20/09/2020 TestjBankjPrinciplesjofjMacroeconomics,j8thjCanadianjEditionjMankiw
Test Bank Principles of Macroeconomics, 8th Canadian EditionMankiw
j j j j j j j j
Quantity:
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 1/55
,20/09/2020 TestjBankjPrinciplesjofjMacroeconomics,j8thjCanadianjEditionjMankiw
1
1. WhichjwordjcomesjfromjthejGreekjwordjforj“onejwhojmanagesjajhousehold”?
2. market b.jbank
c.jgovernment d.jeconomy
ANSWER:jd
1. Fromjwhichjofjthejfollowingjisjthejwordj“economy”jderived?
2. onejwhojconsumesjgoods b.jonejwhojmanagesjajhousehold
c.jonejwhojparticipatesjinjajmarketjj d.jonejwhojgovernsjajcountry
ANSWER:jb
1. Whatjdojhouseholdsjandjeconomiesjhavejinjcommon?
2. Theyjbothjmustjallocatejscarcejresources.
3. Theyjbothjfacejdifficultiesjsavingjmoney.
4. Theyjbothjmustjselljthejgoodsjandjservicesjtheyjproduce.
5. Theyjbothjmustjhavejajcentraljdecisionjmaker.
ANSWER:ja
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 2/55
, 2.jscarcity b.jpoverty
20/09/2020 TestjBankjPrinciplesjofjMacroeconomics,j8thjCanadianjEditionjMankiw
c.jchange d.jpower
ANSWER:ja
1. Whatj isj NOTjincludedj injthej decisionsjthatj everyj societyj mustj make?
2. whatjgoodsjwilljbejproduced b.jwhojwilljproducejthejgoods
c.jwhatjdeterminesjconsumerjpreferencesjj d.jwhojwilljconsumejthejgoods
ANSWER:jc
1. Whyjdojbothjhouseholdsjandjsocietiesjfacejmanyjdecisions?
2. Resourcesjarejscarce.
3. Populationsjmayjfluctuatejoverjtime.
4. Wagesjforjhouseholdsjandjthereforejsocietyjfluctuatejwithjbusinessjcycles.
5. People,jbyjnature,jtendjtojdisagree.
ANSWER:ja
1. Whenjisjajgoodjconsideredjscarcejinjajsociety?
2. whenjmorejoutputjofjthejgoodjisjpossible
3. whenjeveryonejinjthatjsocietyjcannotjhavejalljtheyjwantjofjthejgood
4. whenjthejgovernmentjrestrictsjproductionjofjthejgood
5. whenjonlyjthejrichestjpeoplejinjthejeconomyjcanjbuyjalljtheyjwantjofjthejgood
ANSWER:jb
1. Whenjdoesjscarcityjexist?
2. whenjtherejisjlessjthanjanjinfinitejamountjofjajresourcejorjgood
3. whenjsocietyjcanjmeetjthejwantsjofjeveryjindividual
4. whenjtherejisjlessjofjajgoodjorjresourcejavailablejthanjpeoplejwishjtojhave
5. whenjthejgovernmentjfailsjtojproducejgoods
ANSWER:jc
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 3/55
, 1.jHowjarejgoodsjandjservicesjallocatedjinjajmarketjeconomy?
2.jbyjgovernmentjdecisions
20/09/2020 TestjBankjPrinciplesjofjMacroeconomics,j8thjCanadianjEditionjMankiw
3.jbyjgivingjeachjindividualjjustjenoughjforjajdecentjstandardjofjliving
4. byjthejactionsjofjalljfirmsjandjconsumers
5. byjinheritedjrightsjandjproperties
ANSWER:jc
10. Approximatelyjwhatjpercentagejofjthejworld’sjeconomiesjexperiencejscarcity?ja.j30jjj b.j45jc.j6
0 d.j100
ANSWER:jd
11. Whatjisjanjeconomyjexperiencing jwhenjajsocietyjcannotjproducejalljthejgoodsjandjservicesjpeoplejwishjtojhave?
1.jscarcity b.jeconomicjgrowth
c.jcompetition d.jmarketjfailure
ANSWER:ja
12.Forjsociety,jwhenjisjajgoodjNOTjscarce?
1. ifjatjleastjonejindividualjinjsocietyjcanjobtainjalljhejorjshejwantsjofjthejgood
2. ifjfirmsjarejproducingjatjfulljcapacity
3. ifjalljmembersjofjsocietyjcanjhavejalljtheyjwantjofjthejgood
4. ifjthosejwhojhavejenoughjincomejcanjbuyjalljtheyjwantjofjthejgood
ANSWER:jc
13.Whichjgoodjbestjmeetsjthejdefinitionjofjscarcity?
1. air b.jwaterjinjthejocean
c.jelectricityjinjajcityjjj d.jwoodjinjajforest
ANSWER:jc
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 4/55
Test Bank Principles of Macroeconomics, 8th Canadian EditionMankiw
j j j j j j j j
Quantity:
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 1/55
,20/09/2020 TestjBankjPrinciplesjofjMacroeconomics,j8thjCanadianjEditionjMankiw
1
1. WhichjwordjcomesjfromjthejGreekjwordjforj“onejwhojmanagesjajhousehold”?
2. market b.jbank
c.jgovernment d.jeconomy
ANSWER:jd
1. Fromjwhichjofjthejfollowingjisjthejwordj“economy”jderived?
2. onejwhojconsumesjgoods b.jonejwhojmanagesjajhousehold
c.jonejwhojparticipatesjinjajmarketjj d.jonejwhojgovernsjajcountry
ANSWER:jb
1. Whatjdojhouseholdsjandjeconomiesjhavejinjcommon?
2. Theyjbothjmustjallocatejscarcejresources.
3. Theyjbothjfacejdifficultiesjsavingjmoney.
4. Theyjbothjmustjselljthejgoodsjandjservicesjtheyjproduce.
5. Theyjbothjmustjhavejajcentraljdecisionjmaker.
ANSWER:ja
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 2/55
, 2.jscarcity b.jpoverty
20/09/2020 TestjBankjPrinciplesjofjMacroeconomics,j8thjCanadianjEditionjMankiw
c.jchange d.jpower
ANSWER:ja
1. Whatj isj NOTjincludedj injthej decisionsjthatj everyj societyj mustj make?
2. whatjgoodsjwilljbejproduced b.jwhojwilljproducejthejgoods
c.jwhatjdeterminesjconsumerjpreferencesjj d.jwhojwilljconsumejthejgoods
ANSWER:jc
1. Whyjdojbothjhouseholdsjandjsocietiesjfacejmanyjdecisions?
2. Resourcesjarejscarce.
3. Populationsjmayjfluctuatejoverjtime.
4. Wagesjforjhouseholdsjandjthereforejsocietyjfluctuatejwithjbusinessjcycles.
5. People,jbyjnature,jtendjtojdisagree.
ANSWER:ja
1. Whenjisjajgoodjconsideredjscarcejinjajsociety?
2. whenjmorejoutputjofjthejgoodjisjpossible
3. whenjeveryonejinjthatjsocietyjcannotjhavejalljtheyjwantjofjthejgood
4. whenjthejgovernmentjrestrictsjproductionjofjthejgood
5. whenjonlyjthejrichestjpeoplejinjthejeconomyjcanjbuyjalljtheyjwantjofjthejgood
ANSWER:jb
1. Whenjdoesjscarcityjexist?
2. whenjtherejisjlessjthanjanjinfinitejamountjofjajresourcejorjgood
3. whenjsocietyjcanjmeetjthejwantsjofjeveryjindividual
4. whenjtherejisjlessjofjajgoodjorjresourcejavailablejthanjpeoplejwishjtojhave
5. whenjthejgovernmentjfailsjtojproducejgoods
ANSWER:jc
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 3/55
, 1.jHowjarejgoodsjandjservicesjallocatedjinjajmarketjeconomy?
2.jbyjgovernmentjdecisions
20/09/2020 TestjBankjPrinciplesjofjMacroeconomics,j8thjCanadianjEditionjMankiw
3.jbyjgivingjeachjindividualjjustjenoughjforjajdecentjstandardjofjliving
4. byjthejactionsjofjalljfirmsjandjconsumers
5. byjinheritedjrightsjandjproperties
ANSWER:jc
10. Approximatelyjwhatjpercentagejofjthejworld’sjeconomiesjexperiencejscarcity?ja.j30jjj b.j45jc.j6
0 d.j100
ANSWER:jd
11. Whatjisjanjeconomyjexperiencing jwhenjajsocietyjcannotjproducejalljthejgoodsjandjservicesjpeoplejwishjtojhave?
1.jscarcity b.jeconomicjgrowth
c.jcompetition d.jmarketjfailure
ANSWER:ja
12.Forjsociety,jwhenjisjajgoodjNOTjscarce?
1. ifjatjleastjonejindividualjinjsocietyjcanjobtainjalljhejorjshejwantsjofjthejgood
2. ifjfirmsjarejproducingjatjfulljcapacity
3. ifjalljmembersjofjsocietyjcanjhavejalljtheyjwantjofjthejgood
4. ifjthosejwhojhavejenoughjincomejcanjbuyjalljtheyjwantjofjthejgood
ANSWER:jc
13.Whichjgoodjbestjmeetsjthejdefinitionjofjscarcity?
1. air b.jwaterjinjthejocean
c.jelectricityjinjajcityjjj d.jwoodjinjajforest
ANSWER:jc
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 4/55
