Test Bank for Principles of Macroeconomics, 10th Canadian Edition Sayre (All Chapters included)
34 views 1 purchase
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.
Version 1 1
, 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?
Version 1 2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller mizhouubcca. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $29.49. You're not tied to anything after your purchase.
