Ch 1 appendex true and false

Ch 1 appendex true and false - Question 1 Economists design...

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Question 1 1 out of 1 points Economists design graphs to confuse people. Selected Answer: False Correct Answer: False Feedback: You are correct -- the answer is false. Economist s use graphs to illustrate relationshi ps quickly and more easily than verbal description s could. Question 2 1 out of 1 points If the straight line on a two-variable graph slopes downward to the right, then there is a positive relationship between the two variables.
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Selected Answer: False Correct Answer: False Feedback: You are correct -- the answer is false. A downward sloping line would indicate a negative relationshi p between the two variables. Question 3 1 out of 1 points A variable that changes as a consequence of a change in another variable is considered a dependent variable. Selected Answer: True Correct Answer: True
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Feedback: Correct! See p. 22 in the text to read more. Question 4 1 out of 1 points Economists always put the independent variable on the horizontal axis and the dependent variable on the vertical axis of a two-variable graph. Selected Answer: False Correct Answer: False Feedback: Correct -- this is a false statement. We don't always do this as stated on p. 22 of the text. Question 5 1 out of 1 points Ceteris paribus means that other variables are changing at the same time.
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Answer: False Correct Answer: False Feedback: Correct -- this is a false statement. Ceteris paribus means everything else is held constant except the variables you are observing. Question 6 1 out of 1 points In the ratio for the calculation of the slope of a straight line, the vertical change is in the numerator and the horizontal change is in the denominator. Selected
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Ch 1 appendex true and false - Question 1 Economists design...

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