The slope of a line is the
A) change in the values along the x-axis divided by the change in the values along the y-axis.
B) values on the x-axis divided by the values on the y-axis.
C) change in the values along the y-axis divided by the change in the values along the x-axis.
D) values on the y-axis divided by the values on the x-axis.
C
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Tracy and Amy are playing a game in which Tracy has the first move at X in the decision tree shown below. Once Tracy has chosen either the top or bottom branch at X, Amy, who can see what Tracy has chosen, must choose the top or bottom branch at Y or Z. Both players know the payoffs at the end of each branch. In the equilibrium this game, Tracy chooses the ________ branch, and then Amy chooses the ________ branch.
A. top; bottom B. bottom; top C. bottom; bottom D. top; top
The initial supply and demand curves for a good are illustrated in the above figure. If there are technological advances in the production of the good, then the new equilibrium price for the good
A) is less than $6. B) is $6. C) is more than $6. D) could be less than, equal to, or more than $6.
Refer to the figure above. What is the price that a perfectly competitive firm would charge?
A) $0 B) $3 C) $6 D) $9
An increase in perceived risk of foreign assets increased both the financial account surplus and current account deficit in the United States during the late 1990s
Indicate whether the statement is true or false