TRUE/FALSE g g g
Mankiw
g g g g g
1 :gEconomistsgtrygtogaddressgtheirgsubjectgwithgagscientist’sgobjectivity.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
2 :gEconomistsgdevisegtheories,gcollectgdata,gandgthenganalyzegthesegdatagingangattemptgtogverifygo
rgrefutegtheirgtheories.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
3 :gThegscientificgmethodgisgthegdispassionategdevelopmentgandgtestinggofgtheoriesgaboutghowgt
hegworldgworks.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
4 :gThegscientificgmethodgcangbegappliedgtogthegstudygofgeconomics.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
5 :gWhilegthegscientificgmethodgisgapplicablegtogstudyinggnaturalgsciences,gitgisgnotgapplicablegtogs
tudyinggagnation’sgeconomy.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gB
6 :gForgeconomists,gconductinggexperimentsgisgoftengdifficultgandgsometimesgimpossible.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
7 :gEconomistsgusuallyghavegtogmakegdogwithgwhatevergdatagthegworldghappensgtoggivegthem.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
8 :gItgisgdifficultgforgeconomistsgtogmakegobservationsgandgdevelopgtheories,gbutgitgisgeasygforge
conomistsgtogrungexperimentsgtoggenerategdatagtogtestgtheirgtheories.
Ag:gtrue
Bg:gfalse
mynursytest.store 1g/g78
,DOWN
CLorOre
AcDt ATnsHwEerT: eB s t Bank for Principles of Macroeconomics 9th Edition Mankiw
g g
g g g g g g g g
9 :gSincegeconomistsgcannotgusegnaturalgexperimentsgofferedgbyghistory,gtheygmustgusegcarefullygc
onstructedglaboratorygexperimentsginstead.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gB
10 :gHistoricalgepisodesgaregnotgvaluablegtogeconomists.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gB
11 :gHistoricalgepisodesgallowgeconomistsgtogillustrategandgevaluategcurrentgeconomicgtheories.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
12 :gGoodgassumptionsgsimplifygagproblemgwithoutgsubstantiallygaffectinggtheganswer.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
13 :gAssumptionsgcangsimplifygthegcomplexgworldgandgmakegitgeasiergtogunderstand.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
14 :gEconomistsgoftengfindgitgworthwhilegtogmakegassumptionsgthatgdognotgnecessarilygdescribegt
hegrealgworld.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
15 :gEconomistsgusegonegstandardgsetgofgassumptionsgtoganswergallgeconomicgquestions.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gB
16 :gEconomicgmodelsgaregmostgoftengcomposedgofgdiagramsgandgequations.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
17g:gEconomicgmodelsgomitgmanygdetailsgtogallowgusgtogseegwhatgisgtrulygimportant.
mynursytest.store 2g/g78
,D O W NA L: OtrAueD THE Test Bank for Principles of Macroeconomics 9th Edition
g g g g g g g g g g
B : false
g g
Mankiw
CorrectgAnswerg:gA
18 :gEconomicgmodelsgcanghelpgusgunderstandgrealitygonlygwhengtheygincludegallgdetailsgofgthege
conomy.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gB
19 :gAngeconomicgmodelgcangaccuratelygexplainghowgthegeconomygisgorganizedgbecausegitgisgd
esignedgtoginclude,gtogthegextentgpossible,gallgfeaturesgofgthegrealgworld.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gB
20 :gAllgscientificgmodels,gincludinggeconomicgmodels,gsimplifygrealitygingordergtogimprovegourgu
nderstandinggofgit.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
21 :gThegcircular-
flowgdiagramgexplains,ginggeneralgterms,ghowgthegeconomygisgorganizedgandghowgparticipantsgi
ngthegeconomyginteractgwithgoneganother.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
22 :gAgcircular-flowgdiagramgisgagvisualgmodelgofgthegeconomy.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
23 :gThegcirculargflowgmodelgisgnotgusedganymoregbecausegitgfailsgtogperfectlygreplicategrealgworldgsi
tuations.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gB
24 :gIngthegcircular-flowgdiagram,ghouseholdsgandgfirmsgaregthegdecisiongmakers.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
25g:gIngthegcircular-flowgdiagram,gfirmsgproduceggoodsgandgservicesgusinggthegfactorsgof
mynursytest.store 3g/g78
, D O W Np rLoOd Au cDt i o Tn .H E Test Bank for Principles of Macroeconomics 9th Edition
g g g g g g g g
A : true
g g
Mankiw
Bg:gfalse
CorrectgAnswerg:gA
26 :gIngthegcircular-
flowgdiagram,gfactorsgofgproductiongaregtheggoodsgandgservicesgproducedgbygfirms.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gB
27 :gIngthegcircular-flowgdiagram,gfactorsgofgproductiongincludegland,glabor,gandgcapital.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
28 :gIngthegcircular-
flowgdiagram,gfirmsgowngthegfactorsgofgproductiongandgusegthemgtogproduceggoodsgandgservices
.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gB
29 :gIngthegcircular-flowgdiagram,gfirmsgconsumegallgtheggoodsgandgservicesgthatgtheygproduce.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gB
30 :gIngthegcircular-
flowgdiagram,gthegtwogtypesgofgmarketsgingwhichghouseholdsgandgfirmsginteractgaregthegmar
ketsgforggoodsgandgservicesgandgthegmarketsgforgfactorsgofgproduction.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
31 :gIngthegmarketsgforggoodsgandgservicesgingthegcircular-
flowgdiagram,ghouseholdsgaregbuyersgandgfirmsgaregsellers.
Ag:gtrue
Bg:gfalse
CorrectgAnswerg:gA
32 :gIngthegmarketsgforgthegfactorsgofgproductiongingthegcircular-
flowgdiagram,ghouseholdsgaregbuyersgandgfirmsgaregsellers.
Ag:gtrue
Bg:gfalse
mynursytest.store 4g/g78