IB Economics Unit 1.2: How Economists Approach the World

1#

Identify the positive statement+zeeq*rvxo/ 8 from 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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2#

单选题 ( 1.0 分) 切至整卷模式搜藏此题

Define the term “cetep6:cqg +,)kkpvwca2vw s ,uo. ris paribus”.

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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3#

单选题 ( 1.0 分) 切至整卷模式搜藏此题

Which of the following falls within the realm of normative economics?).ig 6ealmkx,

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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4#

单选题 ( 1.0 分) 切至整卷模式搜藏此题

Which of the following is a normativ2q *kj4lzljh / q8pwk7e 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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5#

单选题 ( 1.0 分) 切至整卷模式搜藏此题

With regards to the origin of economic ideas in a histori0wcjwxej b+f lw 9dp6f);z//scal context, which of the following happened in the 19lc ws ;9 +j6ejfwwd/pxz)/ fb0th 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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6#

单选题 ( 1.0 分) 切至整卷模式搜藏此题

Which of the following is a feature of the circular economy' which has buk 1lhu2:ne rh*afo6 6ecome more popular iroh ku2:l au*fnh16 e6n 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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7#

单选题 ( 1.0 分) 切至整卷模式搜藏此题

Say's Law of Markets can b7zm* iq- ddh(te summarised as supply creates its own demand'. What does this economic printhzid 7 md-*(qciple 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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8#

单选题 ( 1.0 分) 切至整卷模式搜藏此题

Maximisation of utili4a/bez.+fzeq 9wsmq9 ,ntb 0cty assumes

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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