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Deck 32: Graphs in Economics
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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.
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
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.
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
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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 B to point C in the figure, the outside temperature has ______ degrees and the number of cold drinks sold has ______.
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
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 B to point C in the figure, the outside temperature has ______ degrees and the number of cold drinks sold has ______.
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
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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 ______.
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
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 ______.
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
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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 ______.
A) decreased by 30; increased by 30
B) increased by 20; decreased by 20
C) increased by 30; decreased by 30
D) increased by 40; decreased by 40
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 ______.
A) decreased by 30; increased by 30
B) increased by 20; decreased by 20
C) increased by 30; decreased by 30
D) increased by 40; decreased by 40
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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 ______.
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
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 ______.
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
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Figure: Demand and Supply of Shirts
(Figure: Demand and Supply of Shirts) Look at the figure Demand and Supply of Shirts. In the graph, if the line labeled D shows how many shirts per week will be demanded at various prices, then it is clear that as the price of shirts falls:
A) fewer shirts will be demanded.
B) more shirts will be demanded.
C) the same quantity of shirts will be demanded.
D) it is unclear what will happen to the demand for shirts.
Figure: Demand and Supply of Shirts
(Figure: Demand and Supply of Shirts) Look at the figure Demand and Supply of Shirts. In the graph, if the line labeled D shows how many shirts per week will be demanded at various prices, then it is clear that as the price of shirts falls:
A) fewer shirts will be demanded.
B) more shirts will be demanded.
C) the same quantity of shirts will be demanded.
D) it is unclear what will happen to the demand for shirts.
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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 B to point C in the figure, the x-variable has ______ units and the y-variable has ______ units.
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
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 B to point C in the figure, the x-variable has ______ units and the y-variable has ______ units.
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
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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 J to point L in the figure, the outside temperature has ______ degrees and the number of hot drinks sold has ______.
A) decreased by 30; increased by 30
B) increased by 20; decreased by 20
C) increased by 30; decreased by 30
D) increased by 40; decreased by 40
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 J to point L in the figure, the outside temperature has ______ degrees and the number of hot drinks sold has ______.
A) decreased by 30; increased by 30
B) increased by 20; decreased by 20
C) increased by 30; decreased by 30
D) increased by 40; decreased by 40
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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 L to point M in the figure, the outside temperature has ______ degrees and the number of hot drinks sold has ______.
A) decreased by 30; increased by 30
B) increased by 20; decreased by 20
C) increased by 30; decreased by 30
D) increased by 40; decreased by 40
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 L to point M in the figure, the outside temperature has ______ degrees and the number of hot drinks sold has ______.
A) decreased by 30; increased by 30
B) increased by 20; decreased by 20
C) increased by 30; decreased by 30
D) increased by 40; decreased by 40
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(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 ______.
A) quiz score; y = 2; -2
B) quiz score; x = 0; -2
C) hours studied; y = 0; +2
D) hours studied; y = 2; +2
(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 ______.
A) quiz score; y = 2; -2
B) quiz score; x = 0; -2
C) hours studied; y = 0; +2
D) hours studied; y = 2; +2
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Figure: Illustrating Slope
(Figure: Illustrating Slope) Look at the figure Illustrating Slope. In the graph, line 3 depicts X and Y to be:
A) positively related.
B) unrelated.
C) negatively related.
D) both constants.
Figure: Illustrating Slope
(Figure: Illustrating Slope) Look at the figure Illustrating Slope. In the graph, line 3 depicts X and Y to be:
A) positively related.
B) unrelated.
C) negatively related.
D) both constants.
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Figure: Y = f(X)
(Figure: Y = f(X) Look at the figure Y = f(X). The slope of the relation between x and y:
A) is positive and constant.
B) is negative and getting steeper.
C) is positive and getting steeper.
D) is positive and getting flatter.
Figure: Y = f(X)
(Figure: Y = f(X) Look at the figure Y = f(X). The slope of the relation between x and y:
A) is positive and constant.
B) is negative and getting steeper.
C) is positive and getting steeper.
D) is positive and getting flatter.
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(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. A straight line represents the relation between:
A) price and quantity demanded.
B) price and quantity supplied.
C) price and quantity demanded minus quantity supplied.
D) quantity demanded and quantity supplied.
(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. A straight line represents the relation between:
A) price and quantity demanded.
B) price and quantity supplied.
C) price and quantity demanded minus quantity supplied.
D) quantity demanded and quantity supplied.
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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. Using this graph, the unemployment rate was at a minimum in ______ and a maximum in ______.
A) 2003; 2000
B) 2007; 2001
C) 2003; 1999
D) 2000; 2003
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. Using this graph, the unemployment rate was at a minimum in ______ and a maximum in ______.
A) 2003; 2000
B) 2007; 2001
C) 2003; 1999
D) 2000; 2003
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Figure: Slope
(Figure: Slope) Look at the figure Slope. In the graph, the slope of the line between points A and B is:
A) +8.
B) -8.
C) -2.
D) +2.
Figure: Slope
(Figure: Slope) Look at the figure Slope. In the graph, the slope of the line between points A and B is:
A) +8.
B) -8.
C) -2.
D) +2.
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Figure: Illustrating Slope
(Figure: Illustrating Slope) Look at the figure Illustrating Slope. In the graph, line 1 depicts X and Y to be:
A) positively related.
B) nonlinearly related.
C) unrelated.
D) negatively related.
Figure: Illustrating Slope
(Figure: Illustrating Slope) Look at the figure Illustrating Slope. In the graph, line 1 depicts X and Y to be:
A) positively related.
B) nonlinearly related.
C) unrelated.
D) negatively related.
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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 1/2003 and ______ between 1/2007 and 1/2008.
A) increasing; decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; decreasing
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 1/2003 and ______ between 1/2007 and 1/2008.
A) increasing; decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; decreasing
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Figure: Slope
(Figure: Slope) Look at the figure Slope. The slope of the line in the graph can be calculated by:
A) dividing the horizontal change by the vertical change.
B) dividing the vertical change by the horizontal change.
C) subtracting the sum of the Y values from the sum of the X values.
D) adding the sum of the X values to the sum of the Y values.
Figure: Slope
(Figure: Slope) Look at the figure Slope. The slope of the line in the graph can be calculated by:
A) dividing the horizontal change by the vertical change.
B) dividing the vertical change by the horizontal change.
C) subtracting the sum of the Y values from the sum of the X values.
D) adding the sum of the X values to the sum of the Y values.
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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:
A) linear.
B) coordinated.
C) nonlinear.
D) negatively sloped.
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:
A) linear.
B) coordinated.
C) nonlinear.
D) negatively sloped.
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(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. The slope of the line representing the relation between price on the vertical axis and quantity supplied on the horizontal axis is:
A) equal to 1/2.
B) equal to 1.
C) equal to 2.
D) different at different points on the line.
(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. The slope of the line representing the relation between price on the vertical axis and quantity supplied on the horizontal axis is:
A) equal to 1/2.
B) equal to 1.
C) equal to 2.
D) different at different points on the line.
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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.
A) increasing; decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; decreasing
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.
A) increasing; decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; decreasing
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(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. The slope of the line representing the relationship between price on the vertical axis and quantity demanded on the horizontal axis is:
A) equal to 1/2.
B) equal to 1.
C) equal to 2.
D) different at different points on the line.
(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. The slope of the line representing the relationship between price on the vertical axis and quantity demanded on the horizontal axis is:
A) equal to 1/2.
B) equal to 1.
C) equal to 2.
D) different at different points on the line.
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Figure: Demand and Supply of Shirts
(Figure: Demand and Supply of Shirts) Look at the figure Demand and Supply of Shirts. If the line labeled S shows how many shirts per week will be offered for sale at various prices, then it is clear that for supply, quantity and price are:
A) the same.
B) positively related.
C) negatively related.
D) not related.
Figure: Demand and Supply of Shirts
(Figure: Demand and Supply of Shirts) Look at the figure Demand and Supply of Shirts. If the line labeled S shows how many shirts per week will be offered for sale at various prices, then it is clear that for supply, quantity and price are:
A) the same.
B) positively related.
C) negatively related.
D) not related.
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Figure: Labor Force Participation Rate
(Figure: Labor Force Participation Rate) Look at the figure Labor Force Participation Rate. During 1970-1985, the labor force participation rate was _____ for women and _____ for men.
A) increasing; decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; decreasing
Figure: Labor Force Participation Rate
(Figure: Labor Force Participation Rate) Look at the figure Labor Force Participation Rate. During 1970-1985, the labor force participation rate was _____ for women and _____ for men.
A) increasing; decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; decreasing
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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. What is the approximate slope of the graph between 1/2004 and 1/2006?
A) 1/2
B) 1
C) -1/2
D) -2
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. What is the approximate slope of the graph between 1/2004 and 1/2006?
A) 1/2
B) 1
C) -1/2
D) -2
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Table: Wages and Hours Willing to Work
(Table: Wages and Hours Willing to Work) Look at the table Wages and Hours Willing to Work, which shows data on wage per hour and the number of hours someone is willing to work. Which variable would economists put on the vertical axis?
A) Either variable
B) the wage, because even though it is the independent variable, it is a price
C) hours willing to work, because it is the dependent variable
D) neither variable
Table: Wages and Hours Willing to Work
(Table: Wages and Hours Willing to Work) Look at the table Wages and Hours Willing to Work, which shows data on wage per hour and the number of hours someone is willing to work. Which variable would economists put on the vertical axis?
A) Either variable
B) the wage, because even though it is the independent variable, it is a price
C) hours willing to work, because it is the dependent variable
D) neither variable
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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.
A) increasing; slightly decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; constant
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.
A) increasing; slightly decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; constant
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(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. The data in the figure suggest a nonlinear relation between:
A) price and quantity demanded.
B) price and quantity supplied.
C) quantity demanded and quantity supplied.
D) The table does not show a nonlinear relation.
(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. The data in the figure suggest a nonlinear relation between:
A) price and quantity demanded.
B) price and quantity supplied.
C) quantity demanded and quantity supplied.
D) The table does not show a nonlinear relation.
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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. What is the approximate slope of the graph between 1/2001 and 1/2003?
A) 2
B) 1
C) -1
D) -2
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. What is the approximate slope of the graph between 1/2001 and 1/2003?
A) 2
B) 1
C) -1
D) -2
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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 best estimate of the slope between point A and point B is -4.
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 best estimate of the slope between point A and point B is -4.
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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 _____.
A) decreased; 5%; 4%
B) increased; 5.3%; 7.3%
C) decreased; 7.8%; 5.5%
D) increased; 4%; 6.3%
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 _____.
A) decreased; 5%; 4%
B) increased; 5.3%; 7.3%
C) decreased; 7.8%; 5.5%
D) increased; 4%; 6.3%
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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 _____.
A) decreased; 5%; 4%
B) increased; 5.5%; 7%
C) decreased; 7.8%; 5%
D) increased; 4%; 6.3%
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 _____.
A) decreased; 5%; 4%
B) increased; 5.5%; 7%
C) decreased; 7.8%; 5%
D) increased; 4%; 6.3%
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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 the beginning of 2001 to the beginning of 2003, we see that the unemployment rate has _____ from approximately _____ to approximately _____.
A) decreased; 5%; 4%
B) increased; 5.3%; 7.3%
C) decreased; 7.7%; 5.5%
D) increased; 4%; 6%
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 the beginning of 2001 to the beginning of 2003, we see that the unemployment rate has _____ from approximately _____ to approximately _____.
A) decreased; 5%; 4%
B) increased; 5.3%; 7.3%
C) decreased; 7.7%; 5.5%
D) increased; 4%; 6%
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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 _____.
A) decreased; 5%; 4%
B) increased; 5.3%; 7.3%
C) decreased; 7%; 5.5%
D) increased; 4%; 6.3%
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 _____.
A) decreased; 5%; 4%
B) increased; 5.3%; 7.3%
C) decreased; 7%; 5.5%
D) increased; 4%; 6.3%
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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.
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.
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Deck 32: Graphs in Economics
1
In the graph of a curve, the vertical intercept is:
A) the value of the y-variable when the value of the x-variable is equal to zero.
B) the change in the y-variable between two points divided by the change in the x-variable between those same two points.
C) the value of the y-variable when the value of the slope is equal to zero.
D) the value of the x-variable when the value of the y-variable is equal to zero.
A) the value of the y-variable when the value of the x-variable is equal to zero.
B) the change in the y-variable between two points divided by the change in the x-variable between those same two points.
C) the value of the y-variable when the value of the slope is equal to zero.
D) the value of the x-variable when the value of the y-variable is equal to zero.
the value of the y-variable when the value of the x-variable is equal to zero.
2
The point at which the axes of a graph intersect is called the:
A) slope.
B) origin.
C) graph.
D) intercept.
A) slope.
B) origin.
C) graph.
D) intercept.
origin.
3
If two variables are negatively related, they will always be represented by:
A) a line or curve that slopes downward.
B) a straight line.
C) a horizontal line.
D) a line or curve that slopes upward.
A) a line or curve that slopes downward.
B) a straight line.
C) a horizontal line.
D) a line or curve that slopes upward.
a line or curve that slopes downward.
4
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.
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
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.
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
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5
The relation between two variables that move in the same direction is said to be:
A) independent.
B) neutral.
C) positive.
D) indirect.
A) independent.
B) neutral.
C) positive.
D) indirect.
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6
If two variables are negatively related:
A) as one goes up in value, the other must go up in value, too.
B) as one goes up in value, the other must go down in value.
C) there can never be a trade-off between the two.
D) one variable is always the reciprocal of the other.
A) as one goes up in value, the other must go up in value, too.
B) as one goes up in value, the other must go down in value.
C) there can never be a trade-off between the two.
D) one variable is always the reciprocal of the other.
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7
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 B to point C in the figure, the outside temperature has ______ degrees and the number of cold drinks sold has ______.
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
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 B to point C in the figure, the outside temperature has ______ degrees and the number of cold drinks sold has ______.
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
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8
The relation between two variables that move in opposite directions is said to be:
A) independent.
B) positive.
C) direct.
D) negative.
A) independent.
B) positive.
C) direct.
D) negative.
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9
If two variables are positively related, on a graph they will always be represented by:
A) a line or curve that slopes downward.
B) a straight line.
C) a horizontal line.
D) a line or curve that slopes upward.
A) a line or curve that slopes downward.
B) a straight line.
C) a horizontal line.
D) a line or curve that slopes upward.
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10
On a graph representing two variables:
A) a positive slope of a curve means the variables are negatively related.
B) a negative slope of a curve means the two variables are positively related.
C) a line that is horizontal has a zero slope.
D) a line that is vertical has a zero slope.
A) a positive slope of a curve means the variables are negatively related.
B) a negative slope of a curve means the two variables are positively related.
C) a line that is horizontal has a zero slope.
D) a line that is vertical has a zero slope.
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11
If two variables are positively related:
A) as one goes up in value, the other must go up in value, too.
B) as one goes up in value, the other must go down in value.
C) there is always a trade-off between the two.
D) one variable is always the reciprocal of the other.
A) as one goes up in value, the other must go up in value, too.
B) as one goes up in value, the other must go down in value.
C) there is always a trade-off between the two.
D) one variable is always the reciprocal of the other.
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12
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 ______.
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
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 ______.
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
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13
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 ______.
A) decreased by 30; increased by 30
B) increased by 20; decreased by 20
C) increased by 30; decreased by 30
D) increased by 40; decreased by 40
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 ______.
A) decreased by 30; increased by 30
B) increased by 20; decreased by 20
C) increased by 30; decreased by 30
D) increased by 40; decreased by 40
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14
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 ______.
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
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 ______.
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
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15
Use the following to answer questions
Figure: Demand and Supply of Shirts
(Figure: Demand and Supply of Shirts) Look at the figure Demand and Supply of Shirts. In the graph, if the line labeled D shows how many shirts per week will be demanded at various prices, then it is clear that as the price of shirts falls:
A) fewer shirts will be demanded.
B) more shirts will be demanded.
C) the same quantity of shirts will be demanded.
D) it is unclear what will happen to the demand for shirts.
Figure: Demand and Supply of Shirts
(Figure: Demand and Supply of Shirts) Look at the figure Demand and Supply of Shirts. In the graph, if the line labeled D shows how many shirts per week will be demanded at various prices, then it is clear that as the price of shirts falls:
A) fewer shirts will be demanded.
B) more shirts will be demanded.
C) the same quantity of shirts will be demanded.
D) it is unclear what will happen to the demand for shirts.
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16
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 B to point C in the figure, the x-variable has ______ units and the y-variable has ______ units.
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
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 B to point C in the figure, the x-variable has ______ units and the y-variable has ______ units.
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
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17
The ______ of a curve shows the point at which the curve intersects an axis.
A) slope
B) steepness
C) intercept
D) origin
A) slope
B) steepness
C) intercept
D) origin
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18
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 J to point L in the figure, the outside temperature has ______ degrees and the number of hot drinks sold has ______.
A) decreased by 30; increased by 30
B) increased by 20; decreased by 20
C) increased by 30; decreased by 30
D) increased by 40; decreased by 40
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 J to point L in the figure, the outside temperature has ______ degrees and the number of hot drinks sold has ______.
A) decreased by 30; increased by 30
B) increased by 20; decreased by 20
C) increased by 30; decreased by 30
D) increased by 40; decreased by 40
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19
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 L to point M in the figure, the outside temperature has ______ degrees and the number of hot drinks sold has ______.
A) decreased by 30; increased by 30
B) increased by 20; decreased by 20
C) increased by 30; decreased by 30
D) increased by 40; decreased by 40
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 L to point M in the figure, the outside temperature has ______ degrees and the number of hot drinks sold has ______.
A) decreased by 30; increased by 30
B) increased by 20; decreased by 20
C) increased by 30; decreased by 30
D) increased by 40; decreased by 40
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20
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 ______.
A) quiz score; y = 2; -2
B) quiz score; x = 0; -2
C) hours studied; y = 0; +2
D) hours studied; y = 2; +2
(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 ______.
A) quiz score; y = 2; -2
B) quiz score; x = 0; -2
C) hours studied; y = 0; +2
D) hours studied; y = 2; +2
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21
Use the following to answer questions
Figure: Illustrating Slope
(Figure: Illustrating Slope) Look at the figure Illustrating Slope. In the graph, line 3 depicts X and Y to be:
A) positively related.
B) unrelated.
C) negatively related.
D) both constants.
Figure: Illustrating Slope
(Figure: Illustrating Slope) Look at the figure Illustrating Slope. In the graph, line 3 depicts X and Y to be:
A) positively related.
B) unrelated.
C) negatively related.
D) both constants.
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22
Use the following to answer question
Figure: Y = f(X)
(Figure: Y = f(X) Look at the figure Y = f(X). The slope of the relation between x and y:
A) is positive and constant.
B) is negative and getting steeper.
C) is positive and getting steeper.
D) is positive and getting flatter.
Figure: Y = f(X)
(Figure: Y = f(X) Look at the figure Y = f(X). The slope of the relation between x and y:
A) is positive and constant.
B) is negative and getting steeper.
C) is positive and getting steeper.
D) is positive and getting flatter.
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23
Use the following to answer questions :
(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. A straight line represents the relation between:
A) price and quantity demanded.
B) price and quantity supplied.
C) price and quantity demanded minus quantity supplied.
D) quantity demanded and quantity supplied.
(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. A straight line represents the relation between:
A) price and quantity demanded.
B) price and quantity supplied.
C) price and quantity demanded minus quantity supplied.
D) quantity demanded and quantity supplied.
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24
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. Using this graph, the unemployment rate was at a minimum in ______ and a maximum in ______.
A) 2003; 2000
B) 2007; 2001
C) 2003; 1999
D) 2000; 2003
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. Using this graph, the unemployment rate was at a minimum in ______ and a maximum in ______.
A) 2003; 2000
B) 2007; 2001
C) 2003; 1999
D) 2000; 2003
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25
Use the following to answer questions
Figure: Slope
(Figure: Slope) Look at the figure Slope. In the graph, the slope of the line between points A and B is:
A) +8.
B) -8.
C) -2.
D) +2.
Figure: Slope
(Figure: Slope) Look at the figure Slope. In the graph, the slope of the line between points A and B is:
A) +8.
B) -8.
C) -2.
D) +2.
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26
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:
A) positively related.
B) nonlinearly related.
C) unrelated.
D) negatively related.
Figure: Illustrating Slope
(Figure: Illustrating Slope) Look at the figure Illustrating Slope. In the graph, line 1 depicts X and Y to be:
A) positively related.
B) nonlinearly related.
C) unrelated.
D) negatively related.
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27
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 1/2003 and ______ between 1/2007 and 1/2008.
A) increasing; decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; decreasing
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 1/2003 and ______ between 1/2007 and 1/2008.
A) increasing; decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; decreasing
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28
Use the following to answer questions
Figure: Slope
(Figure: Slope) Look at the figure Slope. The slope of the line in the graph can be calculated by:
A) dividing the horizontal change by the vertical change.
B) dividing the vertical change by the horizontal change.
C) subtracting the sum of the Y values from the sum of the X values.
D) adding the sum of the X values to the sum of the Y values.
Figure: Slope
(Figure: Slope) Look at the figure Slope. The slope of the line in the graph can be calculated by:
A) dividing the horizontal change by the vertical change.
B) dividing the vertical change by the horizontal change.
C) subtracting the sum of the Y values from the sum of the X values.
D) adding the sum of the X values to the sum of the Y values.
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29
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:
A) linear.
B) coordinated.
C) nonlinear.
D) negatively sloped.
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:
A) linear.
B) coordinated.
C) nonlinear.
D) negatively sloped.
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30
Use the following to answer questions :
(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. The slope of the line representing the relation between price on the vertical axis and quantity supplied on the horizontal axis is:
A) equal to 1/2.
B) equal to 1.
C) equal to 2.
D) different at different points on the line.
(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. The slope of the line representing the relation between price on the vertical axis and quantity supplied on the horizontal axis is:
A) equal to 1/2.
B) equal to 1.
C) equal to 2.
D) different at different points on the line.
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31
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.
A) increasing; decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; decreasing
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.
A) increasing; decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; decreasing
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32
Use the following to answer questions :
(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. The slope of the line representing the relationship between price on the vertical axis and quantity demanded on the horizontal axis is:
A) equal to 1/2.
B) equal to 1.
C) equal to 2.
D) different at different points on the line.
(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. The slope of the line representing the relationship between price on the vertical axis and quantity demanded on the horizontal axis is:
A) equal to 1/2.
B) equal to 1.
C) equal to 2.
D) different at different points on the line.
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33
Use the following to answer questions
Figure: Demand and Supply of Shirts
(Figure: Demand and Supply of Shirts) Look at the figure Demand and Supply of Shirts. If the line labeled S shows how many shirts per week will be offered for sale at various prices, then it is clear that for supply, quantity and price are:
A) the same.
B) positively related.
C) negatively related.
D) not related.
Figure: Demand and Supply of Shirts
(Figure: Demand and Supply of Shirts) Look at the figure Demand and Supply of Shirts. If the line labeled S shows how many shirts per week will be offered for sale at various prices, then it is clear that for supply, quantity and price are:
A) the same.
B) positively related.
C) negatively related.
D) not related.
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34
Use the following to answer questions
Figure: Labor Force Participation Rate
(Figure: Labor Force Participation Rate) Look at the figure Labor Force Participation Rate. During 1970-1985, the labor force participation rate was _____ for women and _____ for men.
A) increasing; decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; decreasing
Figure: Labor Force Participation Rate
(Figure: Labor Force Participation Rate) Look at the figure Labor Force Participation Rate. During 1970-1985, the labor force participation rate was _____ for women and _____ for men.
A) increasing; decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; decreasing
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35
The ratio of the change in the variable on the vertical axis to the change in the variable on the horizontal axis, measured between two points on the curve, is the:
A) axis.
B) slope.
C) dependent variable.
D) independent variable.
A) axis.
B) slope.
C) dependent variable.
D) independent variable.
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36
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. What is the approximate slope of the graph between 1/2004 and 1/2006?
A) 1/2
B) 1
C) -1/2
D) -2
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. What is the approximate slope of the graph between 1/2004 and 1/2006?
A) 1/2
B) 1
C) -1/2
D) -2
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37
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, which shows data on wage per hour and the number of hours someone is willing to work. Which variable would economists put on the vertical axis?
A) Either variable
B) the wage, because even though it is the independent variable, it is a price
C) hours willing to work, because it is the dependent variable
D) neither variable
Table: Wages and Hours Willing to Work
(Table: Wages and Hours Willing to Work) Look at the table Wages and Hours Willing to Work, which shows data on wage per hour and the number of hours someone is willing to work. Which variable would economists put on the vertical axis?
A) Either variable
B) the wage, because even though it is the independent variable, it is a price
C) hours willing to work, because it is the dependent variable
D) neither variable
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38
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.
A) increasing; slightly decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; constant
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.
A) increasing; slightly decreasing
B) increasing; increasing
C) decreasing; increasing
D) decreasing; constant
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39
Use the following to answer questions :
(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. The data in the figure suggest a nonlinear relation between:
A) price and quantity demanded.
B) price and quantity supplied.
C) quantity demanded and quantity supplied.
D) The table does not show a nonlinear relation.
(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. The data in the figure suggest a nonlinear relation between:
A) price and quantity demanded.
B) price and quantity supplied.
C) quantity demanded and quantity supplied.
D) The table does not show a nonlinear relation.
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40
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. What is the approximate slope of the graph between 1/2001 and 1/2003?
A) 2
B) 1
C) -1
D) -2
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. What is the approximate slope of the graph between 1/2001 and 1/2003?
A) 2
B) 1
C) -1
D) -2
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41
A scatter diagram shows:
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.
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42
In a time-series graph, large changes can be made to appear trivial by:
A) changing the scale of the axes.
B) labeling more intervals.
C) defining the dependent variable.
D) defining the independent variable.
A) changing the scale of the axes.
B) labeling more intervals.
C) defining the dependent variable.
D) defining the independent variable.
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43
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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 best estimate of the slope between point A and point B is -4.
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 best estimate of the slope between point A and point B is -4.
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44
Taylor sees a bar graph showing the average weight of adult males over the past 200 years and concludes that men get more obese over time. Taylor's conclusion may be wrong, since she did not consider:
A) the features of construction.
B) omitted variables.
C) reverse causality.
D) tangent lines.
A) the features of construction.
B) omitted variables.
C) reverse causality.
D) tangent lines.
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45
A pie chart is used to depict information about:
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.
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46
In looking at a chart of the positive relationship between police officers and crime, the mayor remarks that more police officers cause more crime. The mayor may be wrong because she did not consider:
A) the features of construction.
B) omitted variables.
C) reverse causality.
D) tangent lines.
A) the features of construction.
B) omitted variables.
C) reverse causality.
D) tangent lines.
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47
Your boss asks you to graph company profits for the past 10 years. The best way to show this information is with:
A) a scatter diagram.
B) a pie chart.
C) a time-series graph.
D) an independent graph.
A) a scatter diagram.
B) a pie chart.
C) a time-series graph.
D) an independent graph.
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48
If a supply curve is represented by the equation Q = 10 + 2P, what is its slope?
A) 1/2
B) 1
C) 2
D) 5
A) 1/2
B) 1
C) 2
D) 5
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49
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 _____.
A) decreased; 5%; 4%
B) increased; 5.3%; 7.3%
C) decreased; 7.8%; 5.5%
D) increased; 4%; 6.3%
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 _____.
A) decreased; 5%; 4%
B) increased; 5.3%; 7.3%
C) decreased; 7.8%; 5.5%
D) increased; 4%; 6.3%
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50
The fact that two variables always move together over time:
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.
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51
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 _____.
A) decreased; 5%; 4%
B) increased; 5.5%; 7%
C) decreased; 7.8%; 5%
D) increased; 4%; 6.3%
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 _____.
A) decreased; 5%; 4%
B) increased; 5.5%; 7%
C) decreased; 7.8%; 5%
D) increased; 4%; 6.3%
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52
The scaling of the axes of a time-series graph:
A) is not a critical element in presenting the intended information.
B) may change the interpretation of the data.
C) generally places the time period on the vertical axis.
D) generally puts values of a variable, such as the unemployment rate, on the vertical axis.
A) is not a critical element in presenting the intended information.
B) may change the interpretation of the data.
C) generally places the time period on the vertical axis.
D) generally puts values of a variable, such as the unemployment rate, on the vertical axis.
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53
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:
A) a scatter diagram.
B) a pie chart.
C) a time-series graph.
D) an independent graph.
A) a scatter diagram.
B) a pie chart.
C) a time-series graph.
D) an independent graph.
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54
A positive relationship between swimsuits purchased and ice cream purchased could be the result of:
A) reverse causality.
B) a magnified scale on the swimsuit axis.
C) a truncation of the ice cream axis.
D) an omitted variable, such as the external temperature.
A) reverse causality.
B) a magnified scale on the swimsuit axis.
C) a truncation of the ice cream axis.
D) an omitted variable, such as the external temperature.
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55
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 the beginning of 2001 to the beginning of 2003, we see that the unemployment rate has _____ from approximately _____ to approximately _____.
A) decreased; 5%; 4%
B) increased; 5.3%; 7.3%
C) decreased; 7.7%; 5.5%
D) increased; 4%; 6%
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 the beginning of 2001 to the beginning of 2003, we see that the unemployment rate has _____ from approximately _____ to approximately _____.
A) decreased; 5%; 4%
B) increased; 5.3%; 7.3%
C) decreased; 7.7%; 5.5%
D) increased; 4%; 6%
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56
Professor Macro wants to use a numerical graph to show the percentage of government spending accounted for by its various components. Which of the following graphs is most suitable for this purpose?
A) bar graph
B) pie chart
C) time-series graph
D) scatter diagram
A) bar graph
B) pie chart
C) time-series graph
D) scatter diagram
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57
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 _____.
A) decreased; 5%; 4%
B) increased; 5.3%; 7.3%
C) decreased; 7%; 5.5%
D) increased; 4%; 6.3%
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 _____.
A) decreased; 5%; 4%
B) increased; 5.3%; 7.3%
C) decreased; 7%; 5.5%
D) increased; 4%; 6.3%
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58
A bar graph:
A) shows the relative amounts attributable to different categories.
B) may be shown by vertical bars to illustrate the comparative sizes of different observations.
C) may be shown by horizontal bars to illustrate the comparative sizes of different observations.
D) A, B, and C.
A) shows the relative amounts attributable to different categories.
B) may be shown by vertical bars to illustrate the comparative sizes of different observations.
C) may be shown by horizontal bars to illustrate the comparative sizes of different observations.
D) A, B, and C.
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59
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.
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.
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60
A ______ graph shows how the value of one or more variables has changed over some period.
A) linear
B) time-series
C) nonlinear
D) periodic table
A) linear
B) time-series
C) nonlinear
D) periodic table
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61
A linear curve has the same slope between every pair of points.
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62
An economist wishes to build a model to explain the relationship between the number of diamonds purchased every year and the average income of consumers in that year. Which variable should be the dependent variable and which should be the independent variable? All else equal, do you expect this relationship to be positive or negative? Explain.
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63
A town hires more police officers and then has an increase in arrests. One can conclude that the larger police force caused more crime.
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64
The owner of the Dismal Philosopher, one of the five bookstores on College Road, asks you to make a graph showing each College Road bookstore's share of all five stores' book purchases. A good way to show this information is with a pie chart.
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Unlock Deck
Unlock for access to all 64 flashcards in this deck.
