If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of ?

Related Mcqs:

1. A way of helping depressed regions by having lower wages lower local taxes and lower unemployment benefit has been suggested as ?

   A. market-orientated economists
   B. left-wing theorists
   C. Keynesian.
   D. new-Keynesian

2. A way of helping depressed regions by having lower wages, lower local taxes and lower unemployment benefit has been suggested as ?

   A. market orientated economists
   B. left-wing theorists
   C. Keynesian
   D. New-Keynesian

3. In a supply and demand diagram for Japanese yen, with the exchange rate in dollars per yen on the vertical axis, the demand schedule for yen is drawn sloping ?

   A. upward
   B. vertical
   C. downward
   D. horizontal

4. The diagram that shows the income received and payments made by each sector of the economy is the ?

   A. income-expenditures diagram
   B. aggregate demand-aggregate supply diagram
   C. circular flow diagram
   D. income-price diagram

5. A straight-line diagram can be drawn knowing the ________ and ________?

   A. vertical axis and horizontal axis
   B. intercept and slope
   C. scale and slope
   D. intercept and scale

6. When supply and demand for money are expressed in a graph with the interest rate on the vertical axis and the quantity of money on the horizontal axis an increase in the price level ?

   A. shifts money demand to the right and increases the interest rate
   B. None of these answers
   C. shifts money demand to the right and decreases the interest rate
   D. shifts money demand to the left and increases the interest rate
   E. shifts money demand to the left and decrease the interest rate

7. When money demand is expressed in a graph with the interest rate on the vertical axis and the quantity of money on the horizontal axis an increase in the interest rate ?

   A. None of these answers
   B. decrease the quantity demanded of money
   C. increase the quantity demanded of money
   D. decreases the demand for money
   E. increases the demand for money

8. uppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis and if the price of a pizza is Rs10 and the price of a sandwich is Rs5, then the slope of the budget constraint is ?

   A. 2
   B. 10
   C. 1/2
   D. 5

9. Suppose we measure the quantity of good X on the horizontal axis and the quantity of good Y on the vertical axis If indifference curves are bowed inward, as we move from having an abundance of good X to having an abundance of good Y, the marginal rate of substitution of good Y for good X (the slope of the indifference curve) ?

   A. rises
   B. stays the same
   C. could rise or fall depending on the relative prices of the two goods.
   D. falls

10. Suppose Handel’s Ice Cream experiences economies of scale up to a certain point and diseconomies of scale beyond that point. Its long-run average cost curve is most likely to be ?

    A. downward sloping to the right
    B. U-shaped
    C. Horizontal
    D. upward sloping to the right