Question 1

Exhibit 1A-4
 a.

b.
  
 c. 
  d.
 
-Refer to the exhibit.Which graph illustrates an inverse or negative relationship between variable X and variable Y?

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 2

Moderate exercise is better than none, but excessive exercise is harmful.What is the shape of the graph of health benefits versus hours of exercise per week if health benefits are measured on the vertical axis and exercise is measured on the horizontal axis?

Accepted Answer

A)  a positively sloped straight line 
B)  a negatively sloped straight line 
C)  a U-shaped curve​ 
D)  a hill-shaped curve​ 
A)  a positively sloped straight line 
B)  a negatively sloped straight line 
C)  a U-shaped curve​ 
D)  a hill-shaped curve​

Question 3

Exhibit 1A-2
  
-Refer to the exhibit.At x = 12, 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 4

What does the statement "There is an inverse relationship between x and y" mean?

Accepted Answer

A)  that x causes y 
B)  that y causes x 
C)  that x and y move in opposite directions 
D)  that either y causes x or x causes y 
A)  that x causes y 
B)  that y causes x 
C)  that x and y move in opposite directions 
D)  that either y causes x or x causes y

Question 5

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

Accepted Answer

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

Question 6

Exhibit 1A-2
  
-Refer to the exhibit.At y = 14, 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 7

What is the definition of a graph?

Accepted Answer

A)  It is a lengthy way to illustrate information. 
B)  It is diagram illustrating a relationship between variables. 
C)  It is method of proving causation. 
D)  It is a tool for incorporating all major and minor variables in one illustration. 
A)  It is a lengthy way to illustrate information. 
B)  It is diagram illustrating a relationship between variables. 
C)  It is method of proving causation. 
D)  It is a tool for incorporating all major and minor variables in one illustration.

Question 8

Exhibit 1A-11
  
-Refer to the exhibit.Which of the following best describes the slope of the line?

Accepted Answer

A)  positive and constant 
B)  positive and increasing 
C)  positive and decreasing 
D)  negative and increasing 
A)  positive and constant 
B)  positive and increasing 
C)  positive and decreasing 
D)  negative and increasing

Question 9

What does the statement "There is a direct relation between x and y" mean?

Accepted Answer

A)  that x and y move in the same direction 
B)  that x causes y 
C)  that y causes x 
D)  that either y causes x or x causes y 
A)  that x and y move in the same direction 
B)  that x causes y 
C)  that y causes x 
D)  that either y causes x or x causes y

Question 10

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

Accepted Answer

A)  x = 30, y = 60 
B)  x = 60, y = 30 
C)  x + y = 60 
D)  x + y = 30 
A)  x = 30, y = 60 
B)  x = 60, y = 30 
C)  x + y = 60 
D)  x + y = 30

Question 11

Exhibit 1A-5
  
-Refer to the exhibit.Which statement best describes line D?

Accepted Answer

A)  A decrease in P is associated with a decrease in Q. 
B)  There is no relation between P and Q. 
C)  There is an inverse relationship between P and Q. 
D)  There is a positive relationship between P and Q. 
A)  A decrease in P is associated with a decrease in Q. 
B)  There is no relation between P and Q. 
C)  There is an inverse relationship between P and Q. 
D)  There is a positive relationship between P and Q.

Question 12

Which of the following best describes the slope of the line tangent to the curve?

Accepted Answer

A)  The slope of the line is greater. 
B)  the slope of the line is lesser. 
C)  The slope of the line is the same. 
D)  The slope of the line is steeper. 
A)  The slope of the line is greater. 
B)  the slope of the line is lesser. 
C)  The slope of the line is the same. 
D)  The slope of the line is steeper.

Exhibit 1A-4 a. b. c. d. -Refer to the exhibit.Which graph illustrates an inverse or negative relationship between variable X and variable Y?

Moderate exercise is better than none, but excessive exercise is harmful.What is the shape of the graph of health benefits versus hours of exercise per week if health benefits are measured on the vertical axis and exercise is measured on the horizontal axis?

Exhibit 1A-2 -Refer to the exhibit.At x = 12, what is the value of y?

What does the statement "There is an inverse relationship between x and y" mean?

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

Exhibit 1A-2 -Refer to the exhibit.At y = 14, what is the value of x?

What is the definition of a graph?

Exhibit 1A-11 -Refer to the exhibit.Which of the following best describes the slope of the line?

What does the statement "There is a direct relation between x and y" mean?

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

Exhibit 1A-5 -Refer to the exhibit.Which statement best describes line D?

Which of the following best describes the slope of the line tangent to the curve?

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

Exhibit 1A-4 a. b. c. d. -Refer to the exhibit.Which graph illustrates an inverse or negative relationship between variable X and variable Y?

Moderate exercise is better than none, but excessive exercise is harmful.What is the shape of the graph of health benefits versus hours of exercise per week if health benefits are measured on the vertical axis and exercise is measured on the horizontal axis?

Exhibit 1A-2 -Refer to the exhibit.At x = 12, what is the value of y?

What does the statement "There is an inverse relationship between x and y" mean?

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

Exhibit 1A-2 -Refer to the exhibit.At y = 14, what is the value of x?

What is the definition of a graph?

Exhibit 1A-11 -Refer to the exhibit.Which of the following best describes the slope of the line?

What does the statement "There is a direct relation between x and y" mean?

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

Exhibit 1A-5 -Refer to the exhibit.Which statement best describes line D?

Which of the following best describes the slope of the line tangent to the curve?

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