Services marketing 8th edition zeithaml test bank

DOWNLOAD THE Test Bank for Principles of Macroeconomics 13th EditionCase
c c c c c c c c c c




PrinciplescofcMacroeconomics,c13ec(Case/Fair/Oster)cCha
pterc2c ThecEconomiccProblem:cScarcitycandcChoice

2.1 Scarcity,cChoice,candcOpportunitycCost

1) Thecprocesscbycwhichcresourcescarectransformedcintocusefulcformscis
A) capitalization.
B) consumption.
C) production.
D) allocation.c
Answer:cCcDi
ff:c1
Topic:c Scarcity,cChoice,candcOpportunitycCostc
Skill:c Definition
LearningcOutcome:c Micro-1

2) Outputscincthecproductioncprocesscare
A) pollution.
B) money.
C) goodscandcservicescofcvaluectochouseholds.
D) resources.c
Answer:cCcD
iff:c1
Topic:c Scarcity,cChoice,candcOpportunitycCostc
Skill:c Definition
LearningcOutcome:c Micro-1

3) Whichcofcthecfollowingciscnotcacresourcecascthectermciscusedcbyceconomists?
A) land
B) labor
C) buildings
D) moneyc
Answer:c Dc
Diff:c1
Topic:c Scarcity,cChoice,candcOpportunitycCostc
Skill:c Conceptual
AACSB:c ReflectivecThinkingc
LearningcOutcome:c Micro-1




1
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,DOWNLOAD THE Test Bank for Principles of Macroeconomics 13th EditionCase
c c c c c c c c c c




4) Whichcofcthecfollowingcwouldcanceconomistcclassifycasccapital?
A) ac$50cbill
B) accorporatecbond
C) acpostcofficecemployee
D) acguitarcusedcbycacmusicianc
Answer:c D
Diff:c2
Topic:c Scarcity,cChoice,candcOpportunitycCostc
Skill:c Conceptual
AACSB:c ReflectivecThinkingc
LearningcOutcome:c Micro-1

5) Capital,casceconomistscusecthecterm,
A) iscthecmoneycthecfirmcspendsctochirecresources.
B) iscmoneycthecfirmcraisescfromcsellingcstock.
C) refersctocthecprocesscbycwhichcresourcescarectransformedcintocusefulcforms.
D) refersctocthingscthatchavecalreadycbeencproducedcthatcarecincturncusedctocproducecothercgoodscan
dcservices.
Answer:c Dc
Diff:c3
Topic:c Scarcity,cChoice,candcOpportunitycCostc
Skill:c Definition
LearningcOutcome:c Micro-1

6) Thecconceptcofcopportunityccostciscbasedconcthecprinciplecof
A) need.
B) consumption.
C) scarcity.
D) profit.c
Answer:c Cc
Diff:c1
Topic:c Scarcity,cChoice,candcOpportunitycCostc
Skill:c Conceptual
AACSB:c ReflectivecThinkingc
LearningcOutcome:c Micro-20

7) Thecconceptcofctrade-offscwouldcbecomecirrelevantcif
A) wecwerecdealingcwithcacverycsimple,cone-personceconomy.
B) povertycwereceliminated.
C) scarcitycwereceliminated.
D) capitalcwereceliminated.c
Answer:c C
Diff:c2
Topic:c Scarcity,cChoice,candcOpportunitycCostc
Skill:c Conceptual
AACSB:c ReflectivecThinkingc
LearningcOutcome:c Micro-4
2
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,DOWNLOAD THE Test Bank for Principles of Macroeconomics 13th EditionCase
c c c c c c c c c c




8) SupposecyoucarecdecidingcwhetherctocspendcyourctaxcrebateccheckconcacnewciPodcorcacnewcdi
gitalccamera.cYoucarecdealingcwithcthecconceptcof
A) equity.
B) comparativecadvantage.
C) opportunityccosts.
D) thecfallacycofccomposition.c
Answer:c C
Diff:c2
Topic:c Scarcity,cChoice,candcOpportunitycCostc
Skill:c Conceptual
AACSB:c ReflectivecThinkingc
LearningcOutcome:c Micro-20

9) Accordingctocthectheorycofccomparativecadvantage,cspecializationcandcfreectradecwillcbenefit
A) onlycthatctradingcpartycthatchascbothcancabsolutecadvantagecandcaccomparativecadvantagecincth
ecproductioncofcallcgoods.
B) allctradingcparties,cevencwhencsomecarecabsolutelycmorecefficientcproducerscthancothers.
C) onlycthatctradingcpartycthatchascancabsolutecadvantagecincthecproductioncofcallcgoods.
D) onlycthatctradingcpartycthatchascaccomparativecadvantagecincthecproductioncofcallcgoods.cA
nswer:cB
Diff:c2
Topic:c Scarcity,cChoice,candcOpportunitycCostc
Skill:c Conceptual
AACSB:c ReflectivecThinkingc
LearningcOutcome:c Micro-3

ReferctocthecinformationcprovidedcincTablec2.1cbelowctocanswercthecfollowingcquestion(s).

Tablec2.1
Krystal Mark
WritingcPoems 8 12
WritingcTVcCommercials 2 4

10) ReferctocTablec2.1.cForcKrystal,cthecopportunityccostcofcwritingconecTVccommercialcis
A) 1/4cofcacpoem.
B) 2cpoems.
C) 4cpoems.
D) 6cpoems.c
Answer:cCc
Diff:c2
Topic:c Scarcity,cChoice,candcOpportunitycCostc
Skill:c Analytical
AACSB:cAnalyticalcThinkingc
LearningcOutcome:c Micro-20


3
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, DOWNLOAD THE Test Bank for Principles of Macroeconomics 13th EditionCase
c c c c c c c c c c




11) ReferctocTablec2.1.cForcMark,cthecopportunityccostcofcwritingconecTVccommercialcis
A) 1/3cofcacpoem.
B) 2cpoems.
C) 3cpoems.
D) 8cpoems.c
Answer:cCc
Diff:c2
Topic:c Scarcity,cChoice,candcOpportunitycCostc
Skill:c Analytical
AACSB:cAnalyticalcThinkingc
LearningcOutcome:c Micro-20

12) ReferctocTablec2.1.cWhichcofcthecfollowingcstatementscisctrue?
A) KrystalchascaccomparativecadvantagecincbothcwritingcTVccommercialscandcwritingcpoems.
B) MarkchascaccomparativecadvantagecincbothcwritingcTVccommercialscandcwritingcpoems.
C) KrystalchascaccomparativecadvantagecincwritingcTVccommercials,candcMarkchascaccomparativeca
dvantagecincwritingcpoems.
D) MarkchascaccomparativecadvantagecincwritingcTVccommercials,candcKrystalchascaccomparativeca
dvantagecincwritingcpoems.
Answer:c Dc
Diff:c2
Topic:c Scarcity,cChoice,candcOpportunitycCostc
Skill:c Analytical
AACSB:cAnalyticalcThinkingc
LearningcOutcome:c Micro-20

13) ReferctocTablec2.1.cTocmaximizectotalcproduction,
A) KrystalcshouldcspecializecincwritingcTVccommercials,candcMarkcshouldcspecializecincwritingcp
oems.
B) MarkcshouldcspecializecincwritingcTVccommercials,candcKrystalcshouldcspecializecincwritingcp
oems.
C) KrystalcandcMarkcshouldcbothcsplitctheirctimecbetweencwritingcpoemscandcwritingcTVcc
ommercials.
D) KrystalcshouldcwritecpoemscandcwritecTVccommercials,cbutcMarkcshouldconlycwritecpoems.cA
nswer:cB
Diff:c2
Topic:c Scarcity,cChoice,candcOpportunitycCostc
Skill:c Analytical
AACSB:cAnalyticalcThinkingc
LearningcOutcome:c Micro-20




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