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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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
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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