Principles of Macroeconomics

Test Bank For ECON Macro Principles of Macroeconomics 1st Canadian Edition By Moir O'Shaughnessy

Test Bank For ECON MICRO 5th Edition By William A. McEachern

ECON MICRO

ECON Macroeconomics

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

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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

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

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

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

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

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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