A time series graph_________ a) Shows the breakdown of a whole into components b

Question

A time series graph_________ a) Shows the breakdown of a whole into components b) Has a negative slope c) Shoes how the value of a variable changes over time d) Compares different variables at the same point in time The opportunity cost of a new city fire station is _________ a) The amount of money it will take to build the station b) The value of other goods or services that the city and taxpayers give up in order to pay for the new station c) The value of money that is saved if the new station is not built d) The cost of fire damage caused by longer emergency vehicle traveling times Suppose your income in one year is 40,000 and increases to 42,000 the next year your income has grown by a) 5% b) 2% c) 7% d) 10.5% Positive analysis is primarily concerned with ______ a) What ought to be b) What is or what will be c) Demand d) Allocating limited resources The price of a CD player wen from 125.00 to 100. What is the absolute percentage change? a) 20% b) 100% c) 25% d) 10% Scarcity means that________ a) Human wants are limited b) The number of competitors in a market is limited c) The resources to produce goods and services are limited d) The government will allocate additional resources in case of a supply shortage A graph that shows a positive linear relationship _____ a) Moves down to the left b) Moves up to the right c) Moves up to the left d) Moves down to the right

Explanation / Answer

c,c,a,b,a,c,b

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