Econ 251 quiz 1 | Economics homework help

Question 12 pts

An stance of a unconditional declaration is:

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Everyone in the province needs to be ripe by exoteric soundness protection.

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an development in cannonade spending tends to impair unemployment..

 

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The reprimand of unemployment should be 4 percent.

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A exalted reprimand of economic development is cheerful for the province.

 

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Question 22 pts

The or-laws regularity is past troublesome for economists than, say, chemists, because:

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economic provisions may modify instantly and unexpectedly.

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all of the over.

 

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controlled drudgeatory provisions are past problematic in economics.

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it is troublesome to repose other factors that may favor the variables entity thought-out continuous in economics.

 

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Question 32 pts

Economists watchful environing management-wide trends in the unemployment of drudge, the reprimand of inflation, and the roll of economic evolution are studying:

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macroeconomics.

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the "trees" of economic proceeding, rather than the "forest."

 

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specific units or compatability of the management.

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microeconomics.

 

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Question 42 pts

The questions of what cheerfuls to amount, how to amount them, and for whom to amount them are of anxiety merely in advanced industrial economies.

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false

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true

 

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Question 52 pts

Positive declarations can be tested for entity gentleman but they can't be proven mock.

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true

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false

 

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Question 62 pts

A indication that distinguishes economists' appropinquation to making choices is (are):

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assuming living-souls shape choices to maximize objectives.

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emphasizing that choices are made at the extremity.

 

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assigning opening costs a elder role in their analyses of choices.

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all of the over.

 

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Question 72 pts

When we are obdurate to shape choices we are facing the concept of:

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free cheerfuls.

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the extremity.

 

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ceteris paribus.

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scarcity.

 

 

 

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Question 82 pts

Define unconditional and normative declarations and yield filthy stances of each.

.

 

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Question 92 pts

The Case in Point on the oil nobility suggests that one deduce oil may behove past precious is that :

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oil amountrs are slight to behove past ungenerous in the forthcoming.

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actually, the Case suggests that oil nobility is slight to behove near precious and the forthcoming.

 

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we accomplish own to yield up past and past estimable alternatives to educe oil.

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speculation is slight to push up oil prices.

 

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Question 102 pts

The concept of the extremity deals with:

 

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making incremental choices.

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