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g
g Class:ggg
g
g Date:ggg
g
g
Chapterg1g
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1.gRecallgChapterg1'sgopeninggstorygaboutgthegBritishgseagcaptainsgandgthegconvictedgfelons.gI
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ANSWER:gggdg
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2.gRecallgChapterg1'sgopeninggstorygaboutgthegBritishgseagcaptainsgandgthegconvictedgfelons.gI
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3.gInghisgbookgThegWealthgofgNations,gAdamgSmithgclaimedgthatgindividuals:g
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5.gSeveralgstatesgoffergrebatesgongthegpurchasegofgelectricgvehicles.gThisgpracticeghighlightsgth
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gg
b.ggtrade-offs.g
gg
c.ggincentives.g
gg
d.ggthinkinggongthegmargin.g
g
ANSWER:gggcg
g
g
DOWNLOADgTHEgTestgBankgforgModerngPrinciplesgofgEconomicsg5thgEdition
ggggggggggggggggggggggggggggggggCowen
mynursytest.store
Name:ggg
g
g Class:ggg
g
g Date:ggg
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6.gEverygday,gpeoplegworkgatgservinggpeoplegmealsgatgrestaurantsgallgaroundgthegworld.gThes
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ANSWER:gggcg
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7.gEconomistsgthinkgthatgpeoplegaregself-interested:g
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8.gThegbasicgpostulategofgeconomicsgindicatesgthatgchangesgingincentivesginfluencegthe:g
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c.ggchoicesgofgindividualsgonlygwhengtheygbuygandgsellggoodsgingthegmarketplace.g
gg
d.ggchoicesgofgindividualsgwithgregardgtogagwidegrangegofgactivities,gincludinggthoseggenerallyg
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g
ANSWER:gggdg
g
g
9.gAccordinggtogeconomists,gpeoplegrespondgto:g
gg
a.ggothergpeople.g
gg
b.ggsocialginterest.g
gg
c.ggmoney.g
gg
d.ggincentives.g
g
ANSWER:gggdg
g
g
10.gAdamgSmithgwrote,g“Itgisgnotgfromgthegbenevolencegofgthegbutcher,gthegbrewer,gorgthegbak
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g
ANSWER:gggdg
g
g
11.gWhichgfinancinggmethodgforgtransportinggprisonersgfromgpointgAgtogBgwillgresultgingthegg
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, DOWNLOADgTHEgTestgBankgforgModerngPrinciplesgofgEconomicsg5thgEdition
ggggggggggggggggggggggggggggggggCowen
mynursytest.store
Name:ggg
g
g Class:ggg
g
g Date:ggg
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Chapterg1g
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CopyrightgMacmillangLearning.gPoweredgbygCognero.g
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prisonersgsurvivinggthegtrip?gAssumegtheregareg50gprisonersgbeinggtransported.g
gg
a.ggThegship'sgcaptaingisgpaidg$100gbygtheggovernmentgforgeveryglivegprisonergthatgisgloadedgo
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b.ggThegship'sgcaptaingisgpaidg$100gbygtheggovernmentgforgeveryglivegprisonergthatgisgunloade
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c.ggThegship'sgcaptaingisgpaidg$400gbygtheggovernmentgforgeveryglivegprisonergthatgisgloadedgo
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ANSWER:gggbg
g
g
12.gThegmaingincentivegforgbusinessgactivitygis:g
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gg
b.ggtechnologicalgadvancement.g
gg
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gg
d.ggemployment.g
g
ANSWER:gggcg
g
g
13.gSupposegagcertaingbusinessgwantsgtogencouragegitsgemployeesgtogliveghealthierglives.gTheg
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g
g Class:ggg
g
g Date:ggg
g
g
Chapterg1g
g
CopyrightgMacmillangLearning.gPoweredgbygCognero.g
Pageg1g
g
1.gRecallgChapterg1'sgopeninggstorygaboutgthegBritishgseagcaptainsgandgthegconvictedgfelons.gI
ngwhatgwaygwereg
incentivesgusedgtogsolvegthegproblemgofgtheghighgmortalitygrategongboardgthegships?g
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a.ggPaymentg(togshipgcaptains)gwasgtogbegofferedgforgeachgprisonergthatgwasgtakengaboardgthe
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gg
b.ggPaymentg(togshipgcaptains)gwasgmadegindependentgofgthegregulationsgpassedgforgprisoner
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g
g
2.gRecallgChapterg1'sgopeninggstorygaboutgthegBritishgseagcaptainsgandgthegconvictedgfelons.gI
nsteadgofgpayinggtheg
seagcaptainsgforgeachgprisonergplacedgongboardgthegshipsgingGreatgBritain,gangeconomistgsugg
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gg
c.ggdoinggnothing,gsincegthegsuggestedgchangegwouldgnotgmatter.g
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g
3.gInghisgbookgThegWealthgofgNations,gAdamgSmithgclaimedgthatgindividuals:g
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gg
b.ggalwaysgconsidergthegeffectgofgtheirgactionsgongothers.g
gg
c.ggaregmotivatedgbygself-interest.g
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g
g
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b.ggsavedgtheglivesgofghundredsgofgconvicts.g
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gg
b.ggtrade-offs.g
gg
c.ggincentives.g
gg
d.ggthinkinggongthegmargin.g
g
ANSWER:gggcg
g
g
DOWNLOADgTHEgTestgBankgforgModerngPrinciplesgofgEconomicsg5thgEdition
ggggggggggggggggggggggggggggggggCowen
mynursytest.store
Name:ggg
g
g Class:ggg
g
g Date:ggg
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g
ANSWER:gggcg
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g
7.gEconomistsgthinkgthatgpeoplegaregself-interested:g
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g
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gg
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10.gAdamgSmithgwrote,g“Itgisgnotgfromgthegbenevolencegofgthegbutcher,gthegbrewer,gorgthegbak
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g
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, DOWNLOADgTHEgTestgBankgforgModerngPrinciplesgofgEconomicsg5thgEdition
ggggggggggggggggggggggggggggggggCowen
mynursytest.store
Name:ggg
g
g Class:ggg
g
g Date:ggg
g
g
Chapterg1g
g
CopyrightgMacmillangLearning.gPoweredgbygCognero.g
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gg
a.ggThegship'sgcaptaingisgpaidg$100gbygtheggovernmentgforgeveryglivegprisonergthatgisgloadedgo
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c.ggThegship'sgcaptaingisgpaidg$400gbygtheggovernmentgforgeveryglivegprisonergthatgisgloadedgo
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gg
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ANSWER:gggbg
g
g
12.gThegmaingincentivegforgbusinessgactivitygis:g
gg
a.gggovernmentgsubsidies.g
gg
b.ggtechnologicalgadvancement.g
gg
c.ggprofit.g
gg
d.ggemployment.g
g
ANSWER:gggcg
g
g
13.gSupposegagcertaingbusinessgwantsgtogencouragegitsgemployeesgtogliveghealthierglives.gTheg
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