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Tutorial 1

10 Questions  I  By Nfaizah
TUTORIAL 1
ANSWER ALL QUESTION

  
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Question Excerpt

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1.  Which of the following expresses the most nearly correct cause-effect explanation?                 
A.
B.
C.
D.
2.  Deciding at the margin is __________ an all-or-nothing decision.
A.
B.
C.
D.
3.  Economists use the ceteris paribus assumption in order to
A.
B.
C.
D.
4.  The economist says, “The data show that interest rates rose soon after the budget deficit increased in size. This proves that a rising budget deficit causes higher interest rates.” This economist should
A.
B.
C.
D.
5.  Which of the following is a positive economic statement?
A.
B.
C.
D.
6.  “If you hadn’t gone to dinner with your friends, you would have stayed home and “surfed” the Internet.” It follows that                                       
A.
B.
C.
D.
7.  A three-word synonym for the term ceteris paribus is   
A.
B.
C.
D.
8.  There is no such thing as a free lunch is a saying that expresses the idea that  
A.
B.
C.
D.
9.  The study of an economy’s price level is explicitly a part of                                             
A.
B.
C.
D.
10.  Which statement is correct?                                           
A.
B.
C.
D.
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