Normative statement - Study guides, Class notes & Summaries
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BSNS113 QUESTIONS 2024/2025 |ACCURATE ANSWERS (MULTIPLE CHOICES)
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Microeconomics can be described as the study of... 
 
A) How households and firms make decisions and how they interact in individual markets. 
B) How well markets work 
C) How firms and households make choices in the face of scarcity. 
D)All of the above. - ACCURATE ANSWERD) All of the above 
 
Which of the following is most likely a macroeconomic topic? 
 
A) The role of the Reserve Bank in controlling inflation. 
B) Who gains and who loses from international trade 
C) What the "optimal" amou...
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BSNS 113 FINAL EXAM GUIDE 2024/2025 |ACCURATE ANSWERS |VERIFIED
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Economy-wide phenomena including inflation, unemployment and economic growth" is what type of economics? - ACCURATE ANSWERMacroeconomics 
 
"The study of how house holds and firms make decisions and how they interact in markets" is what type of economics? - ACCURATE ANSWERMicroeconomics 
 
What is Positive Analysis? - ACCURATE ANSWERA statement describing how something is 
 
What is Normative Analysis? - ACCURATE ANSWERA statement describing how something should be 
 
Which of the following i...
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Principles, economics 130 study revision, Economics 130 Exam 1, ECON130 || with 100% Accurate Solutions.
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Economists use the term "utility" to refer to: correct answers The benefits to an individual from consuming a good. 
 
If the unemployment rate increases from 10% to 14%, the economy will correct answers Move away from the ppf toward the origin 
 
The economy was expanding during all of the years that I was a student, but as soon as I graduated, the economy contracted. Therefore, the labor market was waiting until I started looking for a job to contract. This statement is an example of correct...
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RNAS C Practice Test Review 437 Questions with Verified Answers,100% CORRECT
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RNAS C Practice Test Review 437 Questions with Verified Answers 
 
A capacitor and resisitor in parallel - CORRECT ANSWER will have same voltage across since in parallel. 
if in series, voltage drops would occur 
 
they can be treated together 
 
If the absolute pressure of a gas is increased from 3 atm to 4 atm at constant volume, then the absolute temperature of the gas will increase by: 
A. 25%. 
B. 33%. 
C. 67%. 
D. 75% - CORRECT ANSWER B. Assuming the validity of the Ideal-Gas law, PV = n...
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TEST BANK for Sociology in Action: A Canadian Perspective 4th Edition by Bereska Tami and Symbaluk Diane
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TEST BANK for Sociology in Action: A Canadian 
Perspective 4th Edition by Bereska Tami and 
Symbaluk Diane. 
Chapter 1 
1. Chapter 01-001 
According to the textbook authors, we might better 
understand who becomes a professional hockey player by 
applying ideas developed by which of the following? 
a. Karl Marx 
b. Emile Durkheim 
*c. Max Weber 
d. Auguste Comte 
2. Chapter 01-002 
According to the textbook authors, what is the relationship 
between unemployment and postsecondary education? 
a...
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PHIL 2020 Exam 1,2 Questions & Answers 100% CORRECT
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PHIL 2020 Exam 1,2 Questions & Answers 100% CORRECT 
 
 
What is meta-ethics? - ANSWERSThe subfield of moral philosophy that focuses on issues regarding the fundamental status and nature of morality 
 
What is normative ethical theory? - ANSWERSThe subfield of moral philosophy that focuses on identifying and defending standards of right conduct and/or good living 
 
Which of the following statement, if any, if a meta-ethical statement? 
a. "Tacos are good" 
b. "There are no objective moral tr...
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B251 - FINAL EXAM 2024 WITH 100% CORRECT ANSWERS
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All economic questios are ultimately about - correct answer allocating scarce resources 
 
Which of the following is a microeconomic question? - correct answer - Will a shortage of electricians lead to an increase in their wages? 
- Will taxing pizza increase the amount of pizzas sold? 
 
Because we face scarcity, every choice involves - correct answer tradeoffs 
 
You decide to take a vacation and the trip costs you $2,000. While you are on vacation, you do not report to work where you could ha...
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Econ 231 - Exam 1 - Chapter 1 & 2 - Practice Problems || All Questions Answered Correctly.
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During the winter of 1999, road accidents occurred every Friday night in a suburb of Oklahoma. Citizens assumed Fridays cause accidents. This hypothesis is an example of 
 
a normative statement. 
 
an assumption that causation implies correlation. 
 
a positive statement. 
 
an assumption that correlation implies causation. correct answers an assumption that correlation implies causation. 
 
Which of the following is true of the degree to which minor details can be ignored to understand the fun...
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IB Economics Key Predicted Exam Questions And Correct Answers
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Social Sciencethe study of people in society and how they interact with each other. 
Economicsthe study of how people use their limited resources to try to satisfy 
unlimited wants. 
Microeconomicsthe study of the economic behaviour of households and firms and 
how prices of goods and services are determined. 
Positive Statementa statement about what is. This is an expression that can be 
verified by observation. 
Normative Statementa statement about what ought to be. This is an expression of...
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OCR A Level Economics Study Set with Questions and Answers
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Normative statement an opinion that cannot be confirmed by referencing facts 
Positive statement a statement that can be proved by referencing facts 
Why are economic models used? theories cannot be tested in a controlled 
environment 
The basic economic problem scarcity - consumer wants are always greater than 
available resources 
Opportunity cost the next best alternative foregone 
Factors of production resources used by a firm in production 
List and define the factors of production labour...
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