Simple Linear Equations - SS2 Economics Past Questions and Answers - page 1
1
What is the slope of a simple linear equation?
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A
The value of the dependent variable when the independent variable is zero
B
The rate of change of the dependent variable with respect to the independent variable
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C
The value of the independent variable when the dependent variable is zero
D
The intercept of the equation
2
What is the general form of a simple linear equation?
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A
y = mx + b
B
ax^2 + bx + c = 0
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C
y = a + bx
D
y = mx
3
In economics, a simple linear equation can be used to model the relationship between:
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A
Two independent variables
B
Two dependent variables
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C
An independent variable and a dependent variable
D
None of the above
4
What is the purpose of isolating the variable in a simple linear equation?
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A
To make the equation simpler to read
B
To make the equation easier to solve
C
To determine the slope of the line
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D
To determine the y-intercept of the line
5
Which of the following is an example of a simple linear equation in economics?
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A
y = e^x
B
Qd = a + bP
C
F = ma
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D
PV = nRT
6
What is the dependent variable in a simple linear equation?
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7
How are simple linear equations used in economics?
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