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Microeconomics 12th Edition by Slavin CH01
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ANSWERS ARE LOCATED IN THE SECOND PART OF THIS DOCUMENT
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MULTIPLEfCHOICEf-
fChoosefthefonefalternativefthatfbestfcompletesfthefstatementforfanswersfthefquestion.
1) ThefSocialfSecurityfprogramfbeganfduringfthefadministrationfof
1)ff
A) FranklinfD.fRoosevelt.
B) HarryfS.fTruman.
C) DwightfD.fEisenhower.
D) JohnfF.fKennedy.
QuestionfDetails
AACSBf:fReflectivefThinkingfAcces
sibilityf:fKeyboardfNavigationfBloom
'sf:fRemember
Difficultyf:f1fEasy
LearningfObjectivef:f01-
02fDescribefthefeffectfoffthefGreatfDepressionfonfourfeconomyfandfevaluatefthfGradablef:fautomatic
2) Duringfthef19thfcentury,fthefgreatfabundancefofflandfcomparedftofthefavailabilityfofflabor
2)ff
A) attractedfmillionsfoffimmigrants.
B) encouragedfearlyfmarriagefandflargeffamilies.
C) encouragedfrapidftechnologicalfdevelopment.
D) Allfoffthesefareftrue.
QuestionfDetails
AACSBf:fReflectivefThinkingfAcces
sibilityf:fKeyboardfNavigationfBloom
'sf:fRemember
Difficultyf:f1fEasy
LearningfObjectivef:f01-
01fSummarizefAmerica'sfeconomicfdevelopmentfinfthef19thfcentury.fGradablef:fautomatic
3) Whichfofftheffollowingfisftrue?
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Microeconomics 12th Edition by Slavin CH01
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3)ff
A) ThefJapanesefrebuiltftheirfeconomyfafterfWorldfWarfIIfbyfsellingfitsfgoodsftoftheirfow
nfrapidlyfgrowingfpopulation.
B) SlowfU.S.fpopulationfgrowthfinfthef19thfcenturyfforcedfAmericanffarmersfandfma
nufacturersftofseekfforeignfmarketsftofpropelfitsfrapidfeconomicfgrowth.
C) ThefJapanesefrebuiltftheirfeconomyfafterfWorldfWarfIIfbyftargetingftheflargefU.S.fma
rket,fwhileftheirfownfmarketfremainedflargelyfclosedftofU.S.fmanufacturedfgoods.
D) America'sfrapidfpopulationfgrowthfinfthef19thfcenturyfslowedfitsfeconomicfgrowth
rate.
QuestionfDetails
AACSBf:fReflectivefThinkingfAcces
sibilityf:fKeyboardfNavigationfBloom
'sf:fRemember
Difficultyf:f1fEasy
LearningfObjectivef:f01-
03fDiscussfthefimpactfoffWorldfWarfIIfonfourfeconomy.fGradablef:fautomatic
4) ThefcompletionfoffthefAmericanfnationalfrailroadfnetworkfinfthefsecondfhalffoffthef19thfcen
turyfledftofallfofftheffollowingfEXCEPT
4)ff
A) enablingfmanufacturersftofsellftheirfproductsfallfoverfthefcountry.
B) massfconsumption.
C) increasedfpricesfoffgoodsfsold,fwhichfledftofmorefinvestmentsfandfmorefjobs.
D) higherfwages.
QuestionfDetails
AACSBf:fReflectivefThinkingfAcces
sibilityf:fKeyboardfNavigationfBloom
'sf:fRemember
Difficultyf:f1fEasy
LearningfObjectivef:f01-
01fSummarizefAmerica'sfeconomicfdevelopmentfinfthef19thfcentury.fGradablef:fautomatic
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Microeconomics 12th Edition by Slavin CH01
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5) Thefperiodicfpost–WorldfWarfIIfeconomicfdownturnsfhavefbeenftermed
5)ff
A) recessions.
B) depressions.
C) prosperities.
D) expansions.
QuestionfDetails
AACSBf:fReflectivefThinkingfAcces
sibilityf:fKeyboardfNavigationfBloom
'sf:fRemember
Difficultyf:f1fEasy
LearningfObjectivef:f01-
03fDiscussfthefimpactfoffWorldfWarfIIfonfourfeconomy.fGradablef:fautomatic
6) Thefboomfinf20th-centuryfoutputffollowingfWorldfWarfIfisfknownfas
6)ff
A) thefagefoffagriculture.
B) thefCivilfWarfeffect.
C) thefRoaringfTwenties.
D) thefGreatfDepression.
QuestionfDetails
AACSBf:fReflectivefThinkingfAcces
sibilityf:fKeyboardfNavigationfBloom
'sf:fRemember
Difficultyf:f1fEasy
LearningfObjectivef:f01-
03fDiscussfthefimpactfoffWorldfWarfIIfonfourfeconomy.fGradablef:fautomatic
7) Betweenf1939fandf1944fthefU.S.fnationalfoutput
7)ff
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Microeconomics 12th Edition by Slavin CH01
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A) remainedfthefsame.
B) nearlyfdoubled.
C) nearlyftripled.
D) nearlyfquadrupled.
QuestionfDetails
AACSBf:fReflectivefThinkingfAcces
sibilityf:fKeyboardfNavigationfBloom
'sf:fRemember
Difficultyf:f1fEasy
LearningfObjectivef:f01-
02fDescribefthefeffectfoffthefGreatfDepressionfonfourfeconomyfandfevaluatefthfGradablef:fautomatic
8) ThefworstfrecessionfsincefWorldfWarfIIfstartedfinfwhichfyear?
8)ff
A)f 1957
B)f 1973
C)f 1981
D)f 2007
QuestionfDetails
AACSBf:fReflectivefThinkingfAcces
sibilityf:fKeyboardfNavigationfBloom
'sf:fRemember
Difficultyf:f1fEasy
LearningfObjectivef:f01-
04fListfandfdiscussfthefmajorfrecessionsfwefhavefhadfsincefWorldfWarfII.fGradablef:fautomatic
9) ThefofficialfunemploymentfratefduringfthefGreatfDepressionfpeakedfat
9)ff
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