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

Resource Type: Test bank

# 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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