Test Bank For Essentials of Economics 7th Edition By N. Gregory Mankiw

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Edition:  7th Edition

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Resource Type: Test bank

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Test Bank For Essentials of Economics 7th Edition By N. Gregory Mankiw

Ten Principles of Economics

 

Multiple Choice – Section 00: Introduction

 

  1. TheEnglishwordthatcomesfromtheGreekwordfor”onewhomanagesahousehold”is

 

ANSWER:                            d

POINTS:                             1

DIFFICULTY:                     Difficulty:Easy

LEARNINGOBJECTIVES: ECON.MANK.15.1-LO:1-0

NATIONALSTANDARDS:  UnitedStates-BUSPROG:Analytic

TOPICS:                             DISC:GeneralPrinciples

KEYWORDS:                       BLOOM’S:Knowledge

 

  1. Theword“economy”comesfromtheGreekwordoikonomos,whichmeans
    1. “environment.”
    2. “production.”
    3. “onewhomanagesa”
    4. “onewhomakes”

 

ANSWER:                            c

POINTS:                             1

DIFFICULTY:                     Difficulty:Easy

LEARNINGOBJECTIVES: ECON.MANK.15.1-LO:1-0

NATIONALSTANDARDS:  UnitedStates-BUSPROG:Analytic

TOPICS:                             DISC:GeneralPrinciples

KEYWORDS:                       BLOOM’S:Knowledge

 

 

 

  1. Resourcesare
    1. scarceforhouseholdsbutplentifulfor
    2. plentifulforhouseholdsbutscarcefor
    3. scarceforhouseholdsandscarcefor
    4. plentifulforhouseholdsandplentifulfor

 

ANSWER:                            c

POINTS:                             1

DIFFICULTY:                     Difficulty:Easy

LEARNINGOBJECTIVES: ECON.MANK.15.1-LO:1-0

NATIONALSTANDARDS:  UnitedStates-BUSPROG:Analytic

TOPICS:                             DISC:ThinkingLikeanEconomistScarcity

KEYWORDS:                       BLOOM’S:Comprehension

 

  1. Inconsideringhowtoallocateitsscarceresourcesamongitsvariousmembers,ahouseholdconsiders
    1. eachmember’s
    2. eachmember’sefforts.
    3. eachmember’s
    4. Alloftheaboveare

 

ANSWER:                            d

POINTS:                             1

DIFFICULTY:                     Difficulty:Easy

LEARNINGOBJECTIVES: ECON.MANK.15.1-LO:1-0

NATIONALSTANDARDS:  UnitedStates-BUSPROG:Analytic

TOPICS:                             DISC:ThinkingLikeanEconomistScarcity

KEYWORDS:                       BLOOM’S:Comprehension

 

 

 

  1. Economicsdealsprimarilywiththeconceptof

 

ANSWER:                            a

POINTS:                             1

DIFFICULTY:                     Difficulty:Easy

LEARNINGOBJECTIVES: ECON.MANK.15.1-LO:1-0

NATIONALSTANDARDS:  UnitedStates-BUSPROG:Analytic

TOPICS:                             DISC:ThinkingLikeanEconomistScarcity

KEYWORDS:                       BLOOM’S:Knowledge

 

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