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Foundations of Macroeconomics 8th Edition by Robin Bade Test bank

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Answer:  A
Topic:  Slope
Skill:  Level 3: Using models
Section:  Chapter 1 Appendix - Checkpoint 3
Status:  Old
AACSB:  Analytic skills



103) In the above, which figure(s) show relationship between the variables that is always positive?
A) Figure A only
B) Figures C and D
C) Figures A and C
D) Figures A, C, and D
E) Figures A and B
Answer:  C
Topic:  Positive relationship
Skill:  Level 3: Using models
Section:  Chapter 1 Appendix - Checkpoint 3
Status:  Old
AACSB:  Analytic skills
104) In the above, which figure(s) show a relationship between the variables that is always negative?
A) Figure A only
B) Figure D only
C) Figures A and C
D) Figures A, C, and D
E) Figure B only
Answer:  B
Topic:  Negative relationship
Skill:  Level 3: Using models
Section:  Chapter 1 Appendix - Checkpoint 3
Status:  Old
AACSB:  Analytic skills

105) In the above, which figure shows both a positive and a negative relationship between the variables?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
E) Figure A, B, and D
Answer:  B
Topic:  Positive and negative relationships
Skill:  Level 3: Using models
Section:  Chapter 1 Appendix - Checkpoint 3
Status:  Old
AACSB:  Analytic skills

106) In the above, which figure(s) has (have) at least one point at which the slope equals zero?
A) Figure B only
B) Figures A and C
C) Figure D only
D) Figures A, C, and D
E) Figures A and D
Answer:  A
Topic:  Slope
Skill:  Level 3: Using models
Section:  Chapter 1 Appendix - Checkpoint 3
Status:  Old
AACSB:  Analytic skills

107) In the above, in which figure(s) is the slope the same at every point?
A) Figure A only
B) Figures A and C
C) Figure B only
D) Figures A, C, and D
E) Figures C and D
Answer:  A
Topic:  Slope
Skill:  Level 3: Using models
Section:  Chapter 1 Appendix - Checkpoint 3
Status:  Old
AACSB:  Analytic skills

108) The figure above shows the relationship between the price of a dozen roses and the quantity of roses a florist can sell. The relationship between the price and the quantity the florist can sell is
A) positive.
B) negative.
C) nonexistent.
D) linear.
E) cross-sectionally trended.
Answer:  B
Topic:  Negative relationship
Skill:  Level 2: Using definitions
Section:  Chapter 1 Appendix - Checkpoint 3
Status:  Old
AACSB:  Analytic skills

109) The figure above shows the relationship between the price of a dozen roses and the quantity of roses a florist can sell. The slope between points A and B is
A) 20.
B) 16.
C) 2.
D) 4
E) nonexistent because at point A, no roses are sold.
Answer:  C
Topic:  Slope
Skill:  Level 3: Using models
Section:  Chapter 1 Appendix - Checkpoint 3
Status:  Old
AACSB:  Analytic skills
110) The figure above shows the relationship between the price of a dozen roses and the quantity of roses a florist can sell. The slope between points B and C equals
A) 16.
B) 8.
C) 4.
D) 2.
E) 14.
Answer:  C
Topic:  Slope
Skill:  Level 3: Using models
Section:  Chapter 1 Appendix - Checkpoint 3
Status:  Old
AACSB:  Analytic skills

111) The figure above shows the relationship between the price of a dozen roses and the quantity of roses a florist can sell. The slope between points C and D equals
A) 8.
B) 4.
C) 2.
D) 1.
E) 12.
Answer:  D
Topic:  Slope
Skill:  Level 3: Using models
Section:  Chapter 1 Appendix - Checkpoint 3
Status:  Old
AACSB:  Analytic skills

112) In the figure above, between points A and B, what is the slope of the line?

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