Test Bank For ECON Macroeconomics 1st Edition By William A. McEachern

Test Bank For ECON Macroeconomics 1st Edition By William A. McEachern

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Edition: 1st Edition

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Resource Type: Test bank

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Test Bank For ECON Macroeconomics 1st Edition By William A. McEachern

ISBN-10: 0324587805, ISBN-13: 9780324587807

Chapter 1 Appendix—Understanding Graphs

MULTIPLE CHOICE

Exhibit 1-1

  1. In Exhibit 1-1, point c represents
a. x = 30, y = 60
b. x = 60, y = 30
c. c = 90
d. x y = 60
e. x y = 30

ANS:  B                    PTS:   1                    DIF:    Easy               NAT:  Analytic

LOC:  Understanding and applying economic models               TOP:   Understanding Graphs

 

  1. Point b in Exhibit 1-1 represents
a. x = 30, y = 60
b. x = 60, y = 30
c. x y = 60
d. x y = 30
e. b = 90

ANS:  A                    PTS:   1                    DIF:    Easy               NAT:  Analytic

LOC:  Understanding and applying economic models               TOP:   Understanding Graphs

 

  1. Point a in Exhibit 1-1 represents
a. the origin
b. x = 0, y = 50
c. x = 50, y = 0
d. x y = 50
e. y = 0; no information is given about x

ANS:  B                    PTS:   1                    DIF:    Easy               NAT:  Analytic

LOC:  Understanding and applying economic models               TOP:   Understanding Graphs

 

  1. On a graph with x on the horizontal axis and y on the vertical axis, the origin is
a. the point where x = 0 and y = 0
b. any point where x = 0
c. any point where y = 0
d. where a curve intersects the vertical axis
e. where a curve intersects the horizontal axis

ANS:  A                    PTS:   1                    DIF:    Easy               NAT:  Reflective Thinking

LOC:  Understanding and applying economic models               TOP:   Understanding Graphs

 

  1. If a given value of x is associated with a particular value of y,
a. then x causes y
b. then y causes x
c. then x and y must be logically connected
d. there are no other variables that affect the value of y
e. there may be no causal relationship between x and y

ANS:  E                    PTS:   1                    DIF:    Moderate        NAT:  Reflective Thinking

LOC:    Understanding and applying economic models            TOP:    Understanding Graphs

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