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Test Bank for ECON MACRO, 7th Edition by William A. McEachern Complete Chapters.pdf

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Test Bank for ECON MACRO, 7th Edition by William A. McEachern Complete C

Institution
ECON MACRO
Course
ECON MACRO

Content preview

,TDROU
WNLOAD THE Test Bank for ECON MACRO 6th Edition McEachern
E/FALSE d
d
d d d d d d d




1 :dOpportunitydcostdisdtheddifferencedbetweendthedbenefitsdanddthedcostsdofdadchoice.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dB

2 :dOpportunitydcostdisdmeasureddinddollardterms,dratherdthandindtermsdofdrealdgoodsdanddservices.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dB

3 :dThedopportunitydcostdofdgoingdtodcollegedconsistsdofdmoredthandjustdthedtuition.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dA

4 :dAdrationalddecisiondmakerdengagesdindandactivitydifdthatdactivitydisdmoredattractivedthandthedbestda
lternative.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dA

5 :dThedopportunitydcostdofdgoingdtodcollegedisdthedsamedfordalldstudentsdwhodreceivedfull-
tuitiondscholarships.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dB

6 :dOpportunitydcostdisdobjective;dtherefore,ditsdvalueddoesdnotdchangedasdcircumstancesdchange.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dB

7 :dThedSultandofdBrunei,donedofdthedworldsdrichestdpeople,ddoesdnotdfacedthedproblemdofdscarcity.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dB

8 :dAduniversitydshoulddnotddisbandditsdfootballdteamdsinceditdhasdalreadydpaiddfordthedstadium.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dB


mynursytest.store 1d/d50

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whT
odHEndpTreodsutceBmaonrekdoffaogrooEdCthOaNndaMnAoC
ca thR
eOrdpe6rstohndisEd
saiidti
toopnosM
secsE
s aacherndc
omparativedadvantage.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dB

10 :dAbsolutedadvantagedisdbaseddondopportunitydcost.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dB

11 :dItdisdpossibledfordonedpersondtodhavedadcomparativedadvantagedindthedproductiondofdalldp
roducts.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dB

12 :dComparativedadvantagedisdbaseddondopportunitydcosts.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dA

13 :dItdisdpossibledfordonedpersondtodhavedandabsolutedadvantagedindtwodtasksdanddadcomparativeda
dvantagedindonlydone.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dA

14 :dItdisdpossibledfordonedpersondtodhavedandabsolutedadvantagedindsomethingdevendifdshedhasdnodc
omparativedadvantagedindanything.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dB

15 :dIfdpeopledspecializedindproducingdthosedgoodsdfordwhichdtheydpossessdadcomparativeda
dvantage,dthendandeconomydasdadwholedcandproducedadgreaterdquantitydofdgoods.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dA

16 :dSpecializationdoftendleadsdtodgainsdindproductivitydfordsocietydasdadwhole.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dA

mynursytest.store 2d/d50

, 17DO WaNcLhOpAoD
:dE intdT
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esh.ern
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dA

18 :dThedproductiondpossibilitiesdfrontierdrepresentsdallddesirabledcombinationsdofdoutputs.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dB

19 :dEachdpointdalongdadnationsdproductiondpossibilitiesdfrontierdrepresentsdefficientdusedofdalldr
esources.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dA

20 :dThedproductiondpossibilitiesdfrontierdrepresentsdthedboundarydbetweendattainabledandd
unattainabledpricesdofdcommodities.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dA

21 :dAdpointdinsidedthedproductiondpossibilitiesdfrontierdillustratesdadsituationdindwhichdresourcesda
rednotdfullydemployed.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dA

22 :dThedbowed-
outdshapedofdthedproductiondpossibilitiesdfrontierdindicatesdincreasingdopportunitydcosts.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dA

23 :dThedtypicaldconcaved(i.e.,dbowed-
out)dshapedofdthedproductiondpossibilitiesdfrontierdreflectsdthedlawdofdincreasingdopportunitydcost.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dA

24 :dAdproductiondpossibilitiesdfrontierdwilldshiftdoutwarddifdtheredisdandimprovementdindtechnology.
Ad:dtrue
Bd:dfalse

CorrectdAnswerd:dA

mynursytest.store 3d/d50
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Anderson Essentials of Statistics for Business & Economics,7th Ed
  • 2014
  • 9781473715257
  • Unknown

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  • test bank for econ macro 7th edition by william a
  • test bank for econ macro 7th edition
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