18//22 Chapter 1 Economics Test Questions!

18 Questions  I  By Taliiaxo22
18//22 Chapter 1 Economics Test Questions!
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1.  What approach to economic study focuses on observation and prediction?
A.
B.
C.
D.
2.  What approach to economic study focuses on value judgements?
A.
B.
C.
D.
3.  Which of the following statements is an example of normative economics?
A.
B.
C.
D.
4.  Which of the following satements is an example of positive economics?
A.
B.
C.
D.
5.  What level of economic study is concerned primarily with large-scale economic choices and issues?
A.
B.
C.
D.
6.  What level of economic study is primarily concerned with choices made by individual units
A.
B.
C.
D.
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7.  Which of the following questions is adressed by macroeconomics?
A.
B.
C.
D.
8.  Which of the following questions is adressed by microeconomics?
A.
B.
C.
D.
9.  What is oppurtunity cost?
A.
B.
C.
D.
10.  What is an oppurtunity benefit?
A.
B.
C.
D.
11.  Which of the following words is least related to the view that economics is dismal science?
A.
B.
C.
D.
12.  Which of the following is a nuisance good?
A.
B.
C.
D.
13.  The opposite of a nuisance good is a(n)_______good
A.
B.
C.
D.
14.  What is a nuisance good?
A.
B.
C.
D.
15.  To an economist, which of the following is unlimited?
A.
B.
C.
D.
16.  Which of the following statements about insatiability is true?
A.
B.
C.
D.
17.  Choices are necessary because people expierence a conflict between onsatiability and
A.
B.
C.
D.
18.  As a science, economics always begins with
A.
B.
C.
D.
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