TEST BANK for Essentials of Econ 9th edition by Mankiw All Chapters 1-24 fully covered
TEST BANK for Essentials of Econ 9th edition by Mankiw All Chapters 1-24 fully covered
TEST BANK for Essentials of Econ 9th edition by Mankiw All Chapters 1-24 fully covered
TEST BANK for Essentials of Econ 9t...
TEST BANK
Essentials of Econ 9th edition by Mankiw
All Chapters 1-24 fully covered
Pagee1
,Table of Contents. e e
Part I: INTRODUCTION.
e e
1. Ten Principles of Economics.
e e e e
2. Thinking Like an Economist.
e e e e
3. Interdependence and the Gains from Trade.
e e e e e e
Part II: HOW MARKETS WORK.
e e e e
4. The Market Forces of Supply and Demand.
e e e e e e e
5. Elasticity and Its Application.
e e e e
6. Supply, Demand, and Government Policies.
e e e e e
Part III: MARKETS AND WELFARE.
e e e e
7. Consumers, Producers, and the Efficiency of Markets.
e e e e e e e
8. Application: The Costs of Taxation.
e e e e e
9. Application: International Trade.
e e e
Part IV: THE ECONOMICS OF THE PUBLIC SECTOR.
e e e e e e e
10. Externalities.
e
11. Public Goods and Common Resources.
e e e e e
Part V: Firm Behavior and the Organization of Industry.
e e e e e e e e
Pagee2
,12. The Costs of Production.
e e e e
13. Firms in Competitive Markets.
e e e e
14. Monopoly.
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Part VI: THE DATA OF MACROECONOMICS.
e e e e e
15. Measuring a Nation’s Income.
e e e e
16. Measuring the Cost of Living.
e e e e e
Part VII: THE REAL ECONOMY IN THE LONG RUN.
e e e e e e e e
17. Production and Growth.
e e e
18. Saving, Investment, and the Financial System.
e e e e e e
19. The Basic Tools of Finance.
e e e e e
20. Unemployment and Its Natural Rate.
e e e e e
Part VIII: MONEY AND PRICES IN THE LONG RUN.
e e e e e e e e
21. The Monetary System.
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22. Money Growth and Inflation.
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Part IX: SHORT-RUN ECONOMIC FLUCTUATIONS.
e e e e
23. Aggregate Demand and Aggregate Supply.
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24. The Influence of Monetary and Fiscal Policy on Aggregate Demand.
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Pagee3
, 1. Ten Principles of Economics.
e e e e
1. TheeEnglishewordethatecomesefrometheeGreekewordefore"oneewhoemanageseaehousehold"eis
a. market.
b. consumer.
c. producer.
d. economy.
ANSWER: d
DIFFICULTY: Easy
LEARNINGeOBJECTIVES:e ECON.MANK.012e-
eApplyebasic,eeconomiceprincipleseofeindividualedecisione makingethatedetermi
2. Theeworde“economy”ecomesefrometheeGreekewordeoikonomos,ewhichemeans
a. “environment.”
b. “production.”
c. “oneewhoemanageseaehousehold.”
d. “oneewhoemakesedecisions.”
ANSWER: c
DIFFICULTY: Easy
LEARNINGeOBJECTIVES:e ECON.MANK.012e-
eApplyebasic,eeconomiceprincipleseofeindividualedecisione makingethatedetermi
neehoweaneeconomyegenerallyeworks.
TOPICS: Economicethinking
KEYWORDS: BLOOM'S:eKnowledge
CUSTOMeID: 002.01.0e-eMCe-eMANK08
3. Resourceseare
a. scarceeforehouseholdsebuteplentifuleforeeconomies.
b. plentifuleforehouseholdsebutescarceeforeeconomies.
c. scarceeforehouseholdseandescarceeforeeconomies.
d. plentifuleforehouseholdseandeplentifuleforeeconomies.
ANSWER: c
DIFFICULTY: Easy
LEARNINGeOBJECTIVES:e ECON.MANK.012e-
eApplyebasic,eeconomiceprincipleseofeindividualedecisione makingethatedetermi
neehoweaneeconomyegenerallyeworks.
TOPICS:
Pagee4
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