If the Equation of a Straight Line Is Y =

question 202

Multiple Choice

If the equation of a straight line is y = 6 + 3x, then the slope is

• A)-3 and the y-intercept is 6.
• B)-3 and the y-intercept is -2.
• C)3 and the y-intercept is 6.
• D)3 and the y-intercept is -2.
• E)3 and the y-intercept is -6.

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Definitions:

Production Possibilities

Production possibilities represent the different combinations of goods and services that a society can produce, given its available resources and technology, demonstrating trade-offs and opportunity costs.

Opportunity Cost

Surrendering the potential for benefits from different routes when opting for a specific path.

Production Possibilities Frontier

A chart illustrating the maximum production potential for two or more items, considering a specific amount of inputs.

Positive Statement

An objective and fact-based statement or claim that describes how the world actually is, as opposed to what it should be, often used in economic analysis.