Exam 1: Getting Started

Suppose the relationship between a person's age and his or her height is plotted with the age measured along the x-axis and the height measured along the y-axis.Then,the curve showing this relationship is

If a decision is made and it is the best choice for society,the decision is said to be

All economic questions and problems arise from

"Lower ticket prices would lead to more people attending ballgames." This statement is a

A straight line falls when moving rightward along it.Hence the slope of the line is

When a landscaping company decides to use drafting software and computers instead of hiring designers to draw design plans by hand,it is answering the ________ question.

If two variables are positively related,then

When Ford decides to increase production of hybrid cars,it directly answers the ________ question.

Microeconomics includes the study of the

To economists,scarcity means that

When Gabriel made a rational choice to spend his entire allowance on candy bars,he did so by comparing the

Which type of economic graph reveals trends in data?

The cost of a one-unit increase in an activity is called the

-The table above shows how the number of books Katie buys each year depends on her income a.What kind of relationship exists between Katie's income and the number of books she purchases? b.Plot the relationship between Katie's income and the number of books she purchases in the above figure.Measure income along the vertical axis and the number of books along the horizontal axis.Be sure to label the axes. c.What is the slope of the relationship between $50,000 and $70,000 of income? d.What is the slope of the relationship between $90,000 and $110,000 of income? e.Comment on the similarity or dissimilarity of your answers to parts (c)and (d).

The Latin term "ceteris paribus" means

-In the above figure,as the y variable increases,

A trend is

Why is the benefit of something measured by what you are willing to give up?

-In the above,which figure(s)show(s)both a positive and a negative relationship between the variables?

Which of the following statements is a normative statement?