Question 1

Direct relationships are illustrated using upward-sloping lines and curves.

Accepted Answer

A) True 
 B)False

Question 2

Narrbegin Exhibit A1.5 Straight line   Narrend
-In Exhibit A1.5, 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 3

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 4

Which of the following statements is not correct?

Accepted Answer

A)  The slope is the ration of the rise to the run. 
B)  A direct relationship is one in which two variables change in the same direction. 
C)  Slope is the ratio of the change in the variable on the horizontal axis to the change in the variable on the vertical axis. 
D)  An independent relationship is one in which two variables are unrelated. 
A)  The slope is the ration of the rise to the run. 
B)  A direct relationship is one in which two variables change in the same direction. 
C)  Slope is the ratio of the change in the variable on the horizontal axis to the change in the variable on the vertical axis. 
D)  An independent relationship is one in which two variables are unrelated.

Question 5

A graph can be used to illustrate the relationship between the price of compact discs and the quantity of compact discs demanded. If there is evidence that buyers' income also influences the demand for compact discs, then a movement along the curve can be caused by a change in the price of compact discs.

Accepted Answer

A) True 
 B)False

Question 6

Narrbegin Exhibit A1.4 Straight line   Narrend
-Straight line CD in Exhibit A1.4 shows which of the following?

Accepted Answer

A)  Increasing values for X increases the value of Y. 
B)  Decreasing values for X decreases the value of Y. 
C)  There is no association between X and Y. 
D)  Variables X and Y are negatively related. 
A)  Increasing values for X increases the value of Y. 
B)  Decreasing values for X decreases the value of Y. 
C)  There is no association between X and Y. 
D)  Variables X and Y are negatively related.

Question 7

Narrbegin Exhibit A1.1 Straight line   Narrend
-Straight line AB in Exhibit A1.1 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 positive 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 positive relationship between X and Y. 
D)  There is a negative relationship between X and Y.

Question 8

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 9

Narrbegin Exhibit A1.4 Straight line   Narrend
-In Exhibit A1.4, as X increases along the horizontal axis, corresponding to points C-D on the line, the Y values decrease. 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 10

Narrbegin Exhibit A1.4 Straight line   Narrend
-In Exhibit A1.4, the slope for straight line CD is:

Accepted Answer

A) 5. 
B) 1. 
C)  -1. 
D)  -5. 
A) 5. 
B) 1. 
C)  -1. 
D)  -5.

Question 11

An inverse relationship is a negative causation between two variables.

Accepted Answer

A) True 
 B)False

Question 12

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 13

Narrbegin Exhibit A1.6 Straight-line relationship   Narrend
-What is the slope of the line shown in Exhibit A1.6?

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 14

Narrbegin Exhibit A1.1 Straight line   Narrend
-Straight line AB in Exhibit A1.1 shows which of the following?

Accepted Answer

A)  X and Y have negative causation. 
B)  The higher the values of X, the higher the values of Y. 
C)  There is an inverse relationship between X and Y. 
D)  When values of X increase, values of Y are constant. 
A)  X and Y have negative causation. 
B)  The higher the values of X, the higher the values of Y. 
C)  There is an inverse relationship between X and Y. 
D)  When values of X increase, values of Y are constant.

Question 15

A positive 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 too. 
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 too. 
D)  one variable increases and the other variable decreases.

Question 16

The graph of a direct relationship will have a negative slope.

Accepted Answer

A) True 
 B)False

Question 17

Narrbegin Exhibit A1.3 Straight line   Narrend
-In Exhibit A1.3, the slope of straight line AB is:

Accepted Answer

A)  variable. 
B)  zero. 
C)  negative. 
D)  positive. 
E)  not determinable from the information provided. 
A)  variable. 
B)  zero. 
C)  negative. 
D)  positive. 
E)  not determinable from the information provided.

Direct relationships are illustrated using upward-sloping lines and curves.

Narrbegin Exhibit A1.5 Straight line Narrend -In Exhibit A1.5, the slope of the straight line A-D is:

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

Which of the following statements is not correct?

Narrbegin Exhibit A1.4 Straight line Narrend -Straight line CD in Exhibit A1.4 shows which of the following?

Narrbegin Exhibit A1.1 Straight line Narrend -Straight line AB in Exhibit A1.1 shows which of the following?

Basic economic analysis typically concerns:

Narrbegin Exhibit A1.4 Straight line Narrend -In Exhibit A1.4, as X increases along the horizontal axis, corresponding to points C-D on the line, the Y values decrease. The relationship between the X and Y variables is:

Narrbegin Exhibit A1.4 Straight line Narrend -In Exhibit A1.4, the slope for straight line CD is:

An inverse relationship is a negative causation between two variables.

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

Narrbegin Exhibit A1.6 Straight-line relationship Narrend -What is the slope of the line shown in Exhibit A1.6?

Narrbegin Exhibit A1.1 Straight line Narrend -Straight line AB in Exhibit A1.1 shows which of the following?

A positive relationship exists when:

The graph of a direct relationship will have a negative slope.

Narrbegin Exhibit A1.3 Straight line Narrend -In Exhibit A1.3, the slope of straight line AB is:

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: Housing Affordability 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 2: Applying Graphs to Economics

Direct relationships are illustrated using upward-sloping lines and curves.

Narrbegin Exhibit A1.5 Straight line Narrend -In Exhibit A1.5, the slope of the straight line A-D is:

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

Which of the following statements is not correct?

Narrbegin Exhibit A1.4 Straight line Narrend -Straight line CD in Exhibit A1.4 shows which of the following?

Narrbegin Exhibit A1.1 Straight line Narrend -Straight line AB in Exhibit A1.1 shows which of the following?

Basic economic analysis typically concerns:

Narrbegin Exhibit A1.4 Straight line Narrend -In Exhibit A1.4, as X increases along the horizontal axis, corresponding to points C-D on the line, the Y values decrease. The relationship between the X and Y variables is:

Narrbegin Exhibit A1.4 Straight line Narrend -In Exhibit A1.4, the slope for straight line CD is:

An inverse relationship is a negative causation between two variables.

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

Narrbegin Exhibit A1.6 Straight-line relationship Narrend -What is the slope of the line shown in Exhibit A1.6?

Narrbegin Exhibit A1.1 Straight line Narrend -Straight line AB in Exhibit A1.1 shows which of the following?

A positive relationship exists when:

The graph of a direct relationship will have a negative slope.

Narrbegin Exhibit A1.3 Straight line Narrend -In Exhibit A1.3, the slope of straight line AB is:

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: Housing Affordability 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