Question 1

Which of the following is an economic application of the slope of a line?

Accepted Answer

A)  the measurement of unlimited wants 
B)  behavioural analysis 
C)  marginal analysis 
D)  rational analysis 
A)  the measurement of unlimited wants 
B)  behavioural analysis 
C)  marginal analysis 
D)  rational analysis C

Question 2

Exhibit 1A-12
  
-Exhibit 1A-12.Compare the slopes of the tangents at points a and b. Which statement best describes the slope of a and b?

Accepted Answer

A)  The slope of a is positive, and the slope at b is negative. 
B)  The slope of a is negative, and the slope at b is positive. 
C)  The slope of a is positive, and the slope of b is positive. 
D)  The slope of a is negative, and the slope of b is negative. 
A)  The slope of a is positive, and the slope at b is negative. 
B)  The slope of a is negative, and the slope at b is positive. 
C)  The slope of a is positive, and the slope of b is positive. 
D)  The slope of a is negative, and the slope of b is negative. A

Question 3

Exhibit 1A-8
 $$\begin{array} { c c } 
\mathrm { x } & \mathrm { y } \
\hline 0 & 50 \
100 & 250 \
200 & 450 \
300 & 650 \
400 & 850
\end{array}$$
-Refer to the exhibit.What would the slope of a line graphed with x on the horizontal axis and y on the vertical axis be equal to?

Accepted Answer

A)  0.5 
B)  1.5 
C)  2 
D)  100 
A)  0.5 
B)  1.5 
C)  2 
D)  100 C

Question 4

Exhibit 1A-3
  
-Refer to the exhibit.For any value of x, what is the value of y?

Accepted Answer

A)  It is larger on curve A than on curve B. 
B)  It is smaller on curve A than on curve B. 
C)  It is the same on both curves. 
D)  It is indeterminate. 
A)  It is larger on curve A than on curve B. 
B)  It is smaller on curve A than on curve B. 
C)  It is the same on both curves. 
D)  It is indeterminate.

Question 5

How is the slope of a line defined?

Accepted Answer

A)  as the change in the value of the variable on the vertical axis divided by the change in the value of the variable on the horizontal axis 
B)  as the value of the variable on the horizontal axis divided by the value of the intercept on the vertical axis 
C)  as the change in the value of the variable on the horizontal axis divided by the increase in the value of the variable on the vertical axis 
D)  as value of the variable on the vertical axis divided by the value of the variable on the horizontal axis 
A)  as the change in the value of the variable on the vertical axis divided by the change in the value of the variable on the horizontal axis 
B)  as the value of the variable on the horizontal axis divided by the value of the intercept on the vertical axis 
C)  as the change in the value of the variable on the horizontal axis divided by the increase in the value of the variable on the vertical axis 
D)  as value of the variable on the vertical axis divided by the value of the variable on the horizontal axis

Question 6

Exhibit 1A-6
  
-Refer to the exhibit.Which statement best describes the slope of the straight line?

Accepted Answer

A)  It is greater at point a than at point b. 
B)  It is the same at points a and b. 
C)  It is negative because an inverse relation is shown. 
D)  It is positive because the line lies to the right of the y axis. 
A)  It is greater at point a than at point b. 
B)  It is the same at points a and b. 
C)  It is negative because an inverse relation is shown. 
D)  It is positive because the line lies to the right of the y axis.

Question 7

Slope = 2 for a line on a graph with x on the horizontal axis and y on the vertical axis.If x decreases by 4, what happens to y?

Accepted Answer

A)  y decreases by 8. 
B)  y decreases by 4. 
C)  y increases by 8. 
D)  y increases by 4. 
A)  y decreases by 8. 
B)  y decreases by 4. 
C)  y increases by 8. 
D)  y increases by 4.

Question 8

What can be assumed if x causes y?

Accepted Answer

A)  that x and y are inversely related 
B)  that y is a dependent variable 
C)  that other variables do NOT matter 
D)  that y must, in turn, cause x 
A)  that x and y are inversely related 
B)  that y is a dependent variable 
C)  that other variables do NOT matter 
D)  that y must, in turn, cause x

Question 9

Which of the following best describes the slope of a vertical line?

Accepted Answer

A)  It is infinitely large. 
B)  It is zero. 
C)  It is positive. 
D)  It is infinitely small. 
A)  It is infinitely large. 
B)  It is zero. 
C)  It is positive. 
D)  It is infinitely small.

Question 10

What part of a graph is most applicable to marginal analysis?

Accepted Answer

A)  the origin 
B)  the slope 
C)  the horizontal axis 
D)  the dependent variable 
A)  the origin 
B)  the slope 
C)  the horizontal axis 
D)  the dependent variable

Question 11

Exhibit 1A-2
  
-Refer to the exhibit.At x = 10, what is the value of y?

Accepted Answer

A)  It is larger on curve A than on curve B. 
B)  It is smaller on curve A than on curve B. 
C)  It is the same on both curves. 
D)  It is tangent to both curves. 
A)  It is larger on curve A than on curve B. 
B)  It is smaller on curve A than on curve B. 
C)  It is the same on both curves. 
D)  It is tangent to both curves.

Question 12

Exhibit 1A-5
  
-Refer to the exhibit.According to the curve, if P = $8 then what is Q equal to?

Accepted Answer

A)  Q = 10 
B)  Q = 8 
C)  Q = 7.5 
D)  Q = 7 
A)  Q = 10 
B)  Q = 8 
C)  Q = 7.5 
D)  Q = 7

Question 13

Slope = -2 for a line on a graph with x on the horizontal axis and y on the vertical axis.If x increases by 4, what happens to y?

Accepted Answer

A)  y increases by 8. 
B)  y increases by 2. 
C)  y decreases by 4. 
D)  y decreases by 8. 
A)  y increases by 8. 
B)  y increases by 2. 
C)  y decreases by 4. 
D)  y decreases by 8.

Question 14

The cost of producing copper tubing is $1 per metre.Production costs are measured on the vertical axis and quantity of copper tubing is measured on the horizontal axis.Which of the following would have the smallest slope?

Accepted Answer

A)  a line representing the quantity of tubing measured in millimetres 
B)  a line representing the quantity of tubing measured in centimetres 
C)  a line representing the quantity of tubing measured in metres 
D)  a line representing the quantity of tubing measured in decimetres 
A)  a line representing the quantity of tubing measured in millimetres 
B)  a line representing the quantity of tubing measured in centimetres 
C)  a line representing the quantity of tubing measured in metres 
D)  a line representing the quantity of tubing measured in decimetres

Question 15

What does the origin on a graph represent?

Accepted Answer

A)  the dependent variable 
B)  the variable that is the primary source of causation 
C)  a caption or explanatory description of the symbols, colours, and measurements 
D)  the point at which the values of both variables are zero 
A)  the dependent variable 
B)  the variable that is the primary source of causation 
C)  a caption or explanatory description of the symbols, colours, and measurements 
D)  the point at which the values of both variables are zero

Question 16

Exhibit 1A-4
 a.

b.
  
 c. 
  d.
 
-Refer to the exhibit.Which statement describes Curve B?

Accepted Answer

A)  It has a positive slope that is constant at every point. 
B)  It has a positive slope that is changing at every point. 
C)  It has a negative slope that is constant at every point. 
D)  It has a negative slope that is changing at every point. 
A)  It has a positive slope that is constant at every point. 
B)  It has a positive slope that is changing at every point. 
C)  It has a negative slope that is constant at every point. 
D)  It has a negative slope that is changing at every point.

Question 17

Exhibit 1A-1
 
-Refer to the exhibit.What does point a represent?

Accepted Answer

A)  the origin 
B)  x = 0, y = 50 
C)  x = 50, y = 0 
D)  x + y = 50 
A)  the origin 
B)  x = 0, y = 50 
C)  x = 50, y = 0 
D)  x + y = 50

Question 18

Exhibit 1A-2
  
-Refer to the exhibit.At y = 10, what is the value of x?

Accepted Answer

A)  It is larger on curve A than on curve B. 
B)  It is smaller on curve A than on curve B. 
C)  It is the same on both curves. 
D)  It is indeterminate. 
A)  It is larger on curve A than on curve B. 
B)  It is smaller on curve A than on curve B. 
C)  It is the same on both curves. 
D)  It is indeterminate.

Question 19

Exhibit 1A-4
 a.

b.
  
 c. 
  d.
 
-Refer to the exhibit.Which graph illustrates a relationship between variable X and variable that begins negatively, but changes to a positive relationship?

Accepted Answer

A)  graph a 
B)  graph b 
C)  graph c 
D)  graph d 
A)  graph a 
B)  graph b 
C)  graph c 
D)  graph d

Question 20

Exhibit 1A-10
  
-Refer to the exhibit.Which statement best describes the slope of the line?

Accepted Answer

A)  The line is negative for all values of x. 
B)  The line is positive for all values of x. 
C)  The line is first negative, and then it is positive as x increases. 
D)  The line is first rising, and then it is falling as x increases. 
A)  The line is negative for all values of x. 
B)  The line is positive for all values of x. 
C)  The line is first negative, and then it is positive as x increases. 
D)  The line is first rising, and then it is falling as x increases.

Which of the following is an economic application of the slope of a line?

Exhibit 1A-12 -Exhibit 1A-12.Compare the slopes of the tangents at points a and b. Which statement best describes the slope of a and b?

Exhibit 1A-8 0 50 100 250 200 450 300 650 400 850 -Refer to the exhibit.What would the slope of a line graphed with x on the horizontal axis and y on the vertical axis be equal to?

Exhibit 1A-3 -Refer to the exhibit.For any value of x, what is the value of y?

How is the slope of a line defined?

Exhibit 1A-6 -Refer to the exhibit.Which statement best describes the slope of the straight line?

Slope = 2 for a line on a graph with x on the horizontal axis and y on the vertical axis.If x decreases by 4, what happens to y?

What can be assumed if x causes y?

Which of the following best describes the slope of a vertical line?

What part of a graph is most applicable to marginal analysis?

Exhibit 1A-2 -Refer to the exhibit.At x = 10, what is the value of y?

Exhibit 1A-5 -Refer to the exhibit.According to the curve, if P = $8 then what is Q equal to?

Slope = -2 for a line on a graph with x on the horizontal axis and y on the vertical axis.If x increases by 4, what happens to y?

The cost of producing copper tubing is $1 per metre.Production costs are measured on the vertical axis and quantity of copper tubing is measured on the horizontal axis.Which of the following would have the smallest slope?

What does the origin on a graph represent?

Exhibit 1A-4 a. b. c. d. -Refer to the exhibit.Which statement describes Curve B?

Exhibit 1A-1 -Refer to the exhibit.What does point a represent?

Exhibit 1A-2 -Refer to the exhibit.At y = 10, what is the value of x?

Exhibit 1A-4 a. b. c. d. -Refer to the exhibit.Which graph illustrates a relationship between variable X and variable that begins negatively, but changes to a positive relationship?

Exhibit 1A-10 -Refer to the exhibit.Which statement best describes the slope of the line?

The Art and Science of Economic Analysis

Economic Tools and Economic Systems

Economic Decision Makers

Demand, Supply, and Markets

Algebraic Approach to Demand, Supply, and Equilibrium

Introduction to Macroeconomics

Tracking the Canadian Economy

Unemployment and Inflation

Productivity and Growth

Aggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy in an Open Economy

Macro Policy Debate: Active or Passive

International Finance

International Trade

Economic Development

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Exam 20: Understanding Graphs

Which of the following is an economic application of the slope of a line?

Exhibit 1A-12 -Exhibit 1A-12.Compare the slopes of the tangents at points a and b. Which statement best describes the slope of a and b?

Exhibit 1A-8 0 50 100 250 200 450 300 650 400 850 -Refer to the exhibit.What would the slope of a line graphed with x on the horizontal axis and y on the vertical axis be equal to?

Exhibit 1A-3 -Refer to the exhibit.For any value of x, what is the value of y?

How is the slope of a line defined?

Exhibit 1A-6 -Refer to the exhibit.Which statement best describes the slope of the straight line?

Slope = 2 for a line on a graph with x on the horizontal axis and y on the vertical axis.If x decreases by 4, what happens to y?

What can be assumed if x causes y?

Which of the following best describes the slope of a vertical line?

What part of a graph is most applicable to marginal analysis?

Exhibit 1A-2 -Refer to the exhibit.At x = 10, what is the value of y?

Exhibit 1A-5 -Refer to the exhibit.According to the curve, if P = $8 then what is Q equal to?

Slope = -2 for a line on a graph with x on the horizontal axis and y on the vertical axis.If x increases by 4, what happens to y?

The cost of producing copper tubing is $1 per metre.Production costs are measured on the vertical axis and quantity of copper tubing is measured on the horizontal axis.Which of the following would have the smallest slope?

What does the origin on a graph represent?

Exhibit 1A-4 a. b. c. d. -Refer to the exhibit.Which statement describes Curve B?

Exhibit 1A-1 -Refer to the exhibit.What does point a represent?

Exhibit 1A-2 -Refer to the exhibit.At y = 10, what is the value of x?

Exhibit 1A-4 a. b. c. d. -Refer to the exhibit.Which graph illustrates a relationship between variable X and variable that begins negatively, but changes to a positive relationship?

Exhibit 1A-10 -Refer to the exhibit.Which statement best describes the slope of the line?

The Art and Science of Economic Analysis

Economic Tools and Economic Systems

Economic Decision Makers

Demand, Supply, and Markets

Algebraic Approach to Demand, Supply, and Equilibrium

Introduction to Macroeconomics

Tracking the Canadian Economy

Unemployment and Inflation

Productivity and Growth

Aggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy in an Open Economy

Macro Policy Debate: Active or Passive

International Finance

International Trade

Economic Development

Filters