and Data Protection in Journalism**Journalists often rely on confidential sources, and protecting the privacy
of these sources is crucial to maintaining journalistic integrity. However, ethical and legal issues can arise
when journalists are compelled to reveal sources in court or when their sources’ privacy conflicts with other
legal considerations, such as national security. In some jurisdictions, legal protections such as "shield laws"
exist to protect journalists’ confidentiality agreements, but these laws vary widely by country.Moreover, with
the increasing reliance on digital platforms for news dissemination, the question of how journalists handle
user data becomes significant. Ethical concerns arise when news organizations collect personal data from
readers and use it for targeted advertising or subscription models,
Measuring a Nation’s Income
Multiple Choice – Section 00: Introduction
1. Macroeconomists study
a. the decisions of individual households and firms.
b. the interaction between households and firms.
c. economy-wide phenomena.
d. regulations imposed on firms and unions.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:General Macro
KEYWORDS: BLOOM'S: Knowledge
2. Which of the following headlines is more closely related to what microeconomists study than to
what macroeconomists study?
a. Unemployment rate falls from 7.5 percent to 7.3 percent.
b. Real GDP falls by 0.4 percent in the third quarter.
c. Inflation was 2.4 percent last year.
d. The price of gasoline rises due to rising oil prices.
ANSWER: d
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:General Micro
KEYWORDS: BLOOM'S: Comprehension
NOTES: r
, 3. Which of the following questions is more likely to be studied by a microeconomist than a
macroeconomist?
a. Why do prices in general rise by more in some countries than in others?
b. Why do wages differ across industries?
c. Why do national production and income increase in some periods and not in others?
d. How rapidly is GDP currently increasing?
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:General Micro
KEYWORDS: BLOOM'S: Comprehension
and Data Protection in Journalism**Journalists often rely on confidential sources, and protecting
the privacy of these sources is crucial to maintaining journalistic integrity. However, ethical and
legal issues can arise when journalists are compelled to reveal sources in court or when their
sources’ privacy conflicts with other legal considerations, such as national security. In some
jurisdictions, legal protections such as "shield laws" exist to protect journalists’ confidentiality
agreements, but these laws vary widely by country.Moreover, with the increasing reliance on
digital platforms for news dissemination, the question of how journalists handle user data
becomes significant. Ethical concerns arise when news organizations collect personal data from
readers and use it for targeted advertising or subscription models,
4. Which of the following topics are more likely to be studied by a macroeconomist than by a
microeconomist?
a. the effect of taxes on the prices of airline tickets, and the profitability of automobile-
manufacturing firms
b. the price of beef, and wage differences between genders
c. how consumers maximize utility, and how prices are established in markets for agricultural
products
d. the percentage of the labor force that is out of work, and differences in average income from
country to country
ANSWER: d
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:General Macro
KEYWORDS: BLOOM'S: Comprehension
, 5. A macroeconomist is interested in
a. explaining how changes in sellers’ behavior affect prices of a particular good.
b. explaining price changes in a particular market.
c. explaining why the unemployment rate is higher.
d. All of the above are correct.
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:General Macro
KEYWORDS: BLOOM'S: Comprehension
NOTES: r
and Data Protection in Journalism**Journalists often rely on confidential sources, and protecting
the privacy of these sources is crucial to maintaining journalistic integrity. However, ethical and
legal issues can arise when journalists are compelled to reveal sources in court or when their
sources’ privacy conflicts with other legal considerations, such as national security. In some
jurisdictions, legal protections such as "shield laws" exist to protect journalists’ confidentiality
agreements, but these laws vary widely by country.Moreover, with the increasing reliance on
digital platforms for news dissemination, the question of how journalists handle user data
becomes significant. Ethical concerns arise when news organizations collect personal data from
readers and use it for targeted advertising or subscription models,
6. Which of the following is not a question addressed by macroeconomists?
a. Why is average income high in some nations but low in others?
b. What, if anything, can the government do to promote growth in incomes, low inflation, and stable
employment?
c. What is the impact of foreign competition on the U.S. auto industry?
d. Why do production and employment expand in some years and contract in others?
ANSWER: c
POINTS: 1
DIFFICULTY: Difficulty: Easy
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:General Macro
KEYWORDS: BLOOM'S: Knowledge
, 7. Which of the following is not a question that macroeconomists address?
a. Why is average income high in some countries while it is low in others?
b. Why does the price of oil rise when war erupts in the Middle East?
c. Why do production and employment expand in some years and contract in others?
d. Why do prices rise rapidly in some periods of time while they are more stable in other periods?
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:General Macro
KEYWORDS: BLOOM'S: Comprehension
and Data Protection in Journalism**Journalists often rely on confidential sources, and protecting
the privacy of these sources is crucial to maintaining journalistic integrity. However, ethical and
legal issues can arise when journalists are compelled to reveal sources in court or when their
sources’ privacy conflicts with other legal considerations, such as national security. In some
jurisdictions, legal protections such as "shield laws" exist to protect journalists’ confidentiality
agreements, but these laws vary widely by country.Moreover, with the increasing reliance on
digital platforms for news dissemination, the question of how journalists handle user data
becomes significant. Ethical concerns arise when news organizations collect personal data from
readers and use it for targeted advertising or subscription models,
8. The basic tools of supply and demand are
a. useful only in the analysis of economic behavior in individual markets.
b. useful in analyzing the overall economy, but not in analyzing individual markets.
c. central to microeconomic analysis, but seldom used in macroeconomic analysis.
d. central to macroeconomic analysis as well as to microeconomic analysis.
ANSWER: d
POINTS: 1
DIFFICULTY: Difficulty: Easy
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:Supply and Demand
KEYWORDS: BLOOM'S: Knowledge
of these sources is crucial to maintaining journalistic integrity. However, ethical and legal issues can arise
when journalists are compelled to reveal sources in court or when their sources’ privacy conflicts with other
legal considerations, such as national security. In some jurisdictions, legal protections such as "shield laws"
exist to protect journalists’ confidentiality agreements, but these laws vary widely by country.Moreover, with
the increasing reliance on digital platforms for news dissemination, the question of how journalists handle
user data becomes significant. Ethical concerns arise when news organizations collect personal data from
readers and use it for targeted advertising or subscription models,
Measuring a Nation’s Income
Multiple Choice – Section 00: Introduction
1. Macroeconomists study
a. the decisions of individual households and firms.
b. the interaction between households and firms.
c. economy-wide phenomena.
d. regulations imposed on firms and unions.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:General Macro
KEYWORDS: BLOOM'S: Knowledge
2. Which of the following headlines is more closely related to what microeconomists study than to
what macroeconomists study?
a. Unemployment rate falls from 7.5 percent to 7.3 percent.
b. Real GDP falls by 0.4 percent in the third quarter.
c. Inflation was 2.4 percent last year.
d. The price of gasoline rises due to rising oil prices.
ANSWER: d
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:General Micro
KEYWORDS: BLOOM'S: Comprehension
NOTES: r
, 3. Which of the following questions is more likely to be studied by a microeconomist than a
macroeconomist?
a. Why do prices in general rise by more in some countries than in others?
b. Why do wages differ across industries?
c. Why do national production and income increase in some periods and not in others?
d. How rapidly is GDP currently increasing?
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:General Micro
KEYWORDS: BLOOM'S: Comprehension
and Data Protection in Journalism**Journalists often rely on confidential sources, and protecting
the privacy of these sources is crucial to maintaining journalistic integrity. However, ethical and
legal issues can arise when journalists are compelled to reveal sources in court or when their
sources’ privacy conflicts with other legal considerations, such as national security. In some
jurisdictions, legal protections such as "shield laws" exist to protect journalists’ confidentiality
agreements, but these laws vary widely by country.Moreover, with the increasing reliance on
digital platforms for news dissemination, the question of how journalists handle user data
becomes significant. Ethical concerns arise when news organizations collect personal data from
readers and use it for targeted advertising or subscription models,
4. Which of the following topics are more likely to be studied by a macroeconomist than by a
microeconomist?
a. the effect of taxes on the prices of airline tickets, and the profitability of automobile-
manufacturing firms
b. the price of beef, and wage differences between genders
c. how consumers maximize utility, and how prices are established in markets for agricultural
products
d. the percentage of the labor force that is out of work, and differences in average income from
country to country
ANSWER: d
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:General Macro
KEYWORDS: BLOOM'S: Comprehension
, 5. A macroeconomist is interested in
a. explaining how changes in sellers’ behavior affect prices of a particular good.
b. explaining price changes in a particular market.
c. explaining why the unemployment rate is higher.
d. All of the above are correct.
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:General Macro
KEYWORDS: BLOOM'S: Comprehension
NOTES: r
and Data Protection in Journalism**Journalists often rely on confidential sources, and protecting
the privacy of these sources is crucial to maintaining journalistic integrity. However, ethical and
legal issues can arise when journalists are compelled to reveal sources in court or when their
sources’ privacy conflicts with other legal considerations, such as national security. In some
jurisdictions, legal protections such as "shield laws" exist to protect journalists’ confidentiality
agreements, but these laws vary widely by country.Moreover, with the increasing reliance on
digital platforms for news dissemination, the question of how journalists handle user data
becomes significant. Ethical concerns arise when news organizations collect personal data from
readers and use it for targeted advertising or subscription models,
6. Which of the following is not a question addressed by macroeconomists?
a. Why is average income high in some nations but low in others?
b. What, if anything, can the government do to promote growth in incomes, low inflation, and stable
employment?
c. What is the impact of foreign competition on the U.S. auto industry?
d. Why do production and employment expand in some years and contract in others?
ANSWER: c
POINTS: 1
DIFFICULTY: Difficulty: Easy
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:General Macro
KEYWORDS: BLOOM'S: Knowledge
, 7. Which of the following is not a question that macroeconomists address?
a. Why is average income high in some countries while it is low in others?
b. Why does the price of oil rise when war erupts in the Middle East?
c. Why do production and employment expand in some years and contract in others?
d. Why do prices rise rapidly in some periods of time while they are more stable in other periods?
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:General Macro
KEYWORDS: BLOOM'S: Comprehension
and Data Protection in Journalism**Journalists often rely on confidential sources, and protecting
the privacy of these sources is crucial to maintaining journalistic integrity. However, ethical and
legal issues can arise when journalists are compelled to reveal sources in court or when their
sources’ privacy conflicts with other legal considerations, such as national security. In some
jurisdictions, legal protections such as "shield laws" exist to protect journalists’ confidentiality
agreements, but these laws vary widely by country.Moreover, with the increasing reliance on
digital platforms for news dissemination, the question of how journalists handle user data
becomes significant. Ethical concerns arise when news organizations collect personal data from
readers and use it for targeted advertising or subscription models,
8. The basic tools of supply and demand are
a. useful only in the analysis of economic behavior in individual markets.
b. useful in analyzing the overall economy, but not in analyzing individual markets.
c. central to microeconomic analysis, but seldom used in macroeconomic analysis.
d. central to macroeconomic analysis as well as to microeconomic analysis.
ANSWER: d
POINTS: 1
DIFFICULTY: Difficulty: Easy
LEARNING OBJECTIVES: ECON.MANK.15.110 - LO: 23-0
NATIONAL STANDARDS: United States - BUSPROG: Analytic
TOPICS: DISC:Supply and Demand
KEYWORDS: BLOOM'S: Knowledge
