IB Economics Unit 1.2: How Economists Approach the World

?作业考试练习?IB经济学?IB Economics Unit 1.2: How Economists Approach the World

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习题练习：IB Economics Unit 1.2: How Economists Approach the World

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Identify the positive statement z:1fop 8mxqf:i2a7 i tjt(hgy 8)dh3zfrom the following choices

A. Public education is provided free by the government.

B. Education must be provided free of charge by the government.

C. The government budget for public education must be increased.

D. Public education ought to be better than private education.

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Define the term “ceteris payh4*)azc115iht- jrq8g za dwribus”.

A. All other things are held constant forever.

B. All other things are held constant.

C. All other things are unimportant.

D. All other things are equally important.

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Which of the following fa2)hd we;f/pjsqnf* gq9. aq ;alls within the realm of normative economics?

A. The use of value judgments

B. The use of models

C. The use of logic

D. The possibility of refutation

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Which of the followingc8at0*t5 vd da;uw b as:.m)sl is a normative statement?

A. The inflation rate is 2 % % higher than last year

B. The economy has grown faster this year than last year

C. The unemployment rate has fallen by 5 %

D. The richest 10 % % of people own too much wealth

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With regards to the origin of economic ideas in a historical contk-ubqp *+y)yhf37qb) iz;k s cext, which of the following happened in the *+p qbuq3 iyyk);kh -bcs)f7z 19th century?

A. The Keynesian revolution

B. The Marxist critique of classical economic thought

C. The rise of macroeconomic policy

D. The monetarist/new classical counter revolution

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Which of the following is a feature of thzoktbweu) t ,: e/i zpz/s72-he circular economy' which has become more pohzzt,pkbeo2e:sui/ ) 7-/zwtpular in 21st-century economic thought?

A. Emphasizing repair, refurbishment, and remanufacture

B. Designing products to be replaced after a while

C. Extracting materials for all new products from the environment

D. Once used, products end up in landfill sites

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Say's Law of Markets can be summarised as suppl;cy yhvfz p 1f,-oq.p9y creates its own demand'. What does this ecz;- h.q1pfvoyyp 9f,conomic principle mean?

A. If a product is supplied, then households will immediately buy it.

B. If a product is supplied, then households will eventually want it.

C. If a product is supplied, then households will have the income to demand it.

D. If a product is supplied, then households will be dependent on it.

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Maximisation of utility ass-s 4hp q9jsdkdo 4o;v1umes

A. consumers are rational and that their purchases of goods and services will maximise their satisfaction

B. producers are rational and that they would always maximise their profits

C. governments are rational, and they would always maximise their tax revenues.

D. consumers make choices out of habit

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