k k k k k k k k
Microeconomics 3rd Edition by Karlan CH01
k k k k k
ANSWERS ARE LOCATED IN THE SECOND PART OF THIS DOCUMENT
k k k k k k k k k
MULTIPLEkCHOICEk-
kChoosekthekonekalternativekthatkbestkcompleteskthekstatementkorkanswerskthekquestion.
1) Thekprincipleskofkeconomicskcankexplainkwhichkofkthekfollowing?
1. Whykpeoplekchoosektokworkkorkgoktokcollege
2. Whykakcountrykmightkprosper
3. Howkthekvaluekofkmoneykchangeskoverktime
1)k
A) IIkandkIIIkonly
B) IkandkIIkonly
C) IIIkonly
D) I,kII,kandkIII
QuestionkDetails
AACSBk:k ReflectivekThinkingkAccessibil
ityk:kKeyboardkNavigationkAccessibilityk:k
ScreenkReaderkCompatiblekBloom'sk:kUnd
erstand
Difficultyk:k02kMedium
LearningkObjectivek:k01-
01kExplainkthekeconomickconceptkofkscarcity.kTopick:kBasickInsightskofkEco
nomics
2) Whokmakeskdecisionskaboutkhowktokallocatekresources?
2)k
A) Individuals
B) Businesses
C) Governments
D) Allkofkthesekmakekdecisionskaboutkresourcekallocation.
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k k k k k k k k
Microeconomics 3rd Edition by Karlan CH01
k k k k k
QuestionkDetails
AACSBk:k ReflectivekThinkingkAccessibil
ityk:kKeyboardkNavigationkAccessibilityk:k
ScreenkReaderkCompatible
LearningkObjectivek:k01-
01kExplainkthekeconomickconceptkofkscarcity.kBloom'sk:kRemember
Difficultyk:k01kEasy
Topick:kBasickInsightskofkEconomics
3) Whichkofkthekfollowingkstatementskbestkdescribeskthekstudykofkeconomics?
3)k
A) EconomicskstudieskhowkthekFederalkReservekhandleskfluctuationkinkbusinesskcycles.
B) Economicskstudieskhowkindividualskandkgroupskmanagekscarcekresources.
C) Economicskstudieskhowkpeoplekmaximizekreturnskinkthekstockkmarket.
D) Economicskstudieskhowkgovernmentskdeterminekappropriatektaxkrates.
QuestionkDetails
AACSBk:k ReflectivekThinkingkAccessibil
ityk:kKeyboardkNavigationkAccessibilityk:k
ScreenkReaderkCompatible
LearningkObjectivek:k01-
01kExplainkthekeconomickconceptkofkscarcity.kBloom'sk:kRemember
Difficultyk:k01kEasy
Topick:kBasickInsightskofkEconomics
4) Alankcouldkapplykthekprincipleskofkeconomickdecisionkmakingkwhenkdeciding:
1. howktokspendkhiskpaycheck.
2. whoktokmarry.
3. whatktokhavekforkdinnerkafterkaklongkdaykatkwork.
4)k
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k k k k k k k k
Microeconomics 3rd Edition by Karlan CH01
k k k k k
A) I,kII,kandkIII
B) Ikonly
C) IkandkIII
D) IIkandkIII
QuestionkDetails
AACSBk:k ReflectivekThinkingkAccessibil
ityk:kKeyboardkNavigationkAccessibilityk:k
ScreenkReaderkCompatiblekBloom'sk:kUnd
erstand
Difficultyk:k02kMedium
LearningkObjectivek:k01-
01kExplainkthekeconomickconceptkofkscarcity.kTopick:kBasickInsightskofkEco
nomics
5) Thektwokbroadkfieldskthatkmakekupktheksubjectkofkeconomicskare:
5)k
A) microeconomicskandkmacroeconomics.
B) personalkinvestmentskandkbusinesskinvestments.
C) fiscalkpolicykandkmonetarykpolicy.
D) importskandkexports.
QuestionkDetails
AACSBk:k ReflectivekThinkingkAccessibil
ityk:kKeyboardkNavigationkAccessibilityk:k
ScreenkReaderkCompatible
LearningkObjectivek:k01-
01kExplainkthekeconomickconceptkofkscarcity.kBloom'sk:kRemember
Difficultyk:k01kEasy
Topick:kBasickInsightskofkEconomics
6) Whichkofkthekfollowingkiskconsideredkakmicroeconomickissue?
6)k
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Microeconomics 3rd Edition by Karlan CH01
k k k k k
A) Theklocalkuniversitykdecidesktokraisektuitionkforkonlinekcoursekofferings.
B) ThekcountrykofkZimbabwekhaskexperiencedkakdeclinekinkinflation.
C) ThekeconomickgrowthkratekriseskinkthekUnitedkStates.
D) ThekunemploymentkratekinkGreecekfalls.
QuestionkDetails
AACSBk:k ReflectivekThinkingkAccessibil
ityk:kKeyboardkNavigationkAccessibilityk:k
ScreenkReaderkCompatiblekBloom'sk:kUnd
erstand
Difficultyk:k02kMedium
LearningkObjectivek:k01-
01kExplainkthekeconomickconceptkofkscarcity.kTopick:kMicrokversuskMacro
7) Whichkofkthekfollowingkiskconsideredkakmicroeconomickissue?
7)k
A) ThekunemploymentkratekinkthekUnitedkStateskfromk1980ktokpresentkday
B) Apple'sknewestkversionkofkthekiPhone
C) France’skgrowthkratekoverktheklastkyear
D) Allkofkthesekarekexampleskofkmicroeconomickissues.
QuestionkDetails
AACSBk:k ReflectivekThinkingkAccessibil
ityk:kKeyboardkNavigationkAccessibilityk:k
ScreenkReaderkCompatiblekBloom'sk:kUnd
erstand
Difficultyk:k02kMedium
LearningkObjectivek:k01-
01kExplainkthekeconomickconceptkofkscarcity.kTopick:kMicrokversuskMacro
8) SupposekDisneykWorldkdecidesktokchargeklocalkresidentskaklowerkpricekthankotherkparkkv
isitors.kThiskwouldkfallkunderkwhichkfieldkofkeconomics?
8)k
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