Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages To Order 5-10 Pages Description/Paper Instructions
ECON 1023 Multiple Choice Questions
Published by admin at Categories Tags1.Consider the market for single malt whisky – a normal good. You
observe there has been a general increase in the incomes of Canadians.
Additionally, you find the price of barely, a main ingredient in single malt
whisky, has decreased. The result of these effects leads to a:A)
An increase in
quantity transacted and an ambiguous change in prices.B)
A decrease in quantity
transacted and an ambiguous change in prices.C)
An increase in quantity transacted and an increase in prices.
D)
An increase in quantity transacted and a decrease in prices.
2.Now consider the market for skis and ski boots. You notice that
price of ski boots has fallen as of recent. As a result, what do you predict
will happen in the market for skis?A)
An increase in quantity transacted and a decrease in prices.
B)
A decrease in quantity transacted and an increase in prices.
C)
An increase in quantity
transacted and an increase in prices.D)
A decrease in quantity transacted and a decrease in prices.
3.To better compete with the skiing world, snowboard manufacturers
reduce their prices. What effect will this have on the market for skis?A)
An increase in quantity
transacted and a decrease in prices.B)
A decrease in quantity transacted and an increase in prices.
C)
An increase in quantity transacted and an increase in prices.
D)
A decrease in quantity transacted and a decrease in prices.
4.During the summer months, the demand for gasoline intensifies as
more people are taking vacations (i.e. driving more). At the same time,
requirements for cleaner emissions force retailers to purchase a more
expensive gasoline. Given these two occurrences, what is the predicted result
in the market for gasoline?A)
An increase in quantity transacted
and an increase in prices.B)
An ambiguous change in quantity
transacted and an ambiguous change in prices.C)
An ambiguous change in quantity transacted and an increase in prices.
D)
An increase in quantity transacted
and a decrease in prices.5.Fearing that current low gas prices will increase the popularity of
gas guzzling vehicles, the federal government decides to tax the sale of all
vehicles not meeting a certain L/100Km rating. Given this tax, what do you
expect will happen to the market for such gas guzzling vehicles.A)
An increase in quantity transacted
and a decrease in prices.B)
A decrease in quantity transacted and an increase in prices.
C)
An increase in quantity transacted
and an increase in prices.D)
A decrease in quantity transacted
and a decrease in prices.6.Which of the following would result in higher demand for Tim
Horton’s coffee?A)
A new fad doughnut diet.
B)
An increase in the price of
doughnuts, a complement to coffee.C)
A law restricting youths from
coffee shops until they are 21.D)
A decrease in consumers’ income.
7.Suppose the National Assembly, the governing body in Quebec,
imposes a price ceiling of $10 per month for chequing account charges. If the
average market-clearing price for monthly chequing account charges is $5,
then:A)
The price ceiling will keep prices
artificially low.B)
The price ceiling will increase the
quality of the good.C)
The price ceiling will not be binding in this instance.
D)
None of the above will occur.
8.Suppose Ontario schools offered cash bonuses to students who scored
high on the province’s standardized exams. The cash bonuses are an example of
which of the following basic economic principles?A)
Resources are scarce.
B)
The real cost of something is what
you must give up to get it.C)
There are gains from trade.
D)
People usually take advantage of opportunities to make themselves
better off.9.In the circular-flow model, the interaction between households and
firms implies that:A)
We need money to buy things.
B)
Households and firms interact in
the market for goods and services, but firms are the only participants in the
factor markets.C)
Firms supply goods and services to households which, in turn, supply
factors of production to firms.D)
The focus is on the ârealâ flows of
goods, services, and factors of production, but the flows of money between
households and firms are ignored for simplicity.10.Ukrainian wheat farmers are very upset about the subsidies the
Canadian government pays to Canadian wheat farmers. One reason for this could
be that:A)
Subsidized wheat from Canada leads
to global cotton surpluses and lower prices for Ukrainian farmers.B)
Subsidized wheat from Canada raises the world price of wheat.
C)
Subsidized wheat from Canada has
led to a global shortage of wheat.D)
Subsidized wheat from Canada has
led to an increase in the demand for Ukrainian wheat.11.Suppose you make $15 per hour working as an extra for Toronto Film
Extras. Today you need to take 2 hours off to see your divorce lawyer, but
your contract specifies that you still get paid for this time. The lawyer
charges $100 for the consultation. The opportunity cost in dollar terms for
your trip to the lawyer would be:A)
$30.
B)
$115.
C)
$100.
D)
$130.
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. The can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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