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Test Bank to accompany Principles of Macroeconomics, NETA Assessment: Sixth Canadian Edition BY Mankiw and Mckenzie all chapters covered $22.99
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Test Bank to accompany Principles of Macroeconomics, NETA Assessment:
Sixth Canadian Edition BY Mankiw and Mckenzie all chapters covered
Test Bank to accompany Principles of Macroeconomics, NETA Assessment:
Sixth Canadian Edition BY Mankiw and Mckenzie all chapters covered
Test Bank to acco...
1. WhichewordecomesefrometheeGreekewordefore“oneewhoemanageseaehousehold”?
a. market
b. consumer
c. producer
d. economy
ANS:ee D PTS:eee 1 DIF: Easy REF: p.e3-4
BLM:e Remember NOT:ee MacroeTB_1-1
2. FromewhicheGreekeword(s)eisetheewordeeconomyederived?
a. environment
b. oneewhoemanageseaehousehold
c. oneewhoeparticipateseineaemarket
d. conservation
ANS:ee B PTS:eee 1 DIF: Easy REF: p.e3-4
BLM:e Remember NOT:ee MacroeTB_1-2
3. Whatedoehouseholdseandeeconomiesehaveeinecommon?
a. Theyebothemusteallocateescarceeresources.
b. Theyebothefaceemanyedecisions.
c. Theyebothemusteallocateetheegoodseandeservicesetheyeproduce.
d. Theyebothemustehaveeaecentraledecisionemaker.
ANS:ee D PTS:eee 1 DIF: Average REF: p.e3-4
BLM:e Remember NOT:ee MacroeTB_1-3
4. Whateconceptedoeseeconomicseprimarilyedealewith?
a. scarcity
b. poverty
c. change
d. power
ANS:ee A PTS:eee 1 DIF: Easy REF: p.e4
BLM:e Remember NOT:ee MacroeTB_1-4
5. WhicheofetheefollowingeiseNOTeincludedeinetheedecisionsethateeveryesocietyemustemake?
a. whategoodsewillebeeproduced
b. whoewilleproduceetheegoods
c. whatedetermineseconsumerepreferences
d. whoewilleconsumeetheegoods
ANS:ee C PTS:eee 1 DIF: Average REF:eeep.e4
BLM:e Remember NOT:ee MacroeTB_1-5
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