Test Bank for Principles of Macroeconomics, 10th Canadian Edition Sayre (All Chapters included)
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Course
Macroeconomics
Institution
Macroeconomics
Complete Test Bank for Principles of Macroeconomics, 10th Canadian Edition by John Sayre, Alan Morris ; ISBN13: 9781260326482. (Full Chapters included Chapter 1 to 13)....
CHAPTER 1. The Economic Problem.
CHAPTER 2. Demand and Supply: An Introduction.
CHAPTER 3. Measuring the Economy 1: GDP and ...
Principles of Macroeconomics, 10th
Canadian Edition by John Sayre
Complete Chapters Test Bank are
included (Ch 1 to 13)
** Immediate Download
** Swift Response
** All Chapters included
,Ch 01 10ce
Student name:__________
1) Positive statements:
A) Are optimistic.
B) Can be verified by empirical data.
C) Are opinions.
D) Are based on people's beliefs and value systems and cannot be verified by facts.
2) Normative statements:
A) Can be verified by empirical data.
B) Refer only to numbers.
C) Are based on people's beliefs and value systems and cannot be verified by facts.
D) Are always true.
3) All of the following are positive statement EXCEPT.
A) The stock market reached a record high today.
B) The temperature is -22 degrees.
C) The government needs to do more about the unemployment rate.
D) Amazon was founded by Jeff Bezos.
4) All of the following are positive statements EXCEPT:
A) Spanish is one of Canada's official languages.
B) 14% of Canadians speak Spanish.
C) Spanish is taught as an option in some schools in Canada.
D) Not enough Canadians speak Spanish.
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, Ch 01 10ce
5) The statement, "the governments spends too much money on healthcare", can be defined
as:
A) A normative statement.
B) A positive statement.
C) Both a positive and a normative statement.
D) Neither a normative nor a positive statement.
6) The statement, "the governments spends 24% of its budget on healthcare", can be defined
as:
A) A normative statement.
B) A positive statement.
C) Both a positive and a normative statement.
D) Neither a normative nor a positive statement.
7) The statement, "water freezes at 40 degrees Celsius", can be defined as:
A) A normative statement.
B) A positive statement.
C) Both a positive and a normative statement.
D) Neither a normative nor a positive statement.
E) A correct statement.
8) What do economists mean when they say that the economy faces scarcity?
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