Question 1

Exhibit 1-2  
-In Exhibit 1-2,when x is less than 10,the

Accepted Answer

A) value of y is larger on curve A than on curve B 
B) value of y is smaller on curve A than on curve B 
C) value of y is the same on curve A as on curve B 
D) slope of line A is negative 
E) slope of line B is positive 
A) value of y is larger on curve A than on curve B 
B) value of y is smaller on curve A than on curve B 
C) value of y is the same on curve A as on curve B 
D) slope of line A is negative 
E) slope of line B is positive

Question 2

Exhibit 1-1  
-In Exhibit 1-1 the movement from point a to point b represents

Accepted Answer

A) an increase in x of 30 units and an increase in y of 10 units 
B) an increase in x of 10 units and an increase in y of 30 units 
C) an increase in x of 60 units and a decrease in y of 20 units 
D) an increase in x of 20 units and a decrease in y of 60 units 
E) an increase in x of 20 units and a decrease in y of 30 units 
A) an increase in x of 30 units and an increase in y of 10 units 
B) an increase in x of 10 units and an increase in y of 30 units 
C) an increase in x of 60 units and a decrease in y of 20 units 
D) an increase in x of 20 units and a decrease in y of 60 units 
E) an increase in x of 20 units and a decrease in y of 30 units

Question 3

The statement that there is a direct relation between x and y means that

Accepted Answer

A) x and y move in the same direction 
B) x causes y 
C) y causes x 
D) either y causes x or x causes y 
E) the causal connection between x and y is immediate 
A) x and y move in the same direction 
B) x causes y 
C) y causes x 
D) either y causes x or x causes y 
E) the causal connection between x and y is immediate

Question 4

Exhibit 1-16          
-Refer to exhibit 1-16.Which of the graphs illustrates no relationship between variable X and variable Y?

Accepted Answer

A) a 
B) b 
C) c 
D) d 
E) e 
A) a 
B) b 
C) c 
D) d 
E) e

Question 5

A line is tangent to a curve if it

Accepted Answer

A) crosses the curve at one point 
B) touches the curve at one point,without crossing it 
C) crosses the curve at a minimum of two points 
D) never touches the curve 
E) forms a right triangle with the curve 
A) crosses the curve at one point 
B) touches the curve at one point,without crossing it 
C) crosses the curve at a minimum of two points 
D) never touches the curve 
E) forms a right triangle with the curve

Question 6

Exhibit 1-4  
-According to the curve in Exhibit 1-4,

Accepted Answer

A) if P = $8,then Q = 8 
B) if P = $10,then Q = 10 
C) Q increases as P increases 
D) Q decreases as P decreases 
E) there is a positive relation between Q and P 
A) if P = $8,then Q = 8 
B) if P = $10,then Q = 10 
C) Q increases as P increases 
D) Q decreases as P decreases 
E) there is a positive relation between Q and P

Question 7

Exhibit 1-8  
-The slope of a vertical line is

Accepted Answer

A) infinitely large 
B) zero 
C) positive 
D) negative 
E) infinitely small 
A) infinitely large 
B) zero 
C) positive 
D) negative 
E) infinitely small

Question 8

Suppose y is measured on the vertical axis,x is on the horizontal axis,and the various combinations of x and y are shown by a nonvertical straight line.Which of the following must be true?

Accepted Answer

A) There is a negative relation between x and y. 
B) There is a positive relation between x and y. 
C) There is a causal relation between x and y. 
D) If the value of x is known,the value of y can be determined. 
E) The value of y is independent of the value of x. 
A) There is a negative relation between x and y. 
B) There is a positive relation between x and y. 
C) There is a causal relation between x and y. 
D) If the value of x is known,the value of y can be determined. 
E) The value of y is independent of the value of x.

Question 9

Exhibit 1-1  
-Point a in Exhibit 1-1 represents

Accepted Answer

A) the origin 
B) x = 0,y = 50 
C) x = 50,y = 0 
D) x + y = 50 
E) y = 0; no information is given about x 
A) the origin 
B) x = 0,y = 50 
C) x = 50,y = 0 
D) x + y = 50 
E) y = 0; no information is given about x

Question 10

A straight line tangent to a curved line at a point

Accepted Answer

A) crosses the curved line at that point 
B) crosses the curved line at many points 
C) has the same slope as the curved line at that point 
D) is steeper than the curve at all other points 
E) has a smaller slope than all other points on the curve 
A) crosses the curved line at that point 
B) crosses the curved line at many points 
C) has the same slope as the curved line at that point 
D) is steeper than the curve at all other points 
E) has a smaller slope than all other points on the curve

Question 11

A graph is a

Accepted Answer

A) lengthy,inefficient,and inconvenient way to illustrate information 
B) diagram illustrating a relationship between variables 
C) method of proving causation 
D) tool for incorporating all major and minor variables in one illustration 
E) clear way to see how the fallacy of composition works 
A) lengthy,inefficient,and inconvenient way to illustrate information 
B) diagram illustrating a relationship between variables 
C) method of proving causation 
D) tool for incorporating all major and minor variables in one illustration 
E) clear way to see how the fallacy of composition works

Question 12

Exhibit 1-3  
-In Exhibit 1-3,for any value of y,the

Accepted Answer

A) value of x is larger on curve A than on curve B 
B) value of x is smaller on curve A than on curve B 
C) value of x is the same on curve A as on curve B 
D) slope of line A is increasing 
E) slope of line B is negative 
A) value of x is larger on curve A than on curve B 
B) value of x is smaller on curve A than on curve B 
C) value of x is the same on curve A as on curve B 
D) slope of line A is increasing 
E) slope of line B is negative

Question 13

Exhibit 1-1  
-In Exhibit 1-1 the movement from point a to point c represents

Accepted Answer

A) an increase in x of 30 units and an increase in y of 10 units 
B) an increase in x of 10 units and an increase in y of 30 units 
C) an increase in x of 60 units and a decrease in y of 20 units 
D) an increase in x of 20 units and a decrease in y of 60 units 
E) an increase in x of 20 units and a decrease in y of 30 units 
A) an increase in x of 30 units and an increase in y of 10 units 
B) an increase in x of 10 units and an increase in y of 30 units 
C) an increase in x of 60 units and a decrease in y of 20 units 
D) an increase in x of 20 units and a decrease in y of 60 units 
E) an increase in x of 20 units and a decrease in y of 30 units

Exhibit 1-2 -In Exhibit 1-2,when x is less than 10,the

Exhibit 1-1 -In Exhibit 1-1 the movement from point a to point b represents

The statement that there is a direct relation between x and y means that

Exhibit 1-16 -Refer to exhibit 1-16.Which of the graphs illustrates no relationship between variable X and variable Y?

A line is tangent to a curve if it

Exhibit 1-4 -According to the curve in Exhibit 1-4,

Exhibit 1-8 -The slope of a vertical line is

Suppose y is measured on the vertical axis,x is on the horizontal axis,and the various combinations of x and y are shown by a nonvertical straight line.Which of the following must be true?

Exhibit 1-1 -Point a in Exhibit 1-1 represents

A straight line tangent to a curved line at a point

A graph is a

Exhibit 1-3 -In Exhibit 1-3,for any value of y,the

Exhibit 1-1 -In Exhibit 1-1 the movement from point a to point c represents

The Art and Science of Economic Analysis

Economic Tools and Economics Systems

Economic Decision Makers

Demand, supply, and Markets

Introduction to Macroeconomics

Tracking the Useconomy

Unemployment and Inflation

Productivity and Growth

Aaggregate Expenditure and Aggregate Demand

Baggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

International Trade

Externalities and the Environment

International Finance

Economic Development

National Income Accounts

The Algebra of Demand-Side Equilibrium

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Exam 22: understanding Graphs

Exhibit 1-2 -In Exhibit 1-2,when x is less than 10,the

Exhibit 1-1 -In Exhibit 1-1 the movement from point a to point b represents

The statement that there is a direct relation between x and y means that

Exhibit 1-16 -Refer to exhibit 1-16.Which of the graphs illustrates no relationship between variable X and variable Y?

A line is tangent to a curve if it

Exhibit 1-4 -According to the curve in Exhibit 1-4,

Exhibit 1-8 -The slope of a vertical line is

Suppose y is measured on the vertical axis,x is on the horizontal axis,and the various combinations of x and y are shown by a nonvertical straight line.Which of the following must be true?

Exhibit 1-1 -Point a in Exhibit 1-1 represents

A straight line tangent to a curved line at a point

A graph is a

Exhibit 1-3 -In Exhibit 1-3,for any value of y,the

Exhibit 1-1 -In Exhibit 1-1 the movement from point a to point c represents

The Art and Science of Economic Analysis

Economic Tools and Economics Systems

Economic Decision Makers

Demand, supply, and Markets

Introduction to Macroeconomics

Tracking the Useconomy

Unemployment and Inflation

Productivity and Growth

Aaggregate Expenditure and Aggregate Demand

Baggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

International Trade

Externalities and the Environment

International Finance

Economic Development

National Income Accounts

The Algebra of Demand-Side Equilibrium

Filters