Question 1

If the change in the y- axis variable is 4 and the change in the x- axis variable is 2, the slope of this line is 1/2.

Accepted Answer

The slope of a line is calculated by the change in the y-axis variable divided by the change in the x-axis variable, so in this case, it would be 4/2 = 2.

Question 2

To graph a relationship that involves more than two variables, we use the "ceteris paribus" assumption.

Accepted Answer

The "ceteris paribus" assumption allows us to focus on the relationship between two variables by assuming that all other variables remain constant, making it easier to graph relationships even when more than two variables are involved.

Question 3

If the change in the y- axis variable is 6 and the change in the x- axis variable is 5, the slope of this line is 6/5.

Accepted Answer

The slope of a line is defined as the change in y divided by the change in x. In this case, the change in y is 6 and the change in x is 5, so the slope is 6/5. Therefore, statement A is true.

Question 4

"Ceteris paribus" refers to the idea that if more than two variables are graphed, only one variable must be held constant.

Accepted Answer

"Ceteris paribus" refers to the idea that all other variables are held constant except for the one being studied, not limited to situations where only one variable changes while more than two are graphed.

Quiz 1: What Is Economics

If the change in the y- axis variable is 4 and the change in the x- axis variable is 2, the slope of this line is 1/2.

To graph a relationship that involves more than two variables, we use the "ceteris paribus" assumption.

If the change in the y- axis variable is 6 and the change in the x- axis variable is 5, the slope of this line is 6/5.

"Ceteris paribus" refers to the idea that if more than two variables are graphed, only one variable must be held constant.