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AP Economics Quiz over Ch. 1

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Name: Period: Date: AP ECONOMICS CH. 1 QUIZ An example of causation fallacy is: Other things equal Post Hoc Fallacy Ceteris Paribus The idea that ?the role of economic theorizing is to systematically arrange facts, interpret them, and generalize from them? is the basic concept of: Theoretical Economics Analytical Economics Normative Economics Please list the three steps for creating policies in Policy Economics How many types of market economies are there? 2 4 6 All of the following are considered accepted American economic goals EXCEPT? Economic growth Full unemployment Economic efficiency True or False Macroeconomics concerns the study of specifics like the current price of tea in China.

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