over this period. How would you represent this table in a graph? Suppose you wanted to show that there was a large amount of variation during this period. How would you represent this table in a graph?

Accepted Answer

The figure below is drawn such that the

Question 5

Exhibit 2A-5  
-Refer to Exhibit 2A-5. The movement from A to B is called a

Accepted Answer

A)  change in dimension. 
B)  shift in the curve. 
C)  movement along the curve. 
D)  change in the intercept. 
E)  change in the slope. 
A)  change in dimension. 
B)  shift in the curve. 
C)  movement along the curve. 
D)  change in the intercept. 
E)  change in the slope.

Question 6

Graph the relationship between X and Y such that the relationship between X and Y is linear and positive.

Accepted Answer

Line 1 in the figure below shows the lin

Question 7

Exhibit 2A-2  
-An inverse relationship between two variables indicates a

Accepted Answer

A)  causation. 
B)  constant slope. 
C)  positive slope. 
D)  negative slope. 
A)  causation. 
B)  constant slope. 
C)  positive slope. 
D)  negative slope.

Question 8

Consider a straight line with a slope of +1 that intersects the origin. It dissects the positive X-Y quadrant. Select any point on the line. What must be true about the distance between the origin and the X coordinate and between the origin and the Y coordinate?

Accepted Answer

The distan

Question 9

Explain the purpose of each of the following types of graphs:

Accepted Answer

The answer of Explain the purpose of each of the...

Question 10

Refer to the table below, which shows data for the United States.

Accepted Answer

The answer of Refer to the table below, which shows...

Question 11

Exhibit 2A-2  
-The type of chart shown in Exhibit 2A-2 is referred to as a

Accepted Answer

A)  dual-scale diagram. 
B)  time-series graph. 
C)  bar chart. 
D)  pie chart. 
E)  scatter diagram. 
A)  dual-scale diagram. 
B)  time-series graph. 
C)  bar chart. 
D)  pie chart. 
E)  scatter diagram.

Question 12

Exhibit 2A-1  
-According to Exhibit 2A-1, in 2008 the

Accepted Answer

A)  inflation rate was close to 5 percent, and the unemployment rate was about 7 percent. 
B)  unemployment rate and the inflation rate were equal. 
C)  inflation rate was close to 6 percent, and the unemployment rate was above 2 percent. 
D)  inflation rate was close to 2 percent, and the unemployment rate was close to 6 percent. 
E)  inflation rate was above 10 percent, and the unemployment rate was close to 2 percent. 
A)  inflation rate was close to 5 percent, and the unemployment rate was about 7 percent. 
B)  unemployment rate and the inflation rate were equal. 
C)  inflation rate was close to 6 percent, and the unemployment rate was above 2 percent. 
D)  inflation rate was close to 2 percent, and the unemployment rate was close to 6 percent. 
E)  inflation rate was above 10 percent, and the unemployment rate was close to 2 percent.

Question 13

Exhibit 2A-2  
-The slope of an inverse relationship

Accepted Answer

A)  must be positive. 
B)  is calculated by dividing the variable on the horizontal axis by the variable on the vertical axis. 
C)  must be negative. 
D)  can never be measured. 
E)  must be constant everywhere along the curve. 
A)  must be positive. 
B)  is calculated by dividing the variable on the horizontal axis by the variable on the vertical axis. 
C)  must be negative. 
D)  can never be measured. 
E)  must be constant everywhere along the curve.

Question 14

Exhibit 2A-3  
-In Exhibit 2A-3, the curve shows

Accepted Answer

A)  a constant relationship. 
B)  a direct relationship. 
C)  a straight-line relationship. 
D)  an inverse relationship. 
E)  normative economics. 
A)  a constant relationship. 
B)  a direct relationship. 
C)  a straight-line relationship. 
D)  an inverse relationship. 
E)  normative economics.

Question 15

According to Exhibit 2A-3, which of the following is true?

Accepted Answer

A)  The magnitude of the slope at point B is the same as it is at point A. 
B)  The magnitude of the slope at point A is less than the magnitude of the slope at point B. 
C)  The slope at point A is negative, whereas the slope at point B is positive. 
D)  The magnitude of the slope at point B is less than the magnitude of the slope at point A. 
E)  The magnitude of the slope at point A is greater than the magnitude of the slope at point B. 
A)  The magnitude of the slope at point B is the same as it is at point A. 
B)  The magnitude of the slope at point A is less than the magnitude of the slope at point B. 
C)  The slope at point A is negative, whereas the slope at point B is positive. 
D)  The magnitude of the slope at point B is less than the magnitude of the slope at point A. 
E)  The magnitude of the slope at point A is greater than the magnitude of the slope at point B.

Exhibit 2A-5 -Refer to Exhibit 2A-5. The movement from C to B is called a

Consider a ratio for the total number of miles traveled by car divided by the total number of drivers.

Refer to the table below. Analyze the data on the number of meals served at small and large restaurants. The number of meals served will vary with the number of cooks employed at the restaurant.

Exhibit 2A-5 -Refer to Exhibit 2A-5. The movement from A to B is called a

Graph the relationship between X and Y such that the relationship between X and Y is linear and positive.

Exhibit 2A-2 -An inverse relationship between two variables indicates a

Consider a straight line with a slope of +1 that intersects the origin. It dissects the positive X-Y quadrant. Select any point on the line. What must be true about the distance between the origin and the X coordinate and between the origin and the Y coordinate?

Explain the purpose of each of the following types of graphs:

Refer to the table below, which shows data for the United States.

Exhibit 2A-2 -The type of chart shown in Exhibit 2A-2 is referred to as a

Exhibit 2A-1 -According to Exhibit 2A-1, in 2008 the

Exhibit 2A-2 -The slope of an inverse relationship

Exhibit 2A-3 -In Exhibit 2A-3, the curve shows

According to Exhibit 2A-3, which of the following is true?

The Central Idea

Observing and Explaining the Economy

The Supply and Demand Model

Subtleties of the Supply and Demand Model: Price Floors, Price Ceilings, and Elasticity

The Demand Curve and the Behavior of Consumers

The Supply Curve and the Behavior of Firms

The Interaction of People in Markets

Costs and the Changes at Firms Over Time

The Rise and Fall of Industries

Monopoly

Product Differentiation, Monopolistic Competition, and Oligopoly

Antitrust Policy and Regulation

Labor Markets

Taxes, Transfers, and Income Distribution

Public Goods, Externalities, and Government Behavior

Capital and Financial Markets

Consumer Theory With Indifference Curves

Producer Theory With Isoquants

Filters

Exam 17: Reading, Understanding, and Creating Graphs

Exhibit 2A-5 -Refer to Exhibit 2A-5. The movement from C to B is called a

Consider a ratio for the total number of miles traveled by car divided by the total number of drivers.

Refer to the table below. Analyze the data on the number of meals served at small and large restaurants. The number of meals served will vary with the number of cooks employed at the restaurant.

Exhibit 2A-5 -Refer to Exhibit 2A-5. The movement from A to B is called a

Graph the relationship between X and Y such that the relationship between X and Y is linear and positive.

Exhibit 2A-2 -An inverse relationship between two variables indicates a

Consider a straight line with a slope of +1 that intersects the origin. It dissects the positive X-Y quadrant. Select any point on the line. What must be true about the distance between the origin and the X coordinate and between the origin and the Y coordinate?

Explain the purpose of each of the following types of graphs:

Refer to the table below, which shows data for the United States.

Exhibit 2A-2 -The type of chart shown in Exhibit 2A-2 is referred to as a

Exhibit 2A-1 -According to Exhibit 2A-1, in 2008 the

Exhibit 2A-2 -The slope of an inverse relationship

Exhibit 2A-3 -In Exhibit 2A-3, the curve shows

According to Exhibit 2A-3, which of the following is true?

The Central Idea

Observing and Explaining the Economy

The Supply and Demand Model

Subtleties of the Supply and Demand Model: Price Floors, Price Ceilings, and Elasticity

The Demand Curve and the Behavior of Consumers

The Supply Curve and the Behavior of Firms

The Interaction of People in Markets

Costs and the Changes at Firms Over Time

The Rise and Fall of Industries

Monopoly

Product Differentiation, Monopolistic Competition, and Oligopoly

Antitrust Policy and Regulation

Labor Markets

Taxes, Transfers, and Income Distribution

Public Goods, Externalities, and Government Behavior

Capital and Financial Markets

Consumer Theory With Indifference Curves

Producer Theory With Isoquants

Filters