Econ 251 quiz 1 | Economics homework help

Question 12 pts

An example of a positive statement is:

[removed]

Everyone in the country needs to be covered by national health insurance.

[removed]

an increase in investment spending tends to reduce unemployment..

 

[removed]

The rate of unemployment should be 4 percent.

[removed]

A high rate of economic growth is good for the country.

 

Flag this Question

Question 22 pts

The scientific method is more difficult for economists than, say, chemists, because:

[removed]

economic conditions may change quickly and unexpectedly.

[removed]

all of the above.

 

[removed]

controlled laboratory conditions are more problematic in economics.

[removed]

it is difficult to hold other factors that may affect the variables being studied constant in economics.

 

Flag this Question

Question 32 pts

Economists concerned about economy-wide trends in the unemployment of labor, the rate of inflation, and the level of economic production are studying:

[removed]

macroeconomics.

[removed]

the “trees” of economic behavior, rather than the “forest.”

 

[removed]

specific units or parts of the economy.

[removed]

microeconomics.

 

Flag this Question

Question 42 pts

The questions of what goods to produce, how to produce them, and for whom to produce them are of concern only in advanced industrial economies.

[removed]

false

[removed]

true

 

Flag this Question

Question 52 pts

Positive statements can be tested for being true but they can’t be proven false.

[removed]

true

[removed]

false

 

Flag this Question

Question 62 pts

A feature that distinguishes economists’ approach to making choices is (are):

[removed]

assuming individuals make choices to maximize objectives.

[removed]

emphasizing that choices are made at the margin.

 

[removed]

assigning opportunity costs a major role in their analyses of choices.

[removed]

all of the above.

 

Flag this Question

Question 72 pts

When we are forced to make choices we are facing the concept of:

[removed]

free goods.

[removed]

the margin.

 

[removed]

ceteris paribus.

[removed]

scarcity.

 

 

 

Flag this Question

Question 82 pts

Define positive and normative statements and give four examples of each.

.

 

Flag this Question

Question 92 pts

The Case in Point on the oil extraction suggests that one reason oil may become more costly is that :

[removed]

oil producers are likely to become more greedy in the future.

[removed]

actually, the Case suggests that oil extraction is likely to become less costly and the future.

 

[removed]

we will have to give up more and more valuable alternatives to extract oil.

[removed]

speculation is likely to drive up oil prices.

 

Flag this Question

Question 102 pts

The concept of the margin deals with:

 

[removed]

making incremental choices.

Duepapers
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.