What is a coordinate system used for?
A) to show the flow of income and products in an economic system
B) to organize labour and other resources in the production process
C) to allow economists to show two variables on a single graph
D) to teach economists how to draw graphs consistently

Question

Quizplus · Accepted Answer

Coordinate systems are used to plot and visualize data, particularly when plotting two variables on a single graph. This is useful in economics for showing relationships between variables, such as the relationship between price and quantity demanded. Choice A is incorrect as a coordinate system does not specifically show the flow of income and products. Choice B is incorrect as organizing labor and resources is not the specific purpose of a coordinate system. Choice D is incorrect as a coordinate system is not solely used for teaching purposes.

What Is a Coordinate System Used For