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Chapter 1 Parkin & Bade
terms
6
Economics
Undergraduate 1
12/07/2015

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Cards

Term

 

 

ceteris paribus

Definition

 

(often shortened to cet par ) means “if

all other relevant things remain the same.”

Term

 

positive relationship

 

also known as

 

direct relationship

Definition

 

 

A relationship between two variables that

move in the same direction is called a 

_________or a ___________ .

Term

 

 

 

linear relationship 

Definition

 

 

A relationship shown by a straight line is called a

___________________.

Term

 

 

 

 

scatter diagram

Definition

 

A ________________ is a graph that plots the value of

one variable against the value of another variable for

a number of different values of each variable. Such a

graph reveals whether a relationship exists between

two variables and describes their relationship

Term

 

 

negative relationship

 

or

 

inverse relationship

Definition

 

 

A relationship between

variables that move in opposite directions is called a

_______________ or an ______________.

Term

 

 

 

slope

Definition

 

The ________ of a relationship is the change in the value of the variable measured on the y -axis divided by the

change in the value of the variable measured on

the x -axis.

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