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Economics
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21 Oct 2020

Which of the following economic variables is an example of a slope of a curve?

    1. Demand curve

    2. Price elasticity of demand

    3. Production possibilities frontier

    4. Interest rate

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Macroeconomics
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Graphs, variables, and economic models
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Kristelle Balando
Kristelle BalandoLv10
21 Oct 2020

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Related questions

Which of the following is correct?
 
A. In the case of all linear demand curves, the slope and the price elasticity of demand are equal at each point on the demand curve.
 
B. The slope of the demand curve is some constant value but the value of the price elasticity coefficient increases as we move down the demand curve.
 
C. The slope of the demand curve is some constant value but the value of the price elasticity coefficient decreases as we move down the demand curve.
 
D. There is no connection between the slope of the demand curve and the value of the price elasticity coefficient.

Which of the following is impossible?

   

a. producing inside the production possibilities frontier

 
   

b. producing on the production possibilities frontier

 
   

c. producing outside the production possibilities frontier

 
   

d. producing at the endpoints of the production possibilities frontier

 

1. Economic growth can best be portrayed as a(n):

a. Inward shift of the production possibilities frontier

b. Movement from a point inside to a point outside of the production possibilities frontier.

c. Movement from a point near the vertical axis to a point near the horizontal axis on the production possibilities frontier

d. Outward shift of the production possibilities frontier.

 

2. Which of the following is a measure of economic growth that is most useful for measuring changes in the overall size of an economy?

a. Growth in nominal GDP:

b. Decreases in the rate of unemployment

c. Increases in real GDP per capita

d. Increases in real GDP

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