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 from pjeetq- :m)e : wrd4t: xyf8z-n. fdf-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 paribus”j 8uy* jlef9e..

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 falls within the realm of normfp 94z 8comx2zative 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 following is a normative statemen)csfd--ec ny1) z atu*t?

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 hist21udyemonn6 (bbp3gjwk4 *fh i).3uz orical context, which of the following happened in the 19th centu)odg3k.f*umyen2jh(1i pbw b 3n4zu6 ry?

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 txg .g8jzh/p fw3xsc .8he circular economy' which has become more popular in 21st-century economic thowcx8zs8 .pgj xgfh3/. ught?

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 summaris6h hwfr x/*u9fze/ -ebmq. +zred as supply creates its own demand'. What does this economic princip+9mb xfre u zr6z /-whf*.eqh/le 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 utility37wo qvl (2b6rn)os yx 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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