Prüfung
The Macro Economy Today 15Th Ed by Bradley Schiller - Test Bank
- Kurs
- Hochschule
Test Bank For The Macro Economy Today 15Th Ed by Bradley Schiller Complete Test Bank
[ Mehr anzeigen ]vorschau 4 aus 1565 Seiten
Vorschau 4 aus 1565 Seiten
In den Einkaufswagen
In den Einkaufswagen
Verkäufer
Folgen
ExamsExpert
Deine Reviews
Inhaltsvorschau
,The Macro Economy Today, 15e (Schiller)Chapter 1 Economics: The Core Issues
1) Which of the following is not one of the three core economic issues that must be resolved?
A) How to produce the goods and services we select.
B) What to produce with unlimited resources.
C) Who should get the goods and services we produce.
D) What to produce with limited resources.
Answer: B
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-04 The three core economic questions that every society must answer.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
2) The fundamental problem of economics is
A) The law of increasing opportunity costs.
B) The scarcity of resources relative to human wants.
C) How to get government to operate efficiently.
D) How to create employment for everyone.
Answer: B
Difficulty: 1 Easy
Topic: Scarcity: The Core Problem
Learning Objective: 01-01 What scarcity is.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
3) In economics, scarcity means that
A) A shortage of a particular good will cause the price to fall.
B) A production possibilities curve cannot accurately represent the trade-off between two goods.
C) Society's desires exceed resources available.
D) The market mechanism has failed.
Answer: C
Difficulty: 1 Easy
Topic: Scarcity: The Core Problem
Learning Objective: 01-01 What scarcity is.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
1
Copyright © 2019 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written consent of McGraw-Hill Education.
,4) Given that resources are scarce,
A) A "free lunch" is possible, but only for a limited number of people.
B) Opportunity costs are experienced whenever choices are made.
C) Poor countries must make choices, but rich countries with abundant resources do not have to
make choices.
D) Some choices involve opportunity costs while other choices do not.
Answer: B
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-02 How scarcity creates opportunity costs.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
5) A consequence of the economic problem of scarcity is that
A) Choices have to be made about how resources are used.
B) There is never too much of any good or service produced.
C) The production of goods and services must be controlled by the government.
D) The production possibilities curve is bowed outward.
Answer: A
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-02 How scarcity creates opportunity costs.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
6) The basic factors of production include
A) Land, labor, money, and capital.
B) Land, labor, money, and inputs.
C) Labor and money.
D) Land, labor, capital, and entrepreneurship.
Answer: D
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-01 What scarcity is.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
2
Copyright © 2019 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written consent of McGraw-Hill Education.
, 7) Factors of production are
A) Scarce in every society.
B) Scarce only in advanced countries.
C) Scarce only in the poorest countries of the world.
D) Unlimited in quantity.
Answer: A
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-01 What scarcity is.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
8) Which of the following is not a factor of production?
A) A psychiatrist.
B) $100,000 cash.
C) A bulldozer.
D) Six thousand acres of farmland.
Answer: B
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-01 What scarcity is.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
9) With respect to factors of production, which of the following statements is not true?
A) Factors of production are also known as resources.
B) In order to produce any good or service, it is necessary to have factors of production.
C) Factors of production include land, labor, capital, and entrepreneurship.
D) Only those resources that are privately owned are counted as factors of production.
Answer: D
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-01 What scarcity is.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
3
Copyright © 2019 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written consent of McGraw-Hill Education.
Alle Vorteile der Zusammenfassungen von Stuvia auf einen Blick:
Garantiert gute Qualität durch Reviews
Stuvia Verkäufer haben mehr als 700.000 Zusammenfassungen beurteilt. Deshalb weißt du dass du das beste Dokument kaufst.
Schnell und einfach kaufen
Man bezahlt schnell und einfach mit iDeal, Kreditkarte oder Stuvia-Kredit für die Zusammenfassungen. Man braucht keine Mitgliedschaft.
Konzentration auf den Kern der Sache
Deine Mitstudenten schreiben die Zusammenfassungen. Deshalb enthalten die Zusammenfassungen immer aktuelle, zuverlässige und up-to-date Informationen. Damit kommst du schnell zum Kern der Sache.
Häufig gestellte Fragen
Was bekomme ich, wenn ich dieses Dokument kaufe?
Du erhältst eine PDF-Datei, die sofort nach dem Kauf verfügbar ist. Das gekaufte Dokument ist jederzeit, überall und unbegrenzt über dein Profil zugänglich.
Zufriedenheitsgarantie: Wie funktioniert das?
Unsere Zufriedenheitsgarantie sorgt dafür, dass du immer eine Lernunterlage findest, die zu dir passt. Du füllst ein Formular aus und unser Kundendienstteam kümmert sich um den Rest.
Wem kaufe ich diese Zusammenfassung ab?
Stuvia ist ein Marktplatz, du kaufst dieses Dokument also nicht von uns, sondern vom Verkäufer ExamsExpert. Stuvia erleichtert die Zahlung an den Verkäufer.
Werde ich an ein Abonnement gebunden sein?
Nein, du kaufst diese Zusammenfassung nur für 25,31 €. Du bist nach deinem Kauf an nichts gebunden.
Kann man Stuvia trauen?
4.6 Sterne auf Google & Trustpilot (+1000 reviews)
45.681 Zusammenfassungen wurden in den letzten 30 Tagen verkauft
Gegründet 2010, seit 15 Jahren die erste Adresse für Zusammenfassungen