Line Graphs Are Primarily Used When

question 2

Multiple Choice

Line graphs are primarily used when

• A)the data are amenable to being presented in straight lines
• B)comparisons are not needed because of the difficulty of interpreting multiple lines
• C)there are two variables to show the relationship between them
• D)a and c above

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Definitions:

Externality

A consequence of an economic activity that is experienced by unrelated third parties; it can be either positive or negative.

Efficient Allocation

An optimal distribution of resources in an economy where it is not possible to make someone better off without making someone else worse off.

Resources

Assets, materials, and inputs needed to produce goods and services in an economy.

Standard of Living

A measure indicating the degree of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.