Test Bank For Foundations of Microeconomics 13th Edition All Chapters - 9780136713678.pdf

DOWNLOAD THE Test Bank for Foundations of Microeconomics 8th Edition Bade
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FoundationsbofbMicroeconomics,b8eb(Bade)b
Chapterb2b ThebU.S.bandbGlobalbEconomies

2.1b b What,bHow,bandbForbWhom?

1) Itemsbthatbarebpurchasedbbybindividualsbforbtheirbownbenjoymentbarebcalled
A) consumptionbgoodsbandbservices.
B) capitalbgoods.
C) governmentbgoodsbandbservices.
D) exportsbofbgoodsbandbservices.
E) privatebgoods.
Answer:b A
Topic:b Consumptionbgoodsbandbservicesb
Skill:b Levelb1:bDefinition
Section:b Checkpointb2.1b
Status:b Old
AACSB:b Reflectivebthinking

2) Itemsbboughtbbybindividualsbtobprovidebpersonalbenjoymentbarebtermed
A) consumptionbgoods.
B) personalbgoods.
C) consumptionborbinvestmentbgoods.
D) standardbgoods.
E) pleasurebgoods.
bAnswer:b A

Topic:b Consumptionbgoodsbandbservicesb
Skill:b Levelb1:bDefinition
Section:b Checkpointb2.1b
Status:b Old
AACSB:b Reflectivebthinking

3) Whatbwouldbbebanbexamplebofbabconsumptionbgood?
A) Antonio,bthebmanagerbofbtheblocalbTacobHut,bpurchasesbabnewbdeepbfryer.
B) Theblocalbdriver'sblicensebofficebpurchasesbabnewbdigitalbcamerabandbprinter.
C) Rhiannabgetsbabhaircut.
D) JakebbuysbanbiPhone.
E) DonaldbTrumpbpurchasesbfurniturebforbhisboffice.b
Answer:b D
Topic:b Whatbwebproduce
Skill:b Levelb2:bUsingbdefinitionsbSection
:b Checkpointb2.1
Status:b Old
AACSB:b Reflectivebthinking




1
Copyrightb©b2018bPearsonbEducation,bInc.
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,DOWNLOAD THE Test Bank for Foundations of Microeconomics 8th Edition Bade
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4) Whichbofbthebfollowingbisbabconsumptionbgoodborbservice?
A) abpersonalbcomputerbpurchasedbinborderbtobplaybgamesbatbhome
B) abUnitedbAirlinebticketbcounter
C) thebEndeavorbspacebshuttle
D) abUnitedbParcelbServicebtruckbdeliveringbChristmasbgifts
E) absatellitebdishbinstalledbbybCoxbCablebtobdownloadbprogramsbthatbarebthenbdistributedbthroughbit
sbcablebsystem
Answer:b A
Topic:b Consumptionbgoodsbandbservicesb
Skill:b Levelb2:bUsingbdefinitionsbSection
:b Checkpointb2.1
Status:b Old
AACSB:b Reflectivebthinking

5) Whatbwouldbbebanbexamplebofbabconsumptionbservice?
A) Rhiannabgetsbabhaircut.
B) JakebbuysbanbiPhone.
C) Antonio,bthebmanagerbofbtheblocalbTacobHut,bpurchasesbabnewbdeepbfryer.
D) Theblocalbdriver'sblicensebofficebpurchasesbabnewbdigitalbcamerabandbprinter.
E) DonaldbTrumpbpurchasesbfurniturebforbhisboffice.b
Answer:b A
Topic:b Consumptionbgoodsbandbservicesb
Skill:b Levelb2:bUsingbdefinitionsbSection
:b Checkpointb2.1
Status:b Old
AACSB:b Reflectivebthinking

6) TheblargestbsharebofbtotalbproductionbinbthebUnitedbStatesbis
A) consumptionbgoodsbandbservices.
B) capitalbgoods.
C) governmentbgoodsbandbservices.
D) exportedbgoodsbandbservices.
E) importedbgoodsbandbservices.b
Answer:b A
Topic:b Consumptionbgoodsbandbservicesb
Skill:b Levelb1:bDefinition
Section:b Checkpointb2.1b
Status:b Old
AACSB:b Reflectivebthinking




2
Copyrightb©b2018bPearsonbEducation,bInc.
mynursytest.store

,DOWNLOAD THE Test Bank for Foundations of Microeconomics 8th Edition Bade
b b b b b b b b b b




7) Itemsbboughtbbybbusinessesbtobhelpbproducebotherbgoodsbandbservicesbarebcalled
A) consumptionbgoodsbandbservices.
B) capitalbgoods.
C) governmentbgoodsbandbservices.
D) exportsbofbgoodsbandbservices.
E) productivebgoods.
Answer:b B
Topic:b CapitalbgoodsbSkil
l:b Levelb1:bDefinitionbSec
tion:b Checkpointb2.1bStat
us:b Old
AACSB:b Reflectivebthinking

8) WhichbofbthebfollowingbisbNOTbabconsumptionbgood?
A) Nikebswimmingbtrunks
B) marriagebcounselingbservices
C) abUPSbtruck
D) abSubwaybsandwich
E) abU.S.bgovernmentbbondb
Answer:b C
Topic:b Capitalbgoods
Skill:b Levelb2:bUsingbdefinitionsbSection
:b Checkpointb2.1
Status:b Old
AACSB:b Applicationbofbknowledge

9) Anbitembthatbisbpurchasedbtobincreasebbusinesses'bproductivebresourcesbis
A) anbexport.
B) abgovernmentbgood.
C) abcapitalbgood.
D) abconsumptionbgood.
E) abproductivebgood.
Answer:b C
Topic:b CapitalbgoodsbSkil
l:b Levelb1:bDefinitionbSec
tion:b Checkpointb2.1bStat
us:b Old
AACSB:b Reflectivebthinking




3
Copyrightb©b2018bPearsonbEducation,bInc.
mynursytest.store

, DOWNLOAD THE Test Bank for Foundations of Microeconomics 8th Edition Bade
b b b b b b b b b b




10) Whatbwouldbbebanbexamplebofbcapitalbgood?
A) Jeanettebbuysbabnewbdress.
B) Theblocalbdriver'sblicensebofficebpurchasesbabnewbdigitalbcamerabandbprinter.
C) Antonio,bthebmanagerbofbtheblocalbTacobHut,bpurchasesbabnewbdeepbfryer.
D) ApplebsellsbcomputersbtobJapan.
E) Rhiannabgetsbabhaircut.b
Answer:b C
Topic:b Capitalbgoods
Skill:b Levelb2:bUsingbdefinitionsbSection
:b Checkpointb2.1
Status:b Old
AACSB:b Reflectivebthinking

11) Thebdifferencebbetweenbconsumptionbandbcapitalbgoodsbisbthat
A) onlybbigbcorporationsbcanbaffordbcapitalbgoods.
B) capitalbgoodsbarebusedbtobproducebadditionalbgoodsbwhilebconsumptionbgoodsbarebnot.
C) capitalbgoodsbarebprovidedbbybthebgovernment.
D) consumptionbgoodsbcanbbebenjoyedbbybmanybpeoplebatbthebsamebtime.
E) itbisbillegalbtobexportbcapitalbgoods.b
Answer:b B
Topic:b ConsumptionbandbcapitalbgoodsbS
kill:b Levelb1:bDefinition
Section:b Checkpointb2.1b
Status:b Old
AACSB:b Reflectivebthinking

12) WhichbofbthebfollowingbisbNOTbanbexamplebofbabcapitalbgood?
A) abminer'sbcap
B) abGPSbtrackingbdevice
C) anbairportbkiosk
D) abU.S.bgovernmentbbond
E) abstethoscope
bAnswer:b D

Topic:b Capitalbgoods
Skill:b Levelb2:bUsingbdefinitionsbSection
:b Checkpointb2.1
Status:b Old
AACSB:b Applicationbofbknowledge




4
Copyrightb©b2018bPearsonbEducation,bInc.
mynursytest.store