Understanding Economic Statements and Judgments
Interactive Video
•
Business, Social Studies
•
11th Grade - University
•
Practice Problem
•
Hard
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10 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What are economic statements and judgments, and how are they formed?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
How do economists use their models and data to make projections about the future?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What role do economists play in providing advice to governmental departments?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
How do businesses utilize the advice of economists in their operations?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
How should one critically evaluate economic statements and recommendations?
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the difference between normative and positive statements in economics?
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
Can you provide an example of a positive statement and explain why it is considered positive?
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