Flashcards in ECON topic 2- EXAM#1 Deck (12):

1

## what type of chart best shows income distribution?

### pie chart

2

## what type of chart best shows income per person?

### bar graph

3

## what type of graph shows how a single variable changes over time?

### time-series graph

4

## what type of graph is constructed by drawing two perpendicular lines (vertical and horizontal)

### a Cartesian coordinate system

5

## what graph best shows a direct relationship correlation? (cause and effect)

### the coordinate system

6

## a continuous string of points, or sets of values on the Cartesian plane

### a line

7

## the cause and effect relationship is what

### inverse

8

## slope formula

### y2-y1/x2-x1

9

## positive slope (upward sloping line)

### both x and y increase

10

## negative slope (downward sloping line)

###
when x increases y decreases

when y increases x decreases

11

## what builds the demand curve

### price

12