The slope
A) of a straight line is the same regardless of where on the line it is calculated.
B) equals the change in the value of the variable measured on the vertical axis divided by the change in the variable measured along the horizontal axis.
C) will be small if a large change in the variable measured on the vertical axis is associated with a small change in the variable measured along the horizontal axis.
D) Answers A and B are correct.
E) Answers A and C are correct.
D
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Which of the following is an absolute measure of poverty?
a. Gini co-efficient b. Per capita income c. HiLo ratio d. Hoover index e. Theil index
Refer to the budget line shown in the diagram. Given the same money income, reductions in the prices of both products C and D will:
A. shift the budget line outward on the horizontal axis but leave it anchored at "10" on the
vertical axis.
B. shift the budget line to the left.
C. shift the budget line to the right.
D. have no effect on the budget line.