Exam 20: Graphs in Economics

Use the following to answer questions : Figure: Illustrating Slope -(Figure: Illustrating Slope) Look at the figure Illustrating Slope. In the graph, line 1 depicts X and Y to be:

Use the following to answer question : -(Table: Hours Studied and Quiz Score) Look at the table Hours Studied and Quiz Score. The table shows data for students in an economics class. If we were to graph these data and draw a line through the points, we would choose ______ to be the independent variable; the vertical intercept of our line would be ______; and the slope of our line would be ______.

Use the following to answer questions : Figure: Demand and Supply -(Figure: Demand and Supply) Look at the figure Demand and Supply. The slope of the curve labeled D is:

Use the following to answer questions : Table: Wages and Hours Willing to Work -(Table: Wages and Hours Willing to Work) Look at the table Wages and Hours Willing to Work. If it was graphed, the relationship between wage per hour and hours willing to work would be:

Use the following to answer questions : Figure: Good X and Good Y -(Figure: Good X and Good Y) Look at the figure Good X and Good Y. If we move from point C to point B in the figure, the x-variable has ______ units and the y-variable has ______ units.

The owner of the Dismal Philosopher, one of five bookstores on College Road, asks you to make a graph showing each College Road bookstore's share of all five stores' book purchases. The best way to show this information is with:

Use the following to answer questions : Figure: Demand and Supply -(Figure: Demand and Supply) Look at the figure Demand and Supply. The slope of the curve labeled S is:

Use the following to answer questions : Figure: Consumption of Pizza and Tacos -(Figure: Consumption of Pizza and Tacos) Look at the figure Consumption of Pizza and Tacos. The figure shows the number of tacos and pizza slices Matt can eat in a day. The relation is nonlinear, and there is a negative relation between the number of tacos and pizza slices that Matt can eat in a day.

A pie chart is used to depict information about:

Use the following to answer questions : Figure: Demand and Supply -(Figure: Demand and Supply) Look at the figure Demand and Supply. The curve labeled D indicates that a price of $2 is related to a quantity of:

Use the following to answer questions: Figure: Unemployment Rate over Time -(Figure: Unemployment Rate over Time) Look at the figure Unemployment Rate over Time. In the time-series graph, as we move from 1991 to 1993, we see that the unemployment rate has _____ from approximately _____ to approximately _____.

Use the following to answer questions : Figure: Labor Force Participation Rate -(Figure: Labor Force Participation Rate) Look at the figure Labor Force Participation Rate. Using the figure, the labor force participation rate for women was ______ during 1970-1985 and ______ during 1998-2006.

The fact that two variables always move together over time:

If two variables are negatively related, they will always be represented by:

Use the following to answer questions : Figure: Seasonally Adjusted Unemployment Rate -(Figure: Seasonally Adjusted Unemployment Rate) Look at the figure Seasonally Adjusted Unemployment Rate. The distance between each labeled point on the horizontal axis is one year. Unemployment was ______ between 1/2001 and 1/2002 and ______ between 1/1999 and 1/2000.

Use the following to answer questions : Figure: Cold Drinks Sold and Temperature -(Figure: Cold Drinks Sold and Temperature) Look at the figure Cold Drinks Sold and Temperature. If we move from point C to point D in the figure, the outside temperature has ______ degrees and the number of cold drinks sold has ______.

Use the following to answer questions: Figure: Unemployment Rate over Time -(Figure: Unemployment Rate over Time) Look at the figure Unemployment Rate over Time. In the time-series graph, as we move from 1993 to 1995, we see that the unemployment rate has _____ from approximately _____ to approximately _____.

Use the following to answer questions : Figure: Cold Drinks Sold and Temperature -(Figure: Cold Drinks Sold and Temperature) Look at the figure Cold Drinks Sold and Temperature. If we move from point C to point E in the figure, the outside temperature has ______ degrees and the number of cold drinks sold has ______.

Use the following to answer questions : Figure: Hot Drinks Sold and Temperature -(Figure: Hot Drinks Sold and Temperature) Look at the figure Hot Drinks Sold and Temperature. If we move from point K to point L in the figure, the outside temperature has ______ degrees and the number of hot drinks sold has ______.

Use the following to answer questions: Figure: Unemployment Rate over Time -(Figure: Unemployment Rate over Time) Look at the figure Unemployment Rate over Time. In the time-series graph, as we move from 1997 to 2001, we see that the unemployment rate has _____ from approximately _____ to approximately _____.