Podcast
Questions and Answers
Which branch of economics deals with the behavior of individual households and firms in making decisions on the allocation of limited resources?
Which branch of economics deals with the behavior of individual households and firms in making decisions on the allocation of limited resources?
What is the problem that arises due to unlimited wants but limited resources?
What is the problem that arises due to unlimited wants but limited resources?
What is the study of making choices called?
What is the study of making choices called?
What does economics study?
What does economics study?
Signup and view all the answers
What is the branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole?
What is the branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole?
Signup and view all the answers
What are the two branches of economics mentioned in the text?
What are the two branches of economics mentioned in the text?
Signup and view all the answers
What do the x and y coordinates represent in a graph?
What do the x and y coordinates represent in a graph?
Signup and view all the answers
What is the shared zero point of the x and y axes called?
What is the shared zero point of the x and y axes called?
Signup and view all the answers
What is the branch of economics that studies the behavior of individual households and firms in making decisions on the allocation of limited resources?
What is the branch of economics that studies the behavior of individual households and firms in making decisions on the allocation of limited resources?
Signup and view all the answers
What type of relationship exists when both variables in a graph move in the same direction?
What type of relationship exists when both variables in a graph move in the same direction?
Signup and view all the answers
During the exam, what will be considered as 'cheating'?
During the exam, what will be considered as 'cheating'?
Signup and view all the answers
What will be the consequence of 'cheating' during the exam?
What will be the consequence of 'cheating' during the exam?
Signup and view all the answers
What are students allowed to carry during the exam?
What are students allowed to carry during the exam?
Signup and view all the answers
What will students be rewarded for?
What will students be rewarded for?
Signup and view all the answers
What will result in an 'F' grade?
What will result in an 'F' grade?
Signup and view all the answers
What materials are not allowed to be carried during the exam?
What materials are not allowed to be carried during the exam?
Signup and view all the answers
What will be considered as 'cheating'?
What will be considered as 'cheating'?
Signup and view all the answers
What will be the consequence of 'cheating' during the exam?
What will be the consequence of 'cheating' during the exam?
Signup and view all the answers
What are students allowed to carry during the exam?
What are students allowed to carry during the exam?
Signup and view all the answers
What will students be rewarded for?
What will students be rewarded for?
Signup and view all the answers
Which one of the following statements best describes a negative relationship between two variables?
Which one of the following statements best describes a negative relationship between two variables?
Signup and view all the answers
What does the slope of a line or curve represent?
What does the slope of a line or curve represent?
Signup and view all the answers
Which of the following best describes a linear relationship between two variables?
Which of the following best describes a linear relationship between two variables?
Signup and view all the answers
What is the general form of a linear equation representing the relationship between x and y variables?
What is the general form of a linear equation representing the relationship between x and y variables?
Signup and view all the answers
What is the y-intercept of a line?
What is the y-intercept of a line?
Signup and view all the answers
What does a positive slope indicate in a linear relationship?
What does a positive slope indicate in a linear relationship?
Signup and view all the answers
What does a negative slope indicate in a linear relationship?
What does a negative slope indicate in a linear relationship?
Signup and view all the answers
What does a graph represent in economics?
What does a graph represent in economics?
Signup and view all the answers
What does the dependent variable represent in a graph?
What does the dependent variable represent in a graph?
Signup and view all the answers
What is the purpose of quizzes in this course?
What is the purpose of quizzes in this course?
Signup and view all the answers
