A) A time-series graph
B) The origin
C) A cross-section graph
D) A scatter plot
E) A trend-line graph
Answer: C
Topic: Cross-section graph
Skill: Level 1: Definition
Section: Chapter 1 Appendix - Checkpoint 1
Status: Old
AACSB: Analytic skills
26) A cross-section graph
A) is divided into different sections.
B) shows values of an economic variable for different groups in a population at a point in time.
C) measures time on the x-axis and the variable in which we are interested on the y-axis.
D) Both answers A and C are correct.
E) Both answers B and C are correct.
Answer: B
Topic: Cross-section graph
Skill: Level 1: Definition
Section: Chapter 1 Appendix - Checkpoint 1
Status: Old
AACSB: Analytic skills
27) You have data for the amount of rainfall in 50 cities for the month of June. The type of graph to best display these data would be a
A) time-series graph.
B) multi-variable time series graph.
C) cross-section graph.
D) scatter diagram.
E) trend-line diagram.
Answer: C
Topic: Cross-section graph
Skill: Level 3: Using models
Section: Chapter 1 Appendix - Checkpoint 1
Status: Old
AACSB: Analytic skills
28) You have data for sales of pizza for each of the 50 states in 2011. The type of graph to best display these data would be a
A) cross-section graph.
B) time-series graph.
C) scatter diagram.
D) multi-variable time-series graph.
E) trend-line diagram.
Answer: A
Topic: Cross-section graph
Skill: Level 3: Using models
Section: Chapter 1 Appendix - Checkpoint 1
Status: Old
AACSB: Analytic skills
29) A graph shows the average SAT scores for males and females in 2012. The kind of graph used to show these data would be a
A) scatter diagram.
B) time-series graph.
C) cross-section graph.
D) time-stationary graph.
E) trend figure.
Answer: C
Topic: Cross-section graph
Skill: Level 3: Using models
Section: Chapter 1 Appendix - Checkpoint 1
Status: Old
AACSB: Analytic skills
30) Demonstrating how an economic variable changes from one year to the next is best illustrated by a
A) scatter diagram.
B) time-series graph.
C) linear graph.
D) cross-section graph.
E) Venn diagram.
Answer: B
Topic: Time-series graph
Skill: Level 1: Definition
Section: Chapter 1 Appendix - Checkpoint 1
Status: Old
AACSB: Analytic skills
31) To show the values of an economic variable for different groups in a population at a point in time, it is best to use a
A) scatter diagram.
B) time-series graph.
C) linear graph.
D) cross-section graph.
E) trend-section diagram.
Answer: D
Topic: Cross-section graph
Skill: Level 1: Definition
Section: Chapter 1 Appendix - Checkpoint 1
Status: Old
AACSB: Analytic skills
32) A graph that shows how the amount of advertising expenditure differs among various industries can be shown
A) by a cross-section graph.
B) by a time-series graph.
C) as a trend.
D) by a scatter diagram.
E) by a trend-section graph.
Answer: A
Topic: Cross-section graph
Skill: Level 3: Using models
Section: Chapter 1 Appendix - Checkpoint 1
Status: Old
AACSB: Analytic skills
33) A linear relationship
A) when graphed, is a straight line.
B) when graphed, is a line whose slope changes.
C) can be a positive or a negative relationship.
D) Both answers A and C are correct.
E) Both answers A and B are correct.
Answer: D
Topic: Linear relationship
Skill: Level 1: Definition
Section: Chapter 1 Appendix - Checkpoint 2
Status: Old
AACSB: Analytic skills
34) A positive relationship exists between two variables if
A) one variable has "positively" no effect on the other variable.
B) a decrease in one variable is associated with an increase in the other variable.
C) a decrease in one variable is associated with a decrease in the other variable.
D) an increase in one variable is associated with both a decrease and an increase in the other variable.
E) None of the above answers is correct.
Answer: C
Topic: Positive relationship
Skill: Level 1: Definition
Section: Chapter 1 Appendix - Checkpoint 2
Status: Old
AACSB: Analytic skills
35) If two variables are positively related, then