Question 1

Which of the following does not affect a country's production-possibilities curve?

Accepted Answer

A)  the country's natural resources 
B)  the country's population 
C)  the country's capital resources 
D)  the country's demand for certain products 
A)  the country's natural resources 
B)  the country's population 
C)  the country's capital resources 
D)  the country's demand for certain products

Question 2

Which of the following examples demonstrates an inverse relationship?

Accepted Answer

A)  Production increases with less unemployment. 
B)  Production decreases with less employment. 
C)  Positive economic growth is associated with good technology. 
D)  Unemployment and inflation rates change at the same rate. 
A)  Production increases with less unemployment. 
B)  Production decreases with less employment. 
C)  Positive economic growth is associated with good technology. 
D)  Unemployment and inflation rates change at the same rate.

Question 3

Which of the following economic systems is the most popular in the world today?

Accepted Answer

A)  traditional 
B)  command 
C)  free market 
D)  mixed economy 
A)  traditional 
B)  command 
C)  free market 
D)  mixed economy

Question 4

Which of the following is true about the science of economics?

Accepted Answer

A)  The environment in which experiments take place can be controlled. 
B)  It does not use experiments to study human behaviour. 
C)  Economists make value judgements during scientific reasoning. 
D)  The subject or individuals studied are preprogrammed. 
A)  The environment in which experiments take place can be controlled. 
B)  It does not use experiments to study human behaviour. 
C)  Economists make value judgements during scientific reasoning. 
D)  The subject or individuals studied are preprogrammed.

Which of the following does not affect a country's production-possibilities curve?

Which of the following examples demonstrates an inverse relationship?

Which of the following economic systems is the most popular in the world today?

Which of the following is true about the science of economics?

The Operation of a Market

The Role of Government in a Market Economy

Government in Canada

Economic Indicators

Determination of National Income

Money and the Canadian Banking System

Stabilization Policy

International Economics

Industrial Organization in Canada

Production Costs

Perfect Competition : Theory and Practice

How Imperfect Competition Functions

The Labour Market

Filters

Exam 1: Introductory Concepts

Which of the following does not affect a country's production-possibilities curve?

Which of the following examples demonstrates an inverse relationship?

Which of the following economic systems is the most popular in the world today?

Which of the following is true about the science of economics?

The Operation of a Market

The Role of Government in a Market Economy

Government in Canada

Economic Indicators

Determination of National Income

Money and the Canadian Banking System

Stabilization Policy

International Economics

Industrial Organization in Canada

Production Costs

Perfect Competition : Theory and Practice

How Imperfect Competition Functions

The Labour Market

Filters