B) the extra recovery time needed from sprinting another 100 yards decreases.
C) the recovery time increases.
D) the recovery time decreases.
E) the relationship between distance sprinted and recovery time becomes more inverse.
Answer: A
Topic: Positive relationship
Skill: Level 2: Using definitions
Section: Chapter 1 Appendix - Checkpoint 3
Status: Old
AACSB: Analytic skills
4) The figure above shows the relationship between study time and the number of problems worked. The curve becomes less steep because as you study more,
A) study time becomes less effective.
B) study time becomes more effective.
C) the number of problems worked increases.
D) the number of problems worked decreases.
E) the relationship between study time and the number of problems worked changes from direct to inverse.
Answer: A
Topic: Positive relationship
Skill: Level 2: Using definitions
Section: Chapter 1 Appendix - Checkpoint 3
Status: Old
AACSB: Analytic skills
5) The figure above shows the relationship between the journey length and the cost of trip per mile. The curve becomes flatter because as the journey length increases,
A) the fall in the cost per mile becomes smaller.
B) the fall in the cost per mile becomes greater.
C) the cost per mile decreases.
D) the cost per mile increases.
E) the cost per mile remains unchanged.
Answer: A
Topic: Negative relationship
Skill: Level 2: Using definitions
Section: Chapter 1 Appendix - Checkpoint 3
Status: Old
AACSB: Analytic skills
6) What is the slope of the line in the figure above?
A) 0.75
B) -0.75
C) 1.33
D) -1.33
E) zero
Answer: A
Topic: Slope
Skill: Level 3: Using models
Section: Chapter 1 Appendix - Checkpoint 3
Status: Old
AACSB: Analytic skills
7) What is the slope of the line in the figure above?
A) 0.75
B) -0.75
C) 1.33
D) -1.33
E) zero
Answer: B
Topic: Slope
Skill: Level 3: Using models
Section: Chapter 1 Appendix - Checkpoint 3
Status: Old
AACSB: Analytic skills
8) In the figure above, what is the slope of the curve at point A?
A) 0.75
B) -0.75
C) 1.33
D) -1.33
E) zero
Answer: B
Topic: Slope
Skill: Level 3: Using models
Section: Chapter 1 Appendix - Checkpoint 3
Status: Old
AACSB: Analytic skills
1.6 Essay: Definition and Questions
1) What is the relationship between wants, resources, scarcity, and choices? Discuss the relationship for an individual and for a society.
Answer: A person faces scarcity whenever his or her wants exceed what he or she can obtain using his or her resources. Because the person cannot fulfill all of his or her wants, the person is forced to choose which wants will be satisfied and which wants will remain unsatisfied. The same results hold true for a society. All societies face scarcity because people's wants are essentially infinite, so that the resources available are not sufficient to fulfill everyone's wants. Because of this fact, societies must make choices about which (and whose) wants will be satisfied and which (and whose) wants will remain unsatisfied.
Topic: Scarcity
Skill: Level 2: Using definitions
Section: Checkpoint 1.1