Question 1

A pie chart is used to depict information about:

Accepted Answer

A)  the relative shares of categories of data. 
B)  the changes of a particular variable over time. 
C)  positive,not negative,relationships among variables. 
D)  the changes of a particular variable over time and positive relationships. 
A)  the relative shares of categories of data. 
B)  the changes of a particular variable over time. 
C)  positive,not negative,relationships among variables. 
D)  the changes of a particular variable over time and positive relationships.

Question 2

Use the following to answer questions:  
-(Table: Price,Quantity Demanded,and Quantity Supplied)Use Table: Price,Quantity Demanded,and Quantity Supplied.The data in the figure suggest a non-linear relation between:

Accepted Answer

A)  price and quantity demanded. 
B)  price and quantity supplied. 
C)  price and quantity demanded,as well as price and quantity supplied. 
D)  The table does not show a non-linear relation. 
A)  price and quantity demanded. 
B)  price and quantity supplied. 
C)  price and quantity demanded,as well as price and quantity supplied. 
D)  The table does not show a non-linear relation.

Question 3

The owner of the Dismal Philosopher,one of the five bookstores on University 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 a(n):

Accepted Answer

A)  scatter diagram. 
B)  pie chart. 
C)  time-series graph. 
D)  independent graph. 
A)  scatter diagram. 
B)  pie chart. 
C)  time-series graph. 
D)  independent graph.

Question 4

Use the following to answer questions:  
-(Figure: Seasonally Adjusted Unemployment Rate)Use Figure: Seasonally Adjusted Unemployment Rate.The distance between each labeled point on the horizontal axis is 1 year,and the distance between each labeled point on the vertical axis is 1 percentage point of unemployment.Unemployment was _____ between 1/2001 and 1/2002 and _____ between 1/1999 and 1/2000.

Accepted Answer

A)  increasing;decreasing 
B)  increasing;increasing 
C)  decreasing;increasing 
D)  decreasing;decreasing 
A)  increasing;decreasing 
B)  increasing;increasing 
C)  decreasing;increasing 
D)  decreasing;decreasing

Question 5

The relation between two variables that move in the same direction is said to be:

Accepted Answer

A)  independent. 
B)  neutral. 
C)  positive. 
D)  indirect. 
A)  independent. 
B)  neutral. 
C)  positive. 
D)  indirect.

Question 6

Use the following to answer questions:  
-(Figure: Cold Drinks Sold and Temperature)Use 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 _____.

Accepted Answer

A)  decreased by 30;decreased by 30 
B)  increased by 20;increased by 20 
C)  increased by 30;increased by 30 
D)  increased by 40;increased by 40 
A)  decreased by 30;decreased by 30 
B)  increased by 20;increased by 20 
C)  increased by 30;increased by 30 
D)  increased by 40;increased by 40

Question 7

Use the following to answer questions:  
-(Figure: Seasonally Adjusted Unemployment Rate)Use Figure: Seasonally Adjusted Unemployment Rate.The distance between each labeled point on the horizontal axis is 1 year,and the distance between each labeled point on the vertical axis is 1 percentage point of unemployment.Using this graph,the unemployment rate was at its lowest point (in the time window shown)in _____ and at its highest point (in the time window shown)in _____.

Accepted Answer

A)  2003;2000 
B)  2007;2001 
C)  2003;1999 
D)  2000;2003 
A)  2003;2000 
B)  2007;2001 
C)  2003;1999 
D)  2000;2003

Question 8

The point at which the axes of a graph intersect is called the:

Accepted Answer

A)  slope. 
B)  origin. 
C)  graph. 
D)  intercept. 
A)  slope. 
B)  origin. 
C)  graph. 
D)  intercept.

Question 9

The fact that two variables always move together over time:

Accepted Answer

A)  does not prove that one of the variables is dependent on the other. 
B)  proves that one of the variables is dependent on the other. 
C)  proves that changes in one variable cause changes in the other. 
D)  is often illustrated or depicted using either a pie chart or a bar chart. 
A)  does not prove that one of the variables is dependent on the other. 
B)  proves that one of the variables is dependent on the other. 
C)  proves that changes in one variable cause changes in the other. 
D)  is often illustrated or depicted using either a pie chart or a bar chart.

Question 10

Use the following to answer questions:  
-(Figure: Slope)Use Figure: Slope.In the graph,the slope of the line between points A and B is:

Accepted Answer

A)  +8. 
B)  -8. 
C)  -2. 
D)  +2. 
A)  +8. 
B)  -8. 
C)  -2. 
D)  +2.

Question 11

Use the following to answer questions:  
-(Figure: Labour Force Participation Rate)Use Figure: Labour Force Participation Rate.Using the figure,the labour force participation rate for women was _____ during 1970-1985 and _____ during 1998-2006.

Accepted Answer

A)  increasing;slightly decreasing 
B)  increasing;increasing 
C)  decreasing;increasing 
D)  decreasing;constant 
A)  increasing;slightly decreasing 
B)  increasing;increasing 
C)  decreasing;increasing 
D)  decreasing;constant

Question 12

A scatter diagram shows:

Accepted Answer

A)  how far apart dependent variables are. 
B)  individual points of data showing both variable values. 
C)  the slope of a line. 
D)  the intercept of a curve. 
A)  how far apart dependent variables are. 
B)  individual points of data showing both variable values. 
C)  the slope of a line. 
D)  the intercept of a curve.

Question 13

Use the following to answer question 22:  
-(Table: Wages and Hours Willing to Work)Use Table: Wages and Hours Willing to Work.If it was graphed,the relationship between wage per hour and hours willing to work would be:

Accepted Answer

A)  linear. 
B)  coordinated. 
C)  non-linear. 
D)  negatively sloped. 
A)  linear. 
B)  coordinated. 
C)  non-linear. 
D)  negatively sloped.

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

Use the following to answer questions:  
-(Figure: Consumption of Pizza and Tacos)Use Figure: Consumption of Pizza and Tacos.The figure shows the number of tacos and pizza slices Matt can eat in a day.The best estimate of the slope between point A and point B is -4.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Use the following to answer questions:  
-(Figure: Unemployment Rate over Time)Use 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 _____%.

Accepted Answer

A)  decreased;5;4 
B)  increased;5.5;7 
C)  decreased;7.8;5 
D)  increased;4;6.3 
A)  decreased;5;4 
B)  increased;5.5;7 
C)  decreased;7.8;5 
D)  increased;4;6.3

Question 18

The relation between two variables that move in opposite directions is said to be:

Accepted Answer

A)  independent. 
B)  positive. 
C)  direct. 
D)  negative. 
A)  independent. 
B)  positive. 
C)  direct. 
D)  negative.

Question 19

Use the following to answer questions:  
-(Figure: Good X and Good Y)Use 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.

Accepted Answer

A)  decreased by 2;increased by 15 
B)  increased by 2;decreased by 15 
C)  decreased by 15;increased by 2 
D)  increased by 15;decreased by 2 
A)  decreased by 2;increased by 15 
B)  increased by 2;decreased by 15 
C)  decreased by 15;increased by 2 
D)  increased by 15;decreased by 2

Question 20

Use the following to answer questions:  
-(Figure: Seasonally Adjusted Unemployment Rate)Use Figure: Seasonally Adjusted Unemployment Rate.The distance between each labeled point on the horizontal axis is 1 year,and the distance between each labeled point on the vertical axis is 1 percentage point of unemployment.What is the approximate slope of the graph between 1/2001 and 1/2003 (using percentage point and years as the units on the vertical and horizontal axes,respectively)?

Accepted Answer

A)  2 
B)  1 
C)  -1 
D)  -2 
A)  2 
B)  1 
C)  -1 
D)  -2

A pie chart is used to depict information about:

Use the following to answer questions: -(Table: Price,Quantity Demanded,and Quantity Supplied)Use Table: Price,Quantity Demanded,and Quantity Supplied.The data in the figure suggest a non-linear relation between:

The owner of the Dismal Philosopher,one of the five bookstores on University 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 a(n):

The relation between two variables that move in the same direction is said to be:

Use the following to answer questions: -(Figure: Cold Drinks Sold and Temperature)Use 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 _.

The point at which the axes of a graph intersect is called the:

The fact that two variables always move together over time:

Use the following to answer questions: -(Figure: Slope)Use Figure: Slope.In the graph,the slope of the line between points A and B is:

Use the following to answer questions: -(Figure: Labour Force Participation Rate)Use Figure: Labour Force Participation Rate.Using the figure,the labour force participation rate for women was _ during 1970-1985 and _ during 1998-2006.

A scatter diagram shows:

Use the following to answer question 22: -(Table: Wages and Hours Willing to Work)Use 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: Consumption of Pizza and Tacos)Use Figure: Consumption of Pizza and Tacos.The figure shows the number of tacos and pizza slices Matt can eat in a day.The best estimate of the slope between point A and point B is -4.

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

Use the following to answer questions: -(Figure: Unemployment Rate over Time)Use 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 ___%.

The relation between two variables that move in opposite directions is said to be:

Use the following to answer questions: -(Figure: Good X and Good Y)Use 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.

First Principles

Economic Models: Trade-Offs and Trade

Supply and Demand

Price Controls and Quotas: Meddling With Markets

International Trade

Macroeconomics: the Big Picture

Gdp and the Cpi: Tracking the Macroeconomy

Unemployment and Inflation

Long-Run Economic Growth

Savings, Investment Spending, and the Financial System

Income and Expenditure

Aggregate Demand and Aggregate Supply

Fiscal Policy

Money, Banking, and the Federal Reserve System

Monetary Policy

Inflation, Disinflation, and Deflation

Macroeconomics: Events and Ideas

International Macroeconomics

Filters

Exam 19: Graphs in Economics

A pie chart is used to depict information about:

Use the following to answer questions: -(Table: Price,Quantity Demanded,and Quantity Supplied)Use Table: Price,Quantity Demanded,and Quantity Supplied.The data in the figure suggest a non-linear relation between:

The owner of the Dismal Philosopher,one of the five bookstores on University 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 a(n):

The relation between two variables that move in the same direction is said to be:

Use the following to answer questions: -(Figure: Cold Drinks Sold and Temperature)Use 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 _____.

The point at which the axes of a graph intersect is called the:

The fact that two variables always move together over time:

Use the following to answer questions: -(Figure: Slope)Use Figure: Slope.In the graph,the slope of the line between points A and B is:

Use the following to answer questions: -(Figure: Labour Force Participation Rate)Use Figure: Labour Force Participation Rate.Using the figure,the labour force participation rate for women was _____ during 1970-1985 and _____ during 1998-2006.

A scatter diagram shows:

Use the following to answer question 22: -(Table: Wages and Hours Willing to Work)Use 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: Consumption of Pizza and Tacos)Use Figure: Consumption of Pizza and Tacos.The figure shows the number of tacos and pizza slices Matt can eat in a day.The best estimate of the slope between point A and point B is -4.

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

Use the following to answer questions: -(Figure: Unemployment Rate over Time)Use 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 _____%.

The relation between two variables that move in opposite directions is said to be:

Use the following to answer questions: -(Figure: Good X and Good Y)Use 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.

First Principles

Economic Models: Trade-Offs and Trade

Supply and Demand

Price Controls and Quotas: Meddling With Markets

International Trade

Macroeconomics: the Big Picture

Gdp and the Cpi: Tracking the Macroeconomy

Unemployment and Inflation

Long-Run Economic Growth

Savings, Investment Spending, and the Financial System

Income and Expenditure

Aggregate Demand and Aggregate Supply

Fiscal Policy

Money, Banking, and the Federal Reserve System

Monetary Policy

Inflation, Disinflation, and Deflation

Macroeconomics: Events and Ideas

International Macroeconomics

Filters

Use the following to answer questions: -(Figure: Cold Drinks Sold and Temperature)Use 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: Labour Force Participation Rate)Use Figure: Labour Force Participation Rate.Using the figure,the labour force participation rate for women was _ during 1970-1985 and _ during 1998-2006.

Use the following to answer questions: -(Figure: Unemployment Rate over Time)Use 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: Good X and Good Y)Use 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.