Exam 1: Getting Started

Price (dollars per blouse) Katie's purchases (blouses per year) Kim's purchases (blouses per year) 20 10 6 40 8 5 60 6 4 80 4 3 -The table above shows how many blouses Katie and Kim will purchase at different prices for a blouse.In the figure, label the axes and put the price on the y-axis and the quantity of blouses on the x-axis.Plot the data for Katie in the figure.Then, plot the data for Kim in the figure. $\begin{array}{ccc} \begin{array}{c} \text { Price } \\ \text { (dollars per blouse) } \end{array} & \begin{array}{c} \text { Katie's purchases } \\ \text { (blouses per year) } \end{array} & \begin{array}{c} \text { Kim's purchases } \\ \text { (blouses per year) } \end{array} \\ \hline 20 & 10 & 6 \\ 40 & 8 & 5 \\ 60 & 6 & 4 \\ 80 & 4 & 3 \\ \hline \end{array} -The table above shows how many blouses Katie and Kim will purchase at different prices for a blouse.In the figure, label the axes and put the price on the y-axis and the quantity of blouses on the x-axis.Plot the data for Katie in the figure.Then, plot the data for Kim in the figure.$

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Question 321

In order to make a rational choice, people must

(Multiple Choice)

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Question 322

The value of the highest-valued alternative that a person must give up when making a decision is known as the ________ cost.

(Multiple Choice)

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Question 323

Going skiing will cost Adam $80 a day.He also loses $40 per day in wages because he has to take time off from work.Adam still decides to go skiing.

(Multiple Choice)

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Question 324

Which of the following is a microeconomic issue?

(Multiple Choice)

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Question 325

Amy can study for an hour or spend that hour sleeping or going out for dinner.If she decides to study for the hour, the opportunity cost of the hour spent studying is

(Multiple Choice)

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Question 326

When analyzing graphically the relationship between more than two variables, which of the following must be used?

(Multiple Choice)

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Question 327

A time series graph reveals whether there is a , which represents .

(Multiple Choice)

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Question 328

Which of the following statements is correct?

(Multiple Choice)

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Question 329

A slope is measured as the

(Multiple Choice)

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Question 330

In 2003, Michael Jordan decided to retire from professional basketball.Which of the following was an opportunity cost of his decision?

(Multiple Choice)

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Question 331

Scarcity forces people to

(Multiple Choice)

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Question 332

As a person increases his or her caloric intake, the person's weight increases, ceteris paribus.The relationship between the person's caloric intake and the person's weight is an example of

(Multiple Choice)

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Question 333

In economics, cost is , and benefit is .

(Multiple Choice)

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Question 334

X Y 2 20 4 16 6 12 8 8 -In the diagram below, draw a straight line with a slope of zero. $\begin{array}{cr} X & Y \\ \hline 2 & 20 \\ 4 & 16 \\ 6 & 12 \\ 8 & 8 \end{array} -In the diagram below, draw a straight line with a slope of zero.$

(Essay)

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Question 335

-In the above figure, the diagram shows

(Multiple Choice)

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Question 336

As the price of home heating oil rises, families buy less home heating oil.Hence a scatter diagram with the price of home heating oil on the vertical axis and the quantity purchased on the horizontal axis reveals a ________ relationship.

(Multiple Choice)

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Question 337

Choices that are best for the society as a whole are choices in pursuit of

(Multiple Choice)

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Question 338

-What does the slope of the line shown in the above figure equal?

(Essay)

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Question 339

The cost of a one-unit increase in an activity is called the

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Question 340

Showing 321 - 340 of 350

In order to make a rational choice, people must

The value of the highest-valued alternative that a person must give up when making a decision is known as the ________ cost.

Going skiing will cost Adam $80 a day.He also loses $40 per day in wages because he has to take time off from work.Adam still decides to go skiing.

Which of the following is a microeconomic issue?

Amy can study for an hour or spend that hour sleeping or going out for dinner.If she decides to study for the hour, the opportunity cost of the hour spent studying is

When analyzing graphically the relationship between more than two variables, which of the following must be used?

A time series graph reveals whether there is a , which represents .

Which of the following statements is correct?

A slope is measured as the

In 2003, Michael Jordan decided to retire from professional basketball.Which of the following was an opportunity cost of his decision?

Scarcity forces people to

As a person increases his or her caloric intake, the person's weight increases, ceteris paribus.The relationship between the person's caloric intake and the person's weight is an example of

In economics, cost is , and benefit is .

X Y 2 20 4 16 6 12 8 8 -In the diagram below, draw a straight line with a slope of zero. $\begin{array}{cr} X & Y \\ \hline 2 & 20 \\ 4 & 16 \\ 6 & 12 \\ 8 & 8 \end{array} -In the diagram below, draw a straight line with a slope of zero.$

-In the above figure, the diagram shows

As the price of home heating oil rises, families buy less home heating oil.Hence a scatter diagram with the price of home heating oil on the vertical axis and the quantity purchased on the horizontal axis reveals a ________ relationship.

Choices that are best for the society as a whole are choices in pursuit of

-What does the slope of the line shown in the above figure equal?

The cost of a one-unit increase in an activity is called the

The Usand Global Economies

The Economic Problem

Demand and Supply

Gdp: a Measure of Total Production and Income

Jobs and Unemployment

The Cpi and the Cost of Living

Potential Gdp and the Natural Unemployment Rate

Economic Growth

Finance, Saving, and Investment

The Monetary System

Money, Interest, and Inflation

Aggregate Supply and Aggregate Demand

Aggregate Expenditure Multiplier

The Short-Run Policy Tradeoff

Fiscal Policy

Monetary Policy

International Trade Policy

International Finance

Filters

Exam 1: Getting Started

In order to make a rational choice, people must

The value of the highest-valued alternative that a person must give up when making a decision is known as the ________ cost.

Going skiing will cost Adam $80 a day.He also loses $40 per day in wages because he has to take time off from work.Adam still decides to go skiing.

Which of the following is a microeconomic issue?

Amy can study for an hour or spend that hour sleeping or going out for dinner.If she decides to study for the hour, the opportunity cost of the hour spent studying is

When analyzing graphically the relationship between more than two variables, which of the following must be used?

A time series graph reveals whether there is a ________ , which represents ________.

Which of the following statements is correct?

A slope is measured as the

In 2003, Michael Jordan decided to retire from professional basketball.Which of the following was an opportunity cost of his decision?

Scarcity forces people to

As a person increases his or her caloric intake, the person's weight increases, ceteris paribus.The relationship between the person's caloric intake and the person's weight is an example of

In economics, cost is ________, and benefit is ________.

X Y 2 20 4 16 6 12 8 8 -In the diagram below, draw a straight line with a slope of zero.

-In the above figure, the diagram shows

As the price of home heating oil rises, families buy less home heating oil.Hence a scatter diagram with the price of home heating oil on the vertical axis and the quantity purchased on the horizontal axis reveals a ________ relationship.

Choices that are best for the society as a whole are choices in pursuit of

-What does the slope of the line shown in the above figure equal?

The cost of a one-unit increase in an activity is called the

The Usand Global Economies

The Economic Problem

Demand and Supply

Gdp: a Measure of Total Production and Income

Jobs and Unemployment

The Cpi and the Cost of Living

Potential Gdp and the Natural Unemployment Rate

Economic Growth

Finance, Saving, and Investment

The Monetary System

Money, Interest, and Inflation

Aggregate Supply and Aggregate Demand

Aggregate Expenditure Multiplier

The Short-Run Policy Tradeoff

Fiscal Policy

Monetary Policy

International Trade Policy

International Finance

Filters

A time series graph reveals whether there is a , which represents .

In economics, cost is , and benefit is .

X Y 2 20 4 16 6 12 8 8 -In the diagram below, draw a straight line with a slope of zero. $\begin{array}{cr} X & Y \\ \hline 2 & 20 \\ 4 & 16 \\ 6 & 12 \\ 8 & 8 \end{array} -In the diagram below, draw a straight line with a slope of zero.$