Question 1

Who would be more likely to study the inflation rate in the United States,a macroeconomist or a microeconomist?

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Question 2

Is the following a positive or normative statement? The United States government should mandate that every citizen purchases health insurance.

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Question 3

-Refer to Figure 2-3.What is the slope of the line?

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-Refer to Figure 2-3.What is the slope...

Question 4

-Refer to Figure 2-3.How are price and quantity related in this graph?

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-Refer to Figure 2-3.How are price and...

Question 5

Is the following a positive or normative statement? The unemployment rate in Nevada is higher than the unemployment rate in New York.

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Question 6

Is the following a positive or normative statement? The federal minimum wage is lower than many state minimum wages.

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Question 7

Is the following a positive or normative statement? The Federal Reserve should set an inflation target and employ policies to meet the target.

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Question 8

-Refer to Figure 2-3.Is a move from point A to point B considered a shift of the curve or a movement along the curve?

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-Refer to Figure 2-3.Is a move from...

Question 9

-Refer to Figure 2-3.What are the coordinates of point C?

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-Refer to Figure 2-3.What are the coordinates...

Quiz 2: Thinking Like an Economist

Who would be more likely to study the inflation rate in the United States,a macroeconomist or a microeconomist?