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Test Bank for Principles Of Microeconomics, 10th Canadian Edition by Sayre
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  • Course
  • Microeconomics
  • Institution
  • Microeconomics

Test Bank for Principles Of Microeconomics 10ce 10th Canadian Edition by John Sayre, Alan Morris. ISBN-13: 6475 Chapter 1 The Economic Problem Chapter 2 Demand and Supply: An Introduction Chapter 3 Demand and Supply: An Elaboration Chapter 4 Elasticity Chapter 5 Consumer Choice Chapter 6...

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  • July 1, 2022
  • December 13, 2023
  • 886
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers

Subjects

  • principles
  • microeconomics
  • 10ce
  • 10th
  • canadian
  • edition
  • sayre
  • multiple choice
  • exams questions
  • 9781260326475
  • test bank
  • practice quizzes

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  • Microeconomics
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Chapter 01 10ce
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.




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