Ch 1 appendex true and false

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

This preview shows pages 1–5. Sign up to view the full content.

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.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
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
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.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
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
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### Page1 / 17

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

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online