Test Bank to accompany Principles of Macroeconomics, NETA Assessment: Sixth Canadian Edition BY Mankiw and Mckenzie all chapters covered

Test Bank to accompany Principles of
Macroeconomics, NETA Assessment:
Sixth Canadian Edition
BY Mankiw and Mckenzie

,TABLE OF CONTENTS
e e




Parte1eIntroduction
Chaptere1eTenePrincipleseofeEconomics 1-1
Chaptere2eThinkingeLikeeaneEconomist 2-1
Chaptere3eInterdependenceeandetheeGainsefromeTrade 3-1

Parte2eSupplyeAndeDemand:eHoweMarketseWork
Chaptere4eTheeMarketeForceseofeSupplyeandeDemand 4-1

Parte3eTheeDataeofeMacroeconomics
Chaptere5eMeasuringeaeNation’seIncome 5-1
Chaptere6eMeasuringetheeCosteofeLiving 6-1

Parte4eTheeRealeEconomyeinetheeLongeRun
Chaptere7eProductioneandeGrowth 7-1
Chaptere8eSaving,eInvestment,eandetheeFinancialeSystem 8-1
Chaptere9eUnemploymenteandeItseNaturaleRate 9-1

Parte5eMoneyeAndePriceseinetheeLongeRun
Chaptere10eTheeMonetaryeSystem 10-1
Chaptere11eMoneyeGrowtheandeInflation 11-1

Parte6eTheeMacroeconomicseofeOpeneEconomies
Chaptere12eOpen-EconomyeMacroeconomics:eBasiceConcepts 12-1
Chaptere13eAeMacroeconomiceTheoryeofetheeSmalleOpeneEconomy 13-1

Parte7eShort-RuneEconomiceFluctuations
Chaptere14eAggregateeDemandeandeAggregateeSupply 14-1
Chaptere15eTheeInfluenceeofeMonetaryeandeFiscalePolicyeoneAggregateeDemand 15-1
Chaptere16eTheeShort-RuneTradeoffebetweeneInflationeandeUnemployment 16-1

Parte8eFinaleThoughts
Chaptere17eFiveeDebateseovereMacroeconomicePolicy 17-1




iii

,3

, Chapter 1—Ten Principles of Economics
e e e e




MULTIPLEeCHOICE

1. WhichewordecomesefrometheeGreekewordefore“oneewhoemanageseaehousehold”?
a. market
b. consumer
c. producer
d. economy
ANS:ee D PTS:eee 1 DIF: Easy REF: p.e3-4
BLM:e Remember NOT:ee MacroeTB_1-1

2. FromewhicheGreekeword(s)eisetheewordeeconomyederived?
a. environment
b. oneewhoemanageseaehousehold
c. oneewhoeparticipateseineaemarket
d. conservation
ANS:ee B PTS:eee 1 DIF: Easy REF: p.e3-4
BLM:e Remember NOT:ee MacroeTB_1-2

3. Whatedoehouseholdseandeeconomiesehaveeinecommon?
a. Theyebothemusteallocateescarceeresources.
b. Theyebothefaceemanyedecisions.
c. Theyebothemusteallocateetheegoodseandeservicesetheyeproduce.
d. Theyebothemustehaveeaecentraledecisionemaker.
ANS:ee D PTS:eee 1 DIF: Average REF: p.e3-4
BLM:e Remember NOT:ee MacroeTB_1-3

4. Whateconceptedoeseeconomicseprimarilyedealewith?
a. scarcity
b. poverty
c. change
d. power
ANS:ee A PTS:eee 1 DIF: Easy REF: p.e4
BLM:e Remember NOT:ee MacroeTB_1-4

5. WhicheofetheefollowingeiseNOTeincludedeinetheedecisionsethateeveryesocietyemustemake?
a. whategoodsewillebeeproduced
b. whoewilleproduceetheegoods
c. whatedetermineseconsumerepreferences
d. whoewilleconsumeetheegoods
ANS:ee C PTS:eee 1 DIF: Average REF:eeep.e4
BLM:e Remember NOT:ee MacroeTB_1-5




Copyrighte©e2014eNelsoneEducationeLimite. 1-1