Microeconomics 16th Edition
McConnell | Test Bank 2025/2026 |
Full Pack Solutions & Instant
Download Version 1
1
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1)
Rational individuals may make different choices because their information and
circumstances differ.
⊚
true
⊚
false
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-02 Define economics and the features of the economic way of
thinking.
Topic : 01-05 Marginal Analysis: Comparing Benefits and Costs
Difficulty : Easy
2)
Certain inherently desirable products such as education and health care should be
produced so long as resources are available.
⊚
true
⊚
false
,Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-02 Define economics and the features of the economic way of
thinking.
Topic : 01-07 Microeconomics and Macroeconomics
Difficulty : Medium
3)
Marginal analysis means that decision-makers compare the extra benefits with the extra
costs of a specific choice.
⊚
true
⊚
false
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-02 Define economics and the features of the economic way of
thinking.
Difficulty : Easy
Topic : 01-08 Microeconomics
4)
Choices entail marginal costs because resources are scarce.
⊚
true
⊚
false
DOWNLOAD THE Test Bank for Microeconomics 16th Edition McConnell
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Microeconomics 16ce Edition by McConnell Ch01
Version 1
,2
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-02 Define economics and the features of the economic way of
thinking.
Difficulty : Easy
Topic : 01-08 Microeconomics
5)
If economic theories are solidly based on relevant facts, then there can be no question as
to the character of appropriate economic policy.
⊚
true
⊚
false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-03 Describe the role of economic theory in economics.
Topic : 01-09 Macroeconomics
6)
The fact that economic generalizations are abstract renders them impractical and useless.
⊚
true
⊚
false
Question Details
, Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-03 Describe the role of economic theory in economics.
Topic : 01-09 Macroeconomics
7)
Macroeconomics explains the behaviour of individual households and business firms;
microeconomics is concerned with the behaviour of aggregates or the economy as a whole.
⊚
true
⊚
false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-04 Distinguish microeconomics from macroeconomics and positive
economics from
Topic : 01-12 Limited Income
DOWNLOAD THE Test Bank for Microeconomics 16th Edition McConnell
mynursytest.store
Microeconomics 16ce Edition by McConnell Ch01
Version 1
3
8)
Positive statements are expressions of value judgments.
⊚
McConnell | Test Bank 2025/2026 |
Full Pack Solutions & Instant
Download Version 1
1
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1)
Rational individuals may make different choices because their information and
circumstances differ.
⊚
true
⊚
false
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-02 Define economics and the features of the economic way of
thinking.
Topic : 01-05 Marginal Analysis: Comparing Benefits and Costs
Difficulty : Easy
2)
Certain inherently desirable products such as education and health care should be
produced so long as resources are available.
⊚
true
⊚
false
,Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-02 Define economics and the features of the economic way of
thinking.
Topic : 01-07 Microeconomics and Macroeconomics
Difficulty : Medium
3)
Marginal analysis means that decision-makers compare the extra benefits with the extra
costs of a specific choice.
⊚
true
⊚
false
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-02 Define economics and the features of the economic way of
thinking.
Difficulty : Easy
Topic : 01-08 Microeconomics
4)
Choices entail marginal costs because resources are scarce.
⊚
true
⊚
false
DOWNLOAD THE Test Bank for Microeconomics 16th Edition McConnell
mynursytest.store
Microeconomics 16ce Edition by McConnell Ch01
Version 1
,2
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-02 Define economics and the features of the economic way of
thinking.
Difficulty : Easy
Topic : 01-08 Microeconomics
5)
If economic theories are solidly based on relevant facts, then there can be no question as
to the character of appropriate economic policy.
⊚
true
⊚
false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-03 Describe the role of economic theory in economics.
Topic : 01-09 Macroeconomics
6)
The fact that economic generalizations are abstract renders them impractical and useless.
⊚
true
⊚
false
Question Details
, Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-03 Describe the role of economic theory in economics.
Topic : 01-09 Macroeconomics
7)
Macroeconomics explains the behaviour of individual households and business firms;
microeconomics is concerned with the behaviour of aggregates or the economy as a whole.
⊚
true
⊚
false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-04 Distinguish microeconomics from macroeconomics and positive
economics from
Topic : 01-12 Limited Income
DOWNLOAD THE Test Bank for Microeconomics 16th Edition McConnell
mynursytest.store
Microeconomics 16ce Edition by McConnell Ch01
Version 1
3
8)
Positive statements are expressions of value judgments.
⊚
