Question 1

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

Accepted Answer

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

Question 2

Use the following to answer questions: 
-(Figure: Illustrating Slope)Use Figure: Illustrating Slope.In the graph,line 3 depicts X and Y to be:

Accepted Answer

A)  positively related. 
B)  unrelated. 
C)  negatively related. 
D)  both fixed in value.

Question 3

Use the following to answer question 19: 
-(Table: Hours Studied and Quiz Score)Use 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 _____.

Accepted Answer

A)  quiz score;y = 2;-2 
B)  quiz score;x = 0;-2 
C)  hours studied;y = 0;+2 
D)  hours studied;y = 2;+2

Question 4

A bar graph:

Accepted Answer

A)  is useful when showing what has happened over time. 
B)  may be shown by vertical bars to illustrate the comparative sizes of different observations. 
C)  is useful when the true direction of causality between two variables is reversed. 
D)  shows the percentages of a total amount that can be attributed to various components.

Question 5

Use the following to answer questions: 
-(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 _____.

Accepted Answer

A)  decreased;5%;4% 
B)  increased;5.3%;7.3% 
C)  decreased;7.7%;5.5% 
D)  increased;4%;6%

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 E 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

Question 7

Use the following to answer questions: 
-(Figure: Demand and Supply of Shirts)Use 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:

Accepted Answer

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 quantity of shirts demanded.

Question 8

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

Accepted Answer

A)  line or curve that slopes downward. 
B)  straight line. 
C)  horizontal line. 
D)  line or curve that slopes upward.

Question 9

If two variables are positively related:

Accepted Answer

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 no relationship between the two. 
D)  one variable is always the reciprocal of the other.

Question 10

Use the following to answer questions: 
-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:

Accepted Answer

A)  axis. 
B)  slope. 
C)  dependent variable. 
D)  independent variable.

Question 11

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 1993 to 1995,we see that the unemployment rate has _____ from approximately _____% to approximately _____%.

Accepted Answer

A)  decreased;5;4 
B)  increased;5.3;7.3 
C)  decreased;7;5.5 
D)  increased;4;6.3

Question 12

Use the following to answer questions: 
-In the graph of a curve,the vertical intercept is the:

Accepted Answer

A)  value of the y-variable when the value of the x-variable is equal to zero. 
B)  change in the y-variable between two points divided by the change in the x-variable between those same two points. 
C)  value of the y-variable when the value of the slope is equal to zero. 
D)  value of the x-variable when the value of the y-variable is equal to zero.

Question 13

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

Accepted Answer

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

Question 14

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 1997 to 2001,we see that the unemployment rate has _____ from approximately _____% to approximately _____%.

Accepted Answer

A)  decreased;5;4 
B)  increased;5.3;7.3 
C)  decreased;7.8;5.5 
D)  increased;4;6.3

Question 15

Your boss asks you to graph company profits for the past 10 years.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.

Question 16

If two variables are negatively related:

Accepted Answer

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 no relationship between the two. 
D)  one variable is always the reciprocal of the other.

Question 17

Professor Macro wants to use a numerical graph to show the percentage of government spending accounted for by its various components.Which graph is MOST suitable for this purpose?

Accepted Answer

A)  a bar graph 
B)  a pie chart 
C)  a time-series graph 
D)  a scatter diagram

Question 18

A _____ graph shows how the value of one or more variables has changed over some period.

Accepted Answer

A)  linear 
B)  time-series 
C)  non-linear 
D)  periodic table

Question 19

In a time-series graph,large changes can be made to appear insignificant by:

Accepted Answer

A)  changing the scale of the axes. 
B)  labeling more intervals. 
C)  defining the dependent variable. 
D)  defining the independent variable.

Question 20

The _____ of a curve shows the point at which the curve intersects an axis.

Accepted Answer

A)  slope 
B)  steepness 
C)  intercept 
D)  origin

Exam 19: Graphs in Economics

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

Use the following to answer questions: -(Figure: Illustrating Slope) Use Figure: Illustrating Slope.In the graph,line 3 depicts X and Y to be:

A bar graph:

Use the following to answer questions: -(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 ___.

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 E in the figure,the outside temperature has _ degrees and the number of cold drinks sold has _.

Use the following to answer questions: -(Figure: Demand and Supply of Shirts) Use 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:

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

If two variables are positively related:

Use the following to answer questions: -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:

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 1993 to 1995,we see that the unemployment rate has ___ from approximately _% to approximately ___%.

Use the following to answer questions: -In the graph of a curve,the vertical intercept is the:

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

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 1997 to 2001,we see that the unemployment rate has ___ from approximately _% to approximately ___%.

Your boss asks you to graph company profits for the past 10 years.The BEST way to show this information is with a(n) :

If two variables are negatively related:

Professor Macro wants to use a numerical graph to show the percentage of government spending accounted for by its various components.Which graph is MOST suitable for this purpose?

A _____ graph shows how the value of one or more variables has changed over some period.

In a time-series graph,large changes can be made to appear insignificant by:

The _____ of a curve shows the point at which the curve intersects an axis.

Exam 19: Graphs in Economics

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

Use the following to answer questions: -(Figure: Illustrating Slope) Use Figure: Illustrating Slope.In the graph,line 3 depicts X and Y to be:

A bar graph:

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 E in the figure,the outside temperature has _____ degrees and the number of cold drinks sold has _____.

Use the following to answer questions: -(Figure: Demand and Supply of Shirts) Use 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:

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

If two variables are positively related:

Use the following to answer questions: -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:

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 1993 to 1995,we see that the unemployment rate has _____ from approximately _____% to approximately _____%.

Use the following to answer questions: -In the graph of a curve,the vertical intercept is the:

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

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 1997 to 2001,we see that the unemployment rate has _____ from approximately _____% to approximately _____%.

Your boss asks you to graph company profits for the past 10 years.The BEST way to show this information is with a(n) :

If two variables are negatively related:

Professor Macro wants to use a numerical graph to show the percentage of government spending accounted for by its various components.Which graph is MOST suitable for this purpose?

A _____ graph shows how the value of one or more variables has changed over some period.

In a time-series graph,large changes can be made to appear insignificant by:

The _____ of a curve shows the point at which the curve intersects an axis.

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

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

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

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

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 1997 to 2001,we see that the unemployment rate has ___ from approximately _% to approximately ___%.