Quiz_Chap2 - Name Class Date ID A Problem Set Ch2 Multiple...

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Name: ________________________ Class: ___________________ Date: __________ ID: A 11 Problem Set Ch2 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 1. Economists, like mathematicians, physicists, and psychologists, a. make use of the scientific method. b. make use of their own language. c. devise theories, and collect and analyze data. d. All of the above are correct. ____ 2. By scientific method we mean a. the use of modern electronic testing equipment to understand the world. b. the dispassionate development and testing of theories about how the world works. c. the use of controlled laboratory experiments to understand the way the world works. d. finding evidence to support preconceived theories about how the world works. ____ 3. Sir Isaac Newton's development of the theory of gravity after observing an apple fall from a tree is an example of a. controlled experiments that lead to the formulation of scientific theories. b. being in the right place at the right time. c. an idea whose time had come. d. the interplay between observation and theory in science. ____ 4. Which of the following statements applies to economics, as well as to other sciences such as physics? a. Experiments are considered valid only when they are conducted in a laboratory. b. Good theories do not need to be tested. c. Real-world observations often lead to theories. d. Economics, as well as other sciences, are concerned primarily with abstract concepts. ____ 5. Which of the following statements is true? a. Economists almost always find it easy to conduct experiments in order to test their theories. b. Economics is not a true science because economists are not usually allowed to conduct experiments to test their theories. c. Economics is a social science rather than a true science because it cannot employ the scientific method. d. Economists are usually not allowed to conduct experiments, and so they must rely on natural experiments offered by history. ____ 6. Economists make assumptions in order to a. mimic the methodologies employed by other scientists. b. minimize the number of experiments that yield no useful data. c. minimize the likelihood that some aspect of the problem at hand is being overlooked. d. focus their thinking on the essence of the problem at hand. ____ 7. The art in scientific thinking -- whether in chemistry, economics, or psychology -- is a. the design and implementation of laboratory experiments. b. knowing when to stop collecting data and when to start analyzing the data. c. deciding which assumptions to make. d. being able to mathematically model natural phenomena. ____ 8. An economic theory about international trade that is based on the assumption that there are only two countries and two goods a. can be useful in helping economists understand the complex world of international trade involving many countries and many goods. b.
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This note was uploaded on 05/16/2010 for the course ECO BA 521 taught by Professor Dr.bridges during the Spring '10 term at Andrew Jackson.

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Quiz_Chap2 - Name Class Date ID A Problem Set Ch2 Multiple...

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