Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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1.
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Which of the following is not a type of policy that may be exercised by
government?
a. | laissez-faire (choosing to not implement policy) | b. | fiscal
policy | c. | substitution policy | d. | monetary policy |
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2.
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There’s significant disagreement and debate in macroeconomics among and
between different “schools” or groups of economists about the what are the best policies
for government to pursue because
a. | nobody ever listens to economists and therefore the debates are
pointless | b. | the different schools have fundamentally different ideological biases about whether a
capitalist market system is naturally stable | c. | the different schools have fundamentally
different ideological biases about whether a government policy interference in the economy is needed
or likely to hurt | d. | there really isn’t much disagreement
about policy recommendations | e. | b and c from
above |
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3.
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Since this course has flexible scheduling and is totally online
a. | It will require discipline and at least as much or more work as a face-to-face class,
but
I can schedule that study time around my work schedule or other major lifestyle
event. | b. | I don’t need to worry about scheduling or planning my work each week.
I’ll just take it as it comes. | c. | it will be easier and less work than taking it
face-to-face | d. | I don’t have to get started right away. I can wait a few weeks before I really
get moving on my work. It will be easier if I just do it all at once closer to the
final. |
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4.
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You MAY be dropped from the course by the instructor if
a. | you fail to complete Unit 1 (quiz and 2 forums) by the due date | b. | you cross your
fingers, close your eyes, click your heels, and wish really hard | c. | you have extended
periods (more than 2 weeks or so) without any activity or quiz submissions in the course and you
haven’t informed Jim | d. | your birthdate comes up in the Michigan
lottery | e. | a and c | f. | b and d |
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5.
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The last day to take the final exam in this course is:
a. | the last day of the official semester | b. | listed in the syllabus. | c. | a and
b | d. | none of the above |
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6.
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Choose the statement that best reflects your encounter with the syllabus.
a. | I sort of read it. | b. | I haven’t looked at it
yet. | c. | I read it and I even found the reference to M&M’s. | d. | I only skimmed
it. |
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7.
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Which of the following is not one of the major macroeconomic goals for any
society to achieve?
a. | full employment | b. | long run growth | c. | low
prices | d. | stable price level | e. | cyclical
stability |
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8.
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Which answer best describes what macroeconomics studies?
a. | individual utility maximization and spending choices | b. | dull boring
statistics | c. | overall economic performance of the economic system and government economic
policy | d. | how individual markets set prices and determine
quantities |
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9.
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There are two websites associated with this course. The difference between them
and how they are used is:
a. | http://macro.econproph.net, a public website operated by Jim has all of the
non-graded assignments and study materials such as the Jim’s Guide, reading to textbook,
special tutorials, notes, and practice quizzes. | b. | Desire2Learn, the LCC learning mgt system, has
all of the graded assignments, help forums, and links to the other website | c. | the two sites
complement each other and must be used together to complete the course | d. | all of the
above |
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10.
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How many times and how can you submit the final exam?
a. | only once online in Desire2Learn | b. | only once but it must be proctored in
person | c. | twice online and the highest score counts online in Desire2Learn | d. | an unlimited number
of times online, but the last submission counts online in
Desire2Learn |
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11.
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How many times and how can you submit worksheets?
a. | only once online in Desire2Learn | b. | only once but it must be proctored in
person | c. | twice online and the highest score counts online in Desire2Learn | d. | an unlimited number
of times online, but the last submission counts online in
Desire2Learn |
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