Exam (elaborations)

Test Bank for Economics, 9th Edition by Hubbard (All Chapters included)

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Course
Managerial Economics

Institution
Managerial Economics

Complete Test Bank for Economics, 9th Edition by Glenn Hubbard, Anthony P. O'Brien ; ISBN13: 9780357717417....(Full Chapters included and organized in reverse order from Chapter 28 to 1)...1.Economics: Foundations and Models 2.Trade-offs, Comparative Advantage, and the Market System 3.Where Price...

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9th edition
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9780357717417
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TEST BANK

Economics, 9th Edition
by Glenn Hubbard

Complete Chapters Test Bank
are included (Ch 1 to 28)

** Immediate Download
** Swift Response
** All Chapters included

,Table of Contents are given below

1.Economics: Foundations and Models
2.Trade-offs, Comparative Advantage, and the Market System
3.Where Prices Come From: The Interaction of Demand and Supply
4.Economic Efficiency, Government Price Setting, and Taxes
5.Externalities, Environmental Policy, and Public Goods
6.Elasticity: The Responsiveness of Demand and Supply
7.The Economics of Health Care
8.Firms, the Stock Market, and Corporate Governance
9.Comparative Advantage and the Gains from International Trade
10.Consumer Choice and Behavioral Economics
11.Technology, Production, and Costs
12.Firms in Perfectly Competitive Markets
13.Monopolistic Competition: The Competitive Model in a More Realistic Setting
14.Oligopoly: Firms in Less Competitive Markets
15.Monopoly and Antitrust Policy
16.The Markets for Labor and Other Factors of Production
17.Public Choice, Taxes, and the Distribution of Income
18.GDP: Measuring Total Production and Income
19.Unemployment and Inflation
20.Economic Growth, the Financial System, and Business Cycles
21.Long-Run Economic Growth: Sources and Policies
22.Aggregate Expenditure and Output in the Short Run
23.Aggregate Demand and Aggregate Supply Analysis
24.Banks, Money, and the Federal Reserve System
25.Monetary Policy
26.Fiscal Policy
27.Inflation, Unemployment, and Federal Reserve Policy
28.Macroeconomics in an Open Economy and the International Financial System

,The test bank is organized in reverse order, with the last chapter displayed first, to ensure that
all chapters are included in this document. (Complete Chapters included Ch28-1)

Economics Digital Update, 9e (Hubbard)
Chapter 28 Macroeconomics in an Open Economy
28.1 The Balance of Payments: Linking the United States to the International Economy

1) An economy that has interactions in trade or finance with other economies is referred to as
A) an open economy.
B) a closed economy.
C) a trade-balanced economy.
D) a net foreign investment economy.
Answer: A
Diff: 1
Topic: Closed versus Open Economies
*: Recurring
Learning Outcome: Macro-15: Describe how government policies and exchange rates affect open
economy macroeconomics
AACSB: Analytical thinking

2) In 2022, global profit for Amazon was $861 million lower when measured in dollars than when
measured in local currencies. The reason for this discrepancy is because
A) the value of the euro increased relative to the British pound.
B) the value of the British pound decreased relative to the U.S. dollar.
C) converting sales in foreign currencies into dollars decreased Amazon's profit.
D) converting dollars into foreign currencies yielded less foreign currency for Amazon.
Answer: C
Diff: 1
Topic: Currency Appreciation and Depreciation
Learning Outcome: Macro-15: Describe how government policies and exchange rates affect open
economy macroeconomics
AACSB: Analytical thinking
Special Feature: Chapter Opener: Covid-19 Disrupts the Global Economy

3) Although based in the United States, Amazon is a global company with ________ of its sales outside of
the United States.
A) 12 percent
B) 23 percent
C) 50 percent
D) 77 percent
Answer: B
Diff: 1
Topic: Currency Appreciation and Depreciation
Learning Outcome: Macro-15: Describe how government policies and exchange rates affect open
economy macroeconomics
Special Feature: Chapter Opener: Covid-19 Disrupts the Global Economy

1

, 4) Suppose China decides to sell a vast majority of their large holdings of U.S. Treasury bonds. If you are
thinking of refinancing your house, how would China's action affect your decision to refinance?
A) You would want to refinance as soon as possible as interest rates should rise.
B) You would want to wait to refinance as interest rates should rise.
C) You would want to wait to refinance as interest rates should fall.
D) China's actions should not affect your decision to refinance in any way.
Answer: A
Diff: 2
Topic: Changes in Bond Holdings and Interest Rates
Learning Outcome: Macro-15: Describe how government policies and exchange rates affect open
economy macroeconomics
AACSB: Analytical thinking
Special Feature: Economics in Your Life & Career: The South Korean Central Bank and Your Car Loan

5) An open economy is an economy that has
A) interactions in trade or finance with other economies.
B) its own stock market.
C) governmental regulations regarding public information that is included in corporate finance reports.
D) governmental regulations regarding the number of hours retail establishments must remain open on a
daily basis.
Answer: A
Diff: 1
Topic: Closed versus Open Economies
*: Recurring
Learning Outcome: Macro-15: Describe how government policies and exchange rates affect open
economy macroeconomics
AACSB: Analytical thinking

6) Which of the following transactions would be included in Japan's current account?
A) A Japanese citizen purchases 50 shares of Apple stock.
B) An American citizen purchases 50 shares of Toshiba stock.
C) A Japanese citizen purchases a new Toyota made in Japan.
D) An American citizen purchases a new Toyota made in Japan.
Answer: D
Diff: 2
Topic: The Current Account
*: Recurring
Learning Outcome: Macro-15: Describe how government policies and exchange rates affect open
economy macroeconomics
AACSB: Analytical thinking

2

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