Economists

question 8

Multiple Choice

Economists

• A) always put the independent variable on the horizontal axis and the dependent variable on the vertical axis.
• B) always put the dependent variable on the horizontal axis and the independent variable on the vertical axis.
• C) are somewhat arbitrary in assigning independent and dependent variables to the horizontal and vertical axes.
• D) measure the slope of a line differently than do mathematicians.

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Definitions:

Limited Risk

Exposure to a relatively small possibility of loss or less severe consequences in an investment or business activity.

Assets

Resources owned by a business or individual that have economic value and can provide future benefits.

Supplies

Items used in the operation of a business or part of inventory not yet sold.

Equipment

Tangible property owned by a business used in its operations over an extended period.