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Macroeconomics Study Set 42

Business

Quiz 2 :

Economic Theories, Data, and Graphs

Quiz 2 :

Economic Theories, Data, and Graphs

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Which is an example of a positive statement?
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B

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Choose the statement that best describes how endogenous variables differ from exogenous variables.
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A

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An assertion about the desirability of reducing unemployment by lowering payroll taxes is most likely
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D

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Which of the following is a normative statement?
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Suppose an economist tells you that, on average, people in Canada have too much personal debt. This is an Example of an)
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Which of the following statements belongs more properly in the field of normative economics than positive economics?
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A theory
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A positive statement is one that states
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Choose the statement that best characterizes an economic theory. A valid theory
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Which is the best description of a normative statement? A normative statement
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Which is the best description of positive statements? Positive statements
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Which of the following is a normative statement?
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Suppose an economist tells you that the unemployment rate in Canada last year was 7.8%. This is an example Of an) statement.
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The statement that introducing a policy of legislated rent controls will lead to a housing shortage is an example of an)
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Which of the following best describes the relationship between positive and normative statements in economics?
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The statement that a 2% increase in the money supply leads to a 2% increase in the price level is an example of an)
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An economic theory requires, among other things,
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Disagreements over positive statements
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Suppose there is a theory that several things influence the price of fish in Halifax, one of which is the weather during the fishing season. When examining the determinants of the price of fish, the weather is
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The statement that a countryʹs rate of economic growth is influenced by its firmsʹ investment behaviour is an example of an)
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