Exam (elaborations)
Microeconomics For Today 9th Edition by Irvin B. Tucker - Test Bank
- Course
- Institution
Microeconomics For Today 9th Edition by Irvin B. Tucker - Test Bank
[Show more]
Seller
Follow
evileye251
Reviews received
Content preview
,1. A direct relationship exists when:a. there is no association between two variables.
b. one variable increases and there is no change in the other
variable.
c. one variable increases and the other variable increases.
d. one variable increases and the other variable decreases.
ANSWER: c
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG:Analytic:Ref - BUSPROG: Analytic
TOPICS: A Direct Relationship
2. An upward-sloping line or curve is used to illustrate:
a. a direct relationship.
b. an inverse relationship.
c. two unrelated variables.
d. the ceteris paribus
assumption.
ANSWER: a
DIFFICULTY: Moderate
NATIONAL STANDARDS: United States - BUSPROG:Analytic:Ref - BUSPROG: Analytic
TOPICS: A Direct Relationship
3. Suppose two variables are directly related. If one variable rises, then the other variable:
a. also rises.
b. falls.
c. remains unchanged.
d. reacts unpredictably.
ANSWER: a
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG:Analytic:Ref - BUSPROG: Analytic
TOPICS: A Direct Relationship
4. Which of the following pairs is the most likely to exhibit a direct relationship?
a. The price of gasoline and the amount of gasoline that people
purchase.
b. Cholesterol levels and the likelihood of developing heart disease.
c. Outdoor temperature and heating oil sales.
d. Annual income and weekly pawn shop visits.
ANSWER: b
DIFFICULTY: Moderate
NATIONAL STANDARDS: United States - BUSPROG:Analytic:Ref - BUSPROG: Analytic
TOPICS: A Direct Relationship
5. A direct relationship is expressed graphically as a:
a. positively sloped line or curve.
b. negatively sloped line or curve.
c. horizontal line.
Cengage Learning Testing, Powered by Cognero Page 1
, d. vertical line.
ANSWER: a
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG:Analytic:Ref - BUSPROG: Analytic
TOPICS: A Direct Relationship
6. An inverse relationship exists when:
a. there is no association between two variables.
b. one variable increases and there is no change in the other
variable.
c. one variable increases and the other variable increases.
d. one variable increases and the other variable decreases.
ANSWER: d
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG:Analytic:Ref - BUSPROG: Analytic
TOPICS: An Inverse Relationship
7. Which of the following pairs is the most likely to exhibit an inverse relationship?
a. The amount of time you study and your grade point average.
b. People's annual income and their expenditure on personal
computers.
c. Baseball players' salaries and their batting averages.
d. The price of a concert and the number of tickets people purchase.
ANSWER: d
DIFFICULTY: Moderate
NATIONAL STANDARDS: United States - BUSPROG:Analytic:Ref - BUSPROG: Analytic
TOPICS: An Inverse Relationship
8. When an inverse relationship is graphed, the resulting line or curve is:
a. horizontal.
b. vertical.
c. upward-sloping.
d. downward-sloping.
ANSWER: d
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG:Analytic:Ref - BUSPROG: Analytic
TOPICS: An Inverse Relationship
9. The slope of a line parallel to the vertical axis is:
a. 1.
b. 0.
c. infinite.
d. undefined.
ANSWER: c
DIFFICULTY: Moderate
NATIONAL STANDARDS: United States - BUSPROG:Analytic:Ref - BUSPROG: Analytic
Cengage Learning Testing, Powered by Cognero Page 2
, TOPICS: The Slope of a Straight Line
10. The slope of a line parallel to the horizontal axis is:
a. 1.
b. 0.
c. infinite.
d. undefined.
ANSWER: b
DIFFICULTY: Moderate
NATIONAL STANDARDS: United States - BUSPROG:Analytic:Ref - BUSPROG: Analytic
TOPICS: The Slope of a Straight Line
11. Measured between two points on a curve, the ratio of the change in the variable on the vertical axis to the change in
the variable on the horizontal axis is the:
a. axis.
b. slope.
c. dependent curve.
d. independent curve.
ANSWER: b
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG:Analytic:Ref - BUSPROG: Analytic
TOPICS: The Slope of a Straight Line
12. Which of the following statements is correct?
a. Slope is the ratio of the vertical change (the rise or fall) to the horizontal change (the
run).
b. A direct relationship is one in which two variables change in the same direction.
c. An inverse relationship is one in which two variables change in opposite directions.
d. An independent relationship is one in which two variables are unrelated.
e. All of these.
ANSWER: e
DIFFICULTY: Challenging
NATIONAL STANDARDS: United States - BUSPROG:Analytic:Ref - BUSPROG: Analytic
TOPICS: The Slope of a Straight Line
13. Which of the following is used to illustrate an independent relationship between two variables?
a. An upward-sloping curve
b. A downward-sloping curve
c. A hill-shaped curve
d. A horizontal or vertical line
ANSWER: d
DIFFICULTY: Easy
NATIONAL STANDARDS: United States - BUSPROG:Analytic:Ref - BUSPROG: Analytic
TOPICS: The Slope of a Straight Line
14. A line that has a different slope at each point is a:
Cengage Learning Testing, Powered by Cognero Page 3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller evileye251. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $28.11. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73314 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
Recently viewed by you
Exam (elaborations) ·
WGU C190 FAR PART 13 Exam Questions and Answers
Summary ·
Samenvatting oog en zien 1
