CopyrightG©G2018GPearsonGEducation,GInc.G
EssentialGFoundationsGofGEconomics,G8eG(Bade)G
ChapterG2GGGTheGU.S.GandGGlobalGEconomiesG
2.1GGGWhat,GHow,GandGForGWhom?G
1)GItemsGthatGareGpurchasedGbyGindividualsGforGtheirGownGenjoymentGareGcalledG
A)GconsumptionGgoodsGandGservices.G
B)GcapitalGgoods.G
C)GgovernmentGgoodsGandGservices.G
D)GexportsGofGgoodsGandGservices.G
E)GprivateGgoods.G
Answer:GGAG
Topic:GGConsumptionGgoodsGandGservicesG
Skill:GGLevelG1:GDefinitionG
Section:GGCheckpointG2.1G
Status:GGOldG
AACSB:GGReflectiveGthinkingG
2)GItemsGboughtGbyGindividualsGtoGprovideGpersonalGenjoymentGareGtermedG
A)GconsumptionGgoods.G
B)GpersonalGgoods.G
C)GconsumptionGorGinvestmentGgoods.G
D)GstandardGgoods.G
E)GpleasureGgoods.G
Answer:GGAG
Topic:GGConsumptionGgoodsGandGservicesG
Skill:GGLevelG1:GDefinitionG
Section:GGCheckpointG2.1G
Status:GGOldG
AACSB:GGReflectiveGthinkingG
3)GWhatGwouldGbeGanGexampleGofGconsumptionGgood?G
A)GAntonio,GtheGmanagerGofGtheGlocalGTacoGHut,GpurchasesGaGnewGdeepGfryer.G
B)GTheGlocalGdriver'sGlicenseGofficeGpurchasesGaGnewGdigitalGcameraGandGprinter.G
C)GRhiannaGgetsGaGhaircut.G
D)GJakeGbuysGanGiPhone.G
E)GDonaldGTrumpGpurchasesGfurnitureGforGhisGoffice.G
Answer:GGDG
Topic:GGWhatGweGproduceG
Skill:GGLevelG2:GUsingGdefinitionsG
Section:GGCheckpointG2.1G
Status:GGOldG
AACSB:GGReflectiveGthinkingG
DOWNLOADGTHEGTestGBankGforGEssentialGFoundationsGofGEconomicsG8th
GGGGGGGGGGGGGGGGGGGGGGGGGGEditionGBade
,mynursytest.store
2G
CopyrightG©G2018GPearsonGEducation,GInc.G
4)GWhichGofGtheGfollowingGisGaGconsumptionGgoodGorGservice?G
A)GaGpersonalGcomputerGpurchasedGinGorderGtoGplayGgamesGatGhomeG
B)GaGUnitedGAirlineGticketGcounterG
C)GtheGEndeavorGspaceGshuttleG
D)GaGUnitedGParcelGServiceGtruckGdeliveringGChristmasGgiftsG
E)GaGsatelliteGdishGinstalledGbyGCoxGCableGtoGdownloadGprogramsGthatGareGthenGdistributedGt
hroughGitsGcableG
systemG
Answer:GGAG
Topic:GGConsumptionGgoodsGandGservicesG
Skill:GGLevelG2:GUsingGdefinitionsG
Section:GGCheckpointG2.1G
Status:GGOldG
AACSB:GGReflectiveGthinkingG
5)GWhatGwouldGbeGanGexampleGofGconsumptionGservice?G
A)GRhiannaGgetsGaGhaircut.G
B)GJakeGbuysGanGiPhone.G
C)GAntonio,GtheGmanagerGofGtheGlocalGTacoGHut,GpurchasesGaGnewGdeepGfryer.G
D)GTheGlocalGdriver'sGlicenseGofficeGpurchasesGaGnewGdigitalGcameraGandGprinter.G
E)GDonaldGTrumpGpurchasesGfurnitureGforGhisGoffice.G
Answer:GGAG
Topic:GGConsumptionGgoodsGandGservicesG
Skill:GGLevelG2:GUsingGdefinitionsG
Section:GGCheckpointG2.1G
Status:GGOldG
AACSB:GGReflectiveGthinkingG
6)GTheGlargestGshareGofGtotalGproductionGinGtheGUnitedGStatesGisG
A)GconsumptionGgoodsGandGservices.G
B)GcapitalGgoods.G
C)GgovernmentGgoodsGandGservices.G
D)GexportedGgoodsGandGservices.G
E)GimportedGgoodsGandGservices.G
Answer:GGAG
Topic:GGConsumptionGgoodsGandGservicesG
Skill:GGLevelG1:GDefinitionG
Section:GGCheckpointG2.1G
Status:GGOldG
AACSB:GGReflectiveGthinkingG
DOWNLOADGTHEGTestGBankGforGEssentialGFoundationsGofGEconomicsG8th
GGGGGGGGGGGGGGGGGGGGGGGGGGEditionGBade
,mynursytest.store
3G
CopyrightG©G2018GPearsonGEducation,GInc.G
7)GItemsGboughtGbyGbusinessesGtoGhelpGproduceGotherGgoodsGandGservicesGareGcalledG
A)GconsumptionGgoodsGandGservices.G
B)GcapitalGgoods.G
C)GgovernmentGgoodsGandGservices.G
D)GexportsGofGgoodsGandGservices.G
E)GproductiveGgoods.G
Answer:GGBG
Topic:GGCapitalGgoodsG
Skill:GGLevelG1:GDefinitionG
Section:GGCheckpointG2.1G
Status:GGOldG
AACSB:GGReflectiveGthinkingG
8)GWhichGofGtheGfollowingGisGNOTGconsideredGaGconsumptionGgood?G
A)GNikeGswimmingGtrunksG
B)GmarriageGcounselingGservicesG
C)GaGUPSGtruckG
D)GaGSubwayGsandwichG
E)GaGU.S.GgovernmentGbondG
Answer:GGCG
Topic:GGCapitalGgoodsG
Skill:GGLevelG2:GUsingGdefinitionsG
Section:GGCheckpointG2.1G
Status:GGNewG
AACSB:GGApplicationGofGknowledgeG
9)GAnGitemGthatGisGpurchasedGtoGincreaseGbusinesses'GproductiveGresourcesGisG
A)GanGexport.G
B)GaGgovernmentGgood.G
C)GaGcapitalGgood.G
D)GaGconsumptionGgood.G
E)GaGproductiveGgood.G
Answer:GGCG
Topic:GGCapitalGgoodsG
Skill:GGLevelG1:GDefinitionG
Section:GGCheckpointG2.1G
Status:GGOldG
AACSB:GGReflectiveGthinkingG
DOWNLOADGTHEGTestGBankGforGEssentialGFoundationsGofGEconomicsG8th
GGGGGGGGGGGGGGGGGGGGGGGGGGEditionGBade
mynursytest.store
4G
, CopyrightG©G2018GPearsonGEducation,GInc.G
10)GWhatGwouldGbeGanGexampleGofGcapitalGgood?G
A)GJeanetteGbuysGaGnewGdress.G
B)GTheGlocalGdriver'sGlicenseGofficeGpurchasesGaGnewGdigitalGcameraGandGprinter.G
C)GAntonio,GtheGmanagerGofGtheGlocalGTacoGHut,GpurchasesGaGnewGdeepGfryer.G
D)GAppleGsellsGcomputersGtoGJapan.G
E)GRhiannaGgetsGaGhaircut.G
Answer:GGCG
Topic:GGCapitalGgoodsG
Skill:GGLevelG2:GUsingGdefinitionsG
Section:GGCheckpointG2.1G
Status:GGOldG
AACSB:GGReflectiveGthinkingG
11)GTheGdifferenceGbetweenGconsumptionGandGcapitalGgoodsGisGthatG
A)GonlyGbigGcorporationsGcanGaffordGcapitalGgoods.G
B)GcapitalGgoodsGareGusedGtoGproduceGadditionalGgoodsGwhileGconsumptionGgoodsGareGnot.G
C)GcapitalGgoodsGareGprovidedGbyGtheGgovernment.G
D)GconsumptionGgoodsGcanGbeGenjoyedGbyGmanyGpeopleGatGtheGsameGtime.G
E)GitGisGillegalGtoGexportGcapitalGgoods.G
Answer:GGBG
Topic:GGConsumptionGandGcapitalGgoodsG
Skill:GGLevelG1:GDefinitionG
Section:GGCheckpointG2.1G
Status:GGOldG
AACSB:GGReflectiveGthinkingG
12)GWhichGofGtheGfollowingGisGNOTGconsideredGanGexampleGofGaGcapitalGgood?G
A)GaGminer'sGcapG
B)GaGGPSGtrackingGdeviceG
C)GanGairportGkioskG
D)GaGU.S.GgovernmentGbondG
E)GaGstethoscopeG
Answer:GGDG
Topic:GGCapitalGgoodsG
Skill:GGLevelG2:GUsingGdefinitionsG
Section:GGCheckpointG2.1G
Status:GGNewG
AACSB:GGApplicationGofGknowledgeG
DOWNLOADGTHEGTestGBankGforGEssentialGFoundationsGofGEconomicsG8th
GGGGGGGGGGGGGGGGGGGGGGGGGGEditionGBade
mynursytest.store
5G
CopyrightG©G2018GPearsonGEducation,GInc.G
13)GGoodsGandGservicesGboughtGbyGtheGgovernmentGaccountGforGaboutG________GpercentGofGtot