Question 1

-In the above figure, no relationship between x and y is shown in Figure

Accepted Answer

A)  A. 
B)  B. 
C)  C. 
D)  D. 
E)  A and Figure B. 
A)  A. 
B)  B. 
C)  C. 
D)  D. 
E)  A and Figure B.

Question 2

-What does the slope of the curved line at point A shown in the above figure equal?

Accepted Answer

The slope of a curved line equals the sl

Question 3

What kind of information is conveyed in a time-series graph?

Accepted Answer

A time series graph reveals four types o

Question 4

-A graph of the relationship between two variables is a line that slopes down to the right.These two variables are ________ related.

Accepted Answer

A)  positively 
B)  directly 
C)  negatively 
D)  not 
E)  trend-line 
A)  positively 
B)  directly 
C)  negatively 
D)  not 
E)  trend-line

Question 5

A slope is measured as the

Accepted Answer

A)  value of the variable measured on the y-axis divided by the value of the variable measured on the x-axis. 
B)  value of the variable measured on the x-axis divided by the value of the variable measured on the y-axis. 
C)  change in the value of variable on the y-axis divided by the change in the value of the variable on the x-axis. 
D)  value of the variable measured on the y-axis minus the value of the variable measured on the x-axis. 
E)  value of the variable measured on the x-axis minus the value of the variable measured on the y-axis. 
A)  value of the variable measured on the y-axis divided by the value of the variable measured on the x-axis. 
B)  value of the variable measured on the x-axis divided by the value of the variable measured on the y-axis. 
C)  change in the value of variable on the y-axis divided by the change in the value of the variable on the x-axis. 
D)  value of the variable measured on the y-axis minus the value of the variable measured on the x-axis. 
E)  value of the variable measured on the x-axis minus the value of the variable measured on the y-axis.

Question 6

What typically happens to benefits as the amount of an activity is increased?

Accepted Answer

A)  Total benefits remain constant. 
B)  Marginal benefit increases. 
C)  Marginal benefit remains constant. 
D)  Marginal benefit decreases. 
E)  The marginal benefit changes only if the marginal cost changes. 
A)  Total benefits remain constant. 
B)  Marginal benefit increases. 
C)  Marginal benefit remains constant. 
D)  Marginal benefit decreases. 
E)  The marginal benefit changes only if the marginal cost changes.

Question 7

-Two variables are unrelated if their graph is i. a vertical line
Ii) a 45 degree line
Iii)a horizontal line

Accepted Answer

A)  i only. 
B)  ii only. 
C)  iii only. 
D)  i and iii. 
E)  i, ii, and iii. 
A)  i only. 
B)  ii only. 
C)  iii only. 
D)  i and iii. 
E)  i, ii, and iii.

Question 8

The cost of a one-unit increase in an activity

Accepted Answer

A)  is called the total one-unit cost. 
B)  is called the marginal cost. 
C)  decreases as more of the activity is done. 
D)  is called the marginal benefit/cost. 
E)  is called the sunk cost. 
A)  is called the total one-unit cost. 
B)  is called the marginal cost. 
C)  decreases as more of the activity is done. 
D)  is called the marginal benefit/cost. 
E)  is called the sunk cost.

Question 9

1.5 Chapter Figures
  
-The relationship between distance traveled in 5 hours and speed shown in the figure above is

Accepted Answer

A)  positive. 
B)  negative. 
C)  inverse. 
D)  cross-sectional. 
E)  multilateral. 
A)  positive. 
B)  negative. 
C)  inverse. 
D)  cross-sectional. 
E)  multilateral.

Question 10

A cost that is previously incurred and irreversible is known as ________ cost.

Accepted Answer

A)  a sunk 
B)  a benefit's 
C)  an opportunity 
D)  an explicit 
E)  marginal 
A)  a sunk 
B)  a benefit's 
C)  an opportunity 
D)  an explicit 
E)  marginal

-In the above figure, no relationship between x and y is shown in Figure

-What does the slope of the curved line at point A shown in the above figure equal?

What kind of information is conveyed in a time-series graph?

-A graph of the relationship between two variables is a line that slopes down to the right.These two variables are ________ related.

A slope is measured as the

What typically happens to benefits as the amount of an activity is increased?

-Two variables are unrelated if their graph is i. a vertical line Ii) a 45 degree line Iii)a horizontal line

The cost of a one-unit increase in an activity

1.5 Chapter Figures -The relationship between distance traveled in 5 hours and speed shown in the figure above is

A cost that is previously incurred and irreversible is known as ________ cost.

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 the above figure, no relationship between x and y is shown in Figure

-What does the slope of the curved line at point A shown in the above figure equal?

What kind of information is conveyed in a time-series graph?

-A graph of the relationship between two variables is a line that slopes down to the right.These two variables are ________ related.

A slope is measured as the

What typically happens to benefits as the amount of an activity is increased?

-Two variables are unrelated if their graph is i. a vertical line Ii) a 45 degree line Iii)a horizontal line

The cost of a one-unit increase in an activity

1.5 Chapter Figures -The relationship between distance traveled in 5 hours and speed shown in the figure above is

A cost that is previously incurred and irreversible is known as ________ cost.

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