Modern Principles of Economics
Modern Principles of Economics
3rd Edition
ISBN: 9781429278393
Author: Tyler Cowen, Alex Tabarrok
Publisher: Worth Publishers
bartleby

Videos

Question
Book Icon
Chapter A, Problem 1Q
To determine

Positive slope and negative slope.

Expert Solution & Answer
Check Mark

Explanation of Solution

Graphs B and D have positive slopes. This is because in graph B, long-term unemployment increases as the rigidity of employment index increases, and in graph D, the supply curve of oil shows an increase in the quantity supplied of oil with increase in price.

Graphs A and C have negative slopes. This is because graph A shows the demand curve of oil, which shows decrease in the quantity demanded of oil with increase in price. In graph C, GDP decreases as the percentage of child labor force increases.

Economics Concept Introduction

Concept Introduction:

Slope: A slope is the value that makes a variation in the dependent variable by making one unit change in the independent value.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Knowledge Booster
Background pattern image
Economics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:9780190931919
Author:NEWNAN
Publisher:Oxford University Press
Text book image
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Text book image
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Text book image
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education
Forecasting: Exponential Smoothing, MSE; Author: Joshua Emmanuel;https://www.youtube.com/watch?v=k_HN0wOKDd0;License: Standard Youtube License