Question 1

An inverse relationship is a negative causation between two variables.

Accepted Answer

A) True 
 B)False  False

Question 2

Which of the following pairs is the most likely to exhibit an inverse relationship?

Accepted Answer

A) The amount of time you spend studying and your final marks. 
B) Waiter's tips and her service. 
C) The annual income and demand for overseas travel. 
D) People's annual income and their expenditure on second-hand clothes. 
A) The amount of time you spend studying and your final marks. 
B) Waiter's tips and her service. 
C) The annual income and demand for overseas travel. 
D) People's annual income and their expenditure on second-hand clothes. D

Question 3

A direct relationship is a relationship between two variables in which they move in different directions (if one increases,the other decreases).

Accepted Answer

A) True 
 B)False  False

Question 4

A graph can be used to illustrate the relationship between the price of compact discs and the quantity of compact discs demanded.If there is evidence that buyers' income also influences the demand for compact discs,then a movement along the curve can be caused by a change in the price of compact discs.

Accepted Answer

A) True 
 B)False

Question 5

Exhibit 1A-4 Straight line
  
-In Exhibit 1A-4,the slope of straight line CD is:

Accepted Answer

A) positive. 
B) zero. 
C) negative. 
D) variable. 
A) positive. 
B) zero. 
C) negative. 
D) variable.

Question 6

Exhibit 1A-2 Straight line
  
-Straight line CD in Exhibit 1A-2 shows which of the following?

Accepted Answer

A) The relationship between X and Y are unknown. 
B) The values of Y are independent from the values of X. 
C) There is an inverse relationship between X and Y. 
D) There is a direct relationship between X and Y. 
A) The relationship between X and Y are unknown. 
B) The values of Y are independent from the values of X. 
C) There is an inverse relationship between X and Y. 
D) There is a direct relationship between X and Y.

Question 7

Exhibit 1A-3 Straight line
  
-In Exhibit 1A-3,the slope of straight line AB is:

Accepted Answer

A) variable. 
B) zero. 
C) negative. 
D) positive. 
E) not determinable from the information provided. 
A) variable. 
B) zero. 
C) negative. 
D) positive. 
E) not determinable from the information provided.

Question 8

Exhibit 1A-4 Straight line
  
-Straight line CD in Exhibit 1A-4 shows which of the following?

Accepted Answer

A) Increasing values for X increases the value of Y. 
B) Decreasing values for X decreases the value of Y. 
C) There is no association between X and Y. 
D) Variables X and Y are negatively related. 
A) Increasing values for X increases the value of Y. 
B) Decreasing values for X decreases the value of Y. 
C) There is no association between X and Y. 
D) Variables X and Y are negatively related.

Question 9

The graph of a direct relationship will have a negative slope.

Accepted Answer

A) True 
 B)False

Question 10

Direct relationships are illustrated using upward-sloping lines and curves.

Accepted Answer

A) True 
 B)False

Question 11

Measured between two points on a curve,the ratio of the change in the variable on the vertical axis to the change in the variable on the horizontal axis is the:

Accepted Answer

A) axis. 
B) slope. 
C) dependent curve. 
D) independent curve. 
A) axis. 
B) slope. 
C) dependent curve. 
D) independent curve.

Question 12

A horizontal line indicates an independent relationship between two variables

Accepted Answer

A) True 
 B)False

Question 13

Exhibit 1A-3 Straight line
  
-In Exhibit 1A-3,the slope of straight line AB is:

Accepted Answer

A) 1. 
B) 5. 
C) 1/2. 
D) -1. 
E) not determinable from the information provided. 
A) 1. 
B) 5. 
C) 1/2. 
D) -1. 
E) not determinable from the information provided.

Question 14

Exhibit 1A-4 Straight line
  
-In Exhibit 1A-4,as X increases along the horizontal axis,corresponding to points C-D on the line,the Y values decrease.The relationship between the X and Y variables is:

Accepted Answer

A) direct. 
B) inverse. 
C) independent. 
D) variable. 
A) direct. 
B) inverse. 
C) independent. 
D) variable.

Question 15

A downward-sloping line has a negative slope.

Accepted Answer

A) True 
 B)False

Question 16

Exhibit 1A-3 Straight line
  
-As shown in Exhibit 1A-3,the intercept of straight line AB is:

Accepted Answer

A) 1. 
B) 10. 
C) 20. 
D) 30. 
E) not determinable from the information provided. 
A) 1. 
B) 10. 
C) 20. 
D) 30. 
E) not determinable from the information provided.

Question 17

Exhibit 1A-4 Straight line
  
-In Exhibit 1A-4,the slope for straight line CD is:

Accepted Answer

A) 5. 
B) 1. 
C) -1. 
D) -5. 
A) 5. 
B) 1. 
C) -1. 
D) -5.

Question 18

Exhibit 1A-1 Straight line
  
-Straight line AB in Exhibit 1A-1 shows which of the following?

Accepted Answer

A) X and Y have positive causation. 
B) The higher the values of X, the higher the values of Y. 
C) There is an inverse relationship between X and Y. 
D) When values of X increase, values of Y are constant. 
A) X and Y have positive causation. 
B) The higher the values of X, the higher the values of Y. 
C) There is an inverse relationship between X and Y. 
D) When values of X increase, values of Y are constant.

Question 19

Exhibit 1A-6 Straight-line relationship
  
-Which of the following would cause a shift in the relationship shown in Exhibit 1A-6?

Accepted Answer

A) A change in people's annual income. 
B) A rise in people's expenditure on air travel. 
C) Both a rise in income and a rise in expenditure on air travel. 
D) A change in people's preferences in favour of air travel. 
A) A change in people's annual income. 
B) A rise in people's expenditure on air travel. 
C) Both a rise in income and a rise in expenditure on air travel. 
D) A change in people's preferences in favour of air travel.

Question 20

Which of the following statements is not correct?

Accepted Answer

A) The slope is the ration of the rise to the run. 
B) A direct relationship is one in which two variables change in the same direction. 
C) Slope is the ratio of the change in variable on the horizontal axis to the change in the variable on the vertical axis. 
D) An independent relationship is one in which two variables are unrelated. 
A) The slope is the ration of the rise to the run. 
B) A direct relationship is one in which two variables change in the same direction. 
C) Slope is the ratio of the change in variable on the horizontal axis to the change in the variable on the vertical axis. 
D) An independent relationship is one in which two variables are unrelated.

An inverse relationship is a negative causation between two variables.

Which of the following pairs is the most likely to exhibit an inverse relationship?

A direct relationship is a relationship between two variables in which they move in different directions (if one increases,the other decreases).

Exhibit 1A-4 Straight line -In Exhibit 1A-4,the slope of straight line CD is:

Exhibit 1A-2 Straight line -Straight line CD in Exhibit 1A-2 shows which of the following?

Exhibit 1A-3 Straight line -In Exhibit 1A-3,the slope of straight line AB is:

Exhibit 1A-4 Straight line -Straight line CD in Exhibit 1A-4 shows which of the following?

The graph of a direct relationship will have a negative slope.

Direct relationships are illustrated using upward-sloping lines and curves.

Measured between two points on a curve,the ratio of the change in the variable on the vertical axis to the change in the variable on the horizontal axis is the:

A horizontal line indicates an independent relationship between two variables

Exhibit 1A-3 Straight line -In Exhibit 1A-3,the slope of straight line AB is:

Exhibit 1A-4 Straight line -In Exhibit 1A-4,as X increases along the horizontal axis,corresponding to points C-D on the line,the Y values decrease.The relationship between the X and Y variables is:

A downward-sloping line has a negative slope.

Exhibit 1A-3 Straight line -As shown in Exhibit 1A-3,the intercept of straight line AB is:

Exhibit 1A-4 Straight line -In Exhibit 1A-4,the slope for straight line CD is:

Exhibit 1A-1 Straight line -Straight line AB in Exhibit 1A-1 shows which of the following?

Exhibit 1A-6 Straight-line relationship -Which of the following would cause a shift in the relationship shown in Exhibit 1A-6?

Which of the following statements is not correct?

Thinking like an economist

Production possibilities and opportunity cost

Market demand and supply

Markets in action

Elasticity of demand and supply

Production costs

Perfect competition

Monopoly

Monopolistic competition and oligopoly

Policy issues: resource taxes and climate change

Measuring the size of the economy

Business cycles and economic growth

Inflation and unemployment

A simple model of the macro economy

The monetary and financial system

Macroeconomic policy I: monetary policy

Macroeconomic policy II: fiscal policy

International trade and finance

Filters

Exam 19: Applying graphs to economics

An inverse relationship is a negative causation between two variables.

Which of the following pairs is the most likely to exhibit an inverse relationship?

A direct relationship is a relationship between two variables in which they move in different directions (if one increases,the other decreases).

Exhibit 1A-4 Straight line -In Exhibit 1A-4,the slope of straight line CD is:

Exhibit 1A-2 Straight line -Straight line CD in Exhibit 1A-2 shows which of the following?

Exhibit 1A-3 Straight line -In Exhibit 1A-3,the slope of straight line AB is:

Exhibit 1A-4 Straight line -Straight line CD in Exhibit 1A-4 shows which of the following?

The graph of a direct relationship will have a negative slope.

Direct relationships are illustrated using upward-sloping lines and curves.

Measured between two points on a curve,the ratio of the change in the variable on the vertical axis to the change in the variable on the horizontal axis is the:

A horizontal line indicates an independent relationship between two variables

Exhibit 1A-3 Straight line -In Exhibit 1A-3,the slope of straight line AB is:

Exhibit 1A-4 Straight line -In Exhibit 1A-4,as X increases along the horizontal axis,corresponding to points C-D on the line,the Y values decrease.The relationship between the X and Y variables is:

A downward-sloping line has a negative slope.

Exhibit 1A-3 Straight line -As shown in Exhibit 1A-3,the intercept of straight line AB is:

Exhibit 1A-4 Straight line -In Exhibit 1A-4,the slope for straight line CD is:

Exhibit 1A-1 Straight line -Straight line AB in Exhibit 1A-1 shows which of the following?

Exhibit 1A-6 Straight-line relationship -Which of the following would cause a shift in the relationship shown in Exhibit 1A-6?

Which of the following statements is not correct?

Thinking like an economist

Production possibilities and opportunity cost

Market demand and supply

Markets in action

Elasticity of demand and supply

Production costs

Perfect competition

Monopoly

Monopolistic competition and oligopoly

Policy issues: resource taxes and climate change

Measuring the size of the economy

Business cycles and economic growth

Inflation and unemployment

A simple model of the macro economy

The monetary and financial system

Macroeconomic policy I: monetary policy

Macroeconomic policy II: fiscal policy

International trade and finance

Filters