AnswersEconomics and Personal FinanceEvaluating Economics Information

Evaluating Economics Information — Quiz Answers

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1
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Which phrase best describes propaganda?

A
communication that provides multiple points of view on an issue
B
when a writer uses highly positive or negative descriptions of a topic
C
communication that is used to gain support for a cause or point of view
D
when a writer removes part of a source to change its meaning
2
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What four aspects of a source are analyzed using the CAPP strategy?

A
context, audience, place, perspective
B
context, audience, purpose, point of view
C
credibility, authenticity, purpose, point of view
D
clarity, authenticity, purpose, perspective
3

Read the citation. Winegarden, Wayne. "Price Controls Impose High Costs On Patients.” Forbes. Forbes Magazine, January 23, 2020. https://www.forbes.com/sites/waynewinegarden/2020/01/23/price-controls-impose-high-costs-on-patients/#44a6f5845b6f. What is the first step to sourcing this article before reading further?

A
decide whether prices should be controlled
B
check the credentials of Wayne Winegarden
C
check the political bias of Forbes Magazine
D
check the date and place of publication
4

Which is an example of a secondary source?

A
Government statistics regarding mortgage rates.
B
A podcast making recommendations on what stocks to buy and sell.
C
A journal of an investment banker during the Great Depression.
D
Video footage of an interview with the head of the Federal Reserve.
5

Which sentence is an example of bias by labeling?

A
The childish tennis player threw her racket viciously at the net.
B
Many tennis players dispute calls made by officials as to whether a ball is in bounds.
C
Many tennis players sign contracts with athletic gear companies to promote their products.
D
The tennis player was visibly upset by the official’s call.
6

What is an advantage of using a primary source document?

A
It provides interpretations about a specific topic.
B
It offers multiple perspectives on a topic.
C
It establishes a record of a moment in time.
D
It can be constructed without context.
7

Read the citation. Winegarden, Wayne. "Price Controls Impose High Costs On Patients.” Forbes. Forbes Magazine, January 23, 2020. https://www.forbes.com/sites/waynewinegarden/2020/01/23/price-controls-impose-high-costs-on-patients/#44a6f5845b6f. How might the author’s perspective introduce bias into their writing?

A
by only using information that supports the claim that price controls cause high costs
B
by only using positive adjectives to describe hospitals and medical facilities that use price controls
C
by using data from studies and government sources regarding the impact of price controls on costs
D
by using a variety of sources that support multiple viewpoints on price controls
8

Which statement about the sourcing of this primary source best evaluates its validity?

A
The speaker uses imagery and dramatic language to persuade the reader.
B
The speaker has credentials and experience in the issues discussed.
C
The speaker provides a variety of sources to support his claim.
D
The speaker cites experts and data to support his claim.
9

Which phrase best evaluates the frame of reference for this passage?

A
actions taken by major investors to intentionally drive down stocks for personal gain in 2008
B
Washington, DC, in 2008, when the government has experienced partisan struggles that increased tensions
C
Washington, DC, in 2008, when the government has taken actions to end the economic crisis and boost confidence
D
triple-digit swings in the stock market with financial institutions teetering on the edge of collapse in 2008
10

What is the purpose of this passage?

A
to inform Americans that the economic crisis had ended
B
to instill confidence that the economy would improve
C
to persuade Americans to invest in the stock market
D
to explain the cause of the economic crisis of 2008

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