ques'iom An equation where \"(=6 could be represented on a graph where Y is on the vertical axis and X is on the horizontal axis as Notyet answered Select one: :tgigts Wt of O a. a straight line along the vertical axis beginning at the point Y=6. F\" Flag 0 b. a single point (Y=6) and a horizontal line rightwards from that point. question 0 c. a horizontal line form the origin with slope equal to 6. .'\\ t_, d. a vertical line from the origin with slope equal to 6. Question 10 Not yet answered Points out of 1.00 \\f' Flag queson In the case of an negative relationship between two variables, all else remaining constant Select one: C) a. the value of the two variables will move in opposite directions from each other. C} b. graphically: the data line representing the relationship between the variables has a positive slope. C} c. the values of the two variables will move in the same direction. C d. the values of the two variables will move in the same direction then move in opposite directions. Question 2 Not yet a nswei'ed Points out of 1.00 If\" Flag q uestion Identify the normative statement(s) among the following statement(s). Select one: C) a. "he federal government budget decit reached 4% ofGDF' last year. C} b. the federal government has increased its spending by 5% last year. C,- c. "he federal government's spending is greaterthan its revenue to the treasury. C} d. "he federal government spends too much. memo" 3 Macroeconomic policies that focus on credit and interest rates or controlling the money.r supply are called Notyet answered Select one: P ' t t r ' ' OIHSDU 0 Q a. state policies. 1.00 \\f' Flag 0 b. monetary policies. \"\"93\"\"'1 O c. federal policies. 0 d. scal policies. Quemm" 4 Suppose the local government is concerned about the health of local school children. and forthat reason imposes a price ceiling of $3 \"015'91 on yogurt. Based on the graph below, which of the following is true? answered 7 Points outof 1.00 l? Flag question $5 $5- 54 52 Select one: 0 a. "he quantity supplied will be 3 yogurts. O b. More yogurt will be consumed as a result. O c. "he quantity demanded will be 3 yogurts. C) d. "here will be a shortage of 5 yogurts. Question 5 A price floor attempts to keep prices Not yet answered Select one: Points out of O a. lower than the equilibrium price. 1.00 Flag O b. higher than the equilibrium price. question O c. at the equilibrium price. O d. Constantly adjusting to quickly reach equilibrium\fQuestion 7 Not yet answered Points out of 1.00 i? Flag question Because of our limited money, time. and effort, we are best offwhen we allocate things Select one: Q a. by constantly assessing the opportunity costs of our choices. 0 b. with the objective of maximizing output. 0 c. by being selsh with our time to benet society. 0 d. by choosing what society as a whole would want. memo" 8 Agovernn'ient decides to set a price ceiling on bread so that bread is affordable to the poor. The conditions of demand and supply are \"0'3\"\" given in the table below. What is the equilibrium price before the price ceiling? What will the excess supply or the shortage be ifthe answered . . . . price ceiling is set at $2.40? Points out of 1.00 Price ad 05 V \"09 $1.50 0.000 5.000 question $2.00 0.500 5.500 $2.40 0.000 5.400 $2.00 1500 r.500 $3.20 1000 0.000 $3.50 5.500 11.000 $4.00 6.000 15.000 Select one: C} a. $2.80. 1.600 shortage C b. $2.40; 1.600 shortage C) c. $2.80. 1.600 excess supply "\\ L_,- ct. $2.40; 500 excess supply.r memo" 9 A budget constraint model differs from production possibilities model in that. typically Notyet answered Select one: Points out of . _ . . . 100 O a. only the budget constraint depicts an inverse relationship. or a tradeoff. if\" Flag C} b. only the budget constraint demonstrates diminishing returns. question C} c. the budget constraint shows how scarcity applies to producers .'\\ \\_/ d. only the production possibilities model demonstrates diminishing returns