Question 1

Exhibit 1A-5 Straight line
  
-Straight line A-D in Exhibit 1A-5 shows which of the following?

Accepted Answer

A) Increasing values for X will increase the value of Y. 
B) Increasing values for X will decrease the value of Y. 
C) Increasing values for X does not affect the value of Y. 
D) All of the above. 
A) Increasing values for X will increase the value of Y. 
B) Increasing values for X will decrease the value of Y. 
C) Increasing values for X does not affect the value of Y. 
D) All of the above.

Question 2

Exhibit 1A-2 Straight line
  
-In Exhibit 1A-2,as X increases along the horizontal axis,corresponding to points C-D on the line,the Y values increase.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 3

A change in a third variable not on either axis of a graph is illustrated with:

Accepted Answer

A) a horizontal or vertical line. 
B) a movement along a curve. 
C) a shift of a curve. 
D) a point of intersection. 
A) a horizontal or vertical line. 
B) a movement along a curve. 
C) a shift of a curve. 
D) a point of intersection.

Question 4

Basic economic analysis typically concerns:

Accepted Answer

A) the relationship between two variables, one of which has negative values. 
B) the relationship between two variables, both of which have negative values. 
C) the relationship between two variables, both of which have positive values. 
D) the relationship between two variables, one variable always increases and the other variable always decreases. 
A) the relationship between two variables, one of which has negative values. 
B) the relationship between two variables, both of which have negative values. 
C) the relationship between two variables, both of which have positive values. 
D) the relationship between two variables, one variable always increases and the other variable always decreases.

Question 5

If the coordinates are x1=3,y1=6 and x2=1,y2=2.The slope of the line is:

Accepted Answer

A) 1. 
B) 2. 
C) 3. 
D) 6. 
A) 1. 
B) 2. 
C) 3. 
D) 6.

Question 6

A direct relationship exists when:

Accepted Answer

A) there is no association between two variables. 
B) one variable increases and there is no change in the other variable. 
C) one variable increases and the other variable increases. 
D) one variable increases and the other variable decreases. 
A) there is no association between two variables. 
B) one variable increases and there is no change in the other variable. 
C) one variable increases and the other variable increases. 
D) one variable increases and the other variable decreases.

Question 7

Adding a third variable to a two dimensional graph:

Accepted Answer

A) makes it impossible to interpret the graph. 
B) helps to show the effect of factors that are not on the graph. 
C) creates unnecessary complexity and should be avoided. 
D) provides a point of intersection. 
A) makes it impossible to interpret the graph. 
B) helps to show the effect of factors that are not on the graph. 
C) creates unnecessary complexity and should be avoided. 
D) provides a point of intersection.

Question 8

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

Accepted Answer

A) There is no relationship between variable X and variable Y. 
B) Decreasing values for X will cause the values of Y to increase. 
C) There is a direct relationship between X and Y. 
D) There is a negative relationship between X and Y. 
A) There is no relationship between variable X and variable Y. 
B) Decreasing values for X will cause the values of Y to increase. 
C) There is a direct relationship between X and Y. 
D) There is a negative relationship between X and Y.

Question 9

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

Accepted Answer

A) decreases with increases in X. 
B) increases with increases in X. 
C) increases with decreases in X. 
D) remains constant with changes in X. 
A) decreases with increases in X. 
B) increases with increases in X. 
C) increases with decreases in X. 
D) remains constant with changes in X.

Question 10

Exhibit 1A-5 Straight line
  
-In Exhibit 1A-5,as X increases along the horizontal axis,corresponding to points A-D on the line,the Y values remain unchanged at 20 units.The relationship between the X and Y variables is:

Accepted Answer

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

Question 11

Exhibit 1A-6 Straight-line relationship
  
-What is the slope of the line shown in Exhibit 1A-6?

Accepted Answer

A) 1/20. 
B) 1/10. 
C) 1/5. 
D) 1/2. 
A) 1/20. 
B) 1/10. 
C) 1/5. 
D) 1/2.

Question 12

Exhibit 1A-1 Straight line
  
-In Exhibit 1A-1,as X increases along the horizontal axis,corresponding to points A-B on the line,the Y values increase.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 13

Exhibit 1A-5 Straight line
  
-In Exhibit 1A-5,the slope of straight line A-D is:

Accepted Answer

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

Question 14

When one variable increases,the other variable increases - it is called:

Accepted Answer

A) an inverse relationship. 
B) causation. 
C) horizontal line. 
D) a direct relationship. 
A) an inverse relationship. 
B) causation. 
C) horizontal line. 
D) a direct relationship.

Question 15

In a graphic relationship,shifts in a curve are caused by a change in:

Accepted Answer

A) the slope of the curve. 
B) a factor not measured on the axes of the graph. 
C) one of the factors measured on either axes of the graph. 
D) any factor, whether measured on the axes of the graph or not. 
A) the slope of the curve. 
B) a factor not measured on the axes of the graph. 
C) one of the factors measured on either axes of the graph. 
D) any factor, whether measured on the axes of the graph or not.

Question 16

Exhibit 1A-5 Straight line
  
-In Exhibit 1A-5,the slope of the straight line A-D is:

Accepted Answer

A) zero. 
B) 1. 
C) 1/2. 
D) -1. 
A) zero. 
B) 1. 
C) 1/2. 
D) -1.

Question 17

An upward-sloping line or curve is used to illustrate:

Accepted Answer

A) the ceteris paribus assumption. 
B) an inverse relationship. 
C) two unrelated variables. 
D) a direct relationship. 
A) the ceteris paribus assumption. 
B) an inverse relationship. 
C) two unrelated variables. 
D) a direct relationship.

Exhibit 1A-5 Straight line -Straight line A-D in Exhibit 1A-5 shows which of the following?

Exhibit 1A-2 Straight line -In Exhibit 1A-2,as X increases along the horizontal axis,corresponding to points C-D on the line,the Y values increase.The relationship between the X and Y variables is:

A change in a third variable not on either axis of a graph is illustrated with:

Basic economic analysis typically concerns:

If the coordinates are x1=3,y1=6 and x2=1,y2=2.The slope of the line is:

A direct relationship exists when:

Adding a third variable to a two dimensional graph:

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

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

Exhibit 1A-5 Straight line -In Exhibit 1A-5,as X increases along the horizontal axis,corresponding to points A-D on the line,the Y values remain unchanged at 20 units.The relationship between the X and Y variables is:

Exhibit 1A-6 Straight-line relationship -What is the slope of the line shown in Exhibit 1A-6?

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

Exhibit 1A-5 Straight line -In Exhibit 1A-5,the slope of straight line A-D is:

When one variable increases,the other variable increases - it is called:

In a graphic relationship,shifts in a curve are caused by a change in:

Exhibit 1A-5 Straight line -In Exhibit 1A-5,the slope of the straight line A-D is:

An upward-sloping line or curve is used to illustrate:

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

Exhibit 1A-5 Straight line -Straight line A-D in Exhibit 1A-5 shows which of the following?

Exhibit 1A-2 Straight line -In Exhibit 1A-2,as X increases along the horizontal axis,corresponding to points C-D on the line,the Y values increase.The relationship between the X and Y variables is:

A change in a third variable not on either axis of a graph is illustrated with:

Basic economic analysis typically concerns:

If the coordinates are x1=3,y1=6 and x2=1,y2=2.The slope of the line is:

A direct relationship exists when:

Adding a third variable to a two dimensional graph:

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

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

Exhibit 1A-5 Straight line -In Exhibit 1A-5,as X increases along the horizontal axis,corresponding to points A-D on the line,the Y values remain unchanged at 20 units.The relationship between the X and Y variables is:

Exhibit 1A-6 Straight-line relationship -What is the slope of the line shown in Exhibit 1A-6?

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

Exhibit 1A-5 Straight line -In Exhibit 1A-5,the slope of straight line A-D is:

When one variable increases,the other variable increases - it is called:

In a graphic relationship,shifts in a curve are caused by a change in:

Exhibit 1A-5 Straight line -In Exhibit 1A-5,the slope of the straight line A-D is:

An upward-sloping line or curve is used to illustrate:

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