Read the text below. Use the words to the right of the text to form a word that fits the context. Why are graphs used in economics? Economics is a (0) social science that attempts to un- derstand how supply and demand control (1), of limited resources. Since economies are dy- namic and constantly changing, (2) must take snapshots of economic data at specified points in time and (3) them to other fixed timed data sets to understand trends and rela- tionships. To understand the relationships between these (4) economists use graphs interpret and explain complex to (5) ideas. Since economists take snapshots of data, a graph of these (6) points helps to illustrate (7) formation written (8) and trends over time. Sets of in- on paper are hard to translate into bits of information. (0) society (1) distribute (2) economy (3) comparison (4) vary (5) vision (6) datum (7) move (8) understand

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Read the text below. Use the words to the right of the text to form a word
that fits the context.
Why are graphs used in economics?
Economics is a (0) social science that attempts to un-
derstand how supply and demand control (1)
(0) society
(1) distribute
(2) economy
of limited resources. Since economies are dy-
namic and constantly changing, (2)
must take snapshots of economic data at specified
points in time and (3)
them to other (3) comparison
fixed timed data sets to understand trends and rela-
tionships. To understand the relationships between
these (4)
to (5)
ideas.
economists use graphs (4) vary
interpret and explain complex (5) vision
Since economists take snapshots of data, a graph
of these (6)
points helps to illustrate
(7)
formation written
and trends over time. Sets of in-
on paper are hard to translate into
bits of information.
(8)
(6) datum
(7) move
(8) understand
Transcribed Image Text:Read the text below. Use the words to the right of the text to form a word that fits the context. Why are graphs used in economics? Economics is a (0) social science that attempts to un- derstand how supply and demand control (1) (0) society (1) distribute (2) economy of limited resources. Since economies are dy- namic and constantly changing, (2) must take snapshots of economic data at specified points in time and (3) them to other (3) comparison fixed timed data sets to understand trends and rela- tionships. To understand the relationships between these (4) to (5) ideas. economists use graphs (4) vary interpret and explain complex (5) vision Since economists take snapshots of data, a graph of these (6) points helps to illustrate (7) formation written and trends over time. Sets of in- on paper are hard to translate into bits of information. (8) (6) datum (7) move (8) understand
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