Which scatter diagram best represents the relationship between the growth rate of GDP and the unemployment rate?
a. A b. B c. C d. D 7. What graph best demonstrates the relationship between inflation rates and interest rates in the US economy a. A b. B c. C d. D 8. What’s a semester at school cost you? It requires a bit of time to do economic cost accounting. One of the things that you find is that a 19 year old can get covered on a family health plan if he/she is a full time student. Otherwise the 19 year old must get their own health coverage at considerable cost. This health care plan will: • increase the cost of a year at school. • decrease the cost of a year at school • not affect the cost of college. • the impact on the cost of college cannot be determined 9. In class we discussed the recent rise in the cost of home heating oil. One of the causes of the price rise was the cold weather. This is an example of a(n) • increase in demand • increase in supply • decrease in demand • decrease in supply We have all heard it many times – the internet changes everything. One thing that the internet is
