Test Bank For Essential Foundations of Economics 9th Edition By Robin Bade, Michael Parkin (All Chapters, 100% Original Verified, A+ Grade)

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EssentialmFoundationsmofmEconomics,m9em(Bade/Parki
n)mChapterm2 ThemU.S.mandmGlobalmEconomies

2.1 What,mHow,mandmFormWhom?

1) Itemsmthatmarempurchasedmbymindividualsmformtheirmownmenjoymentmaremcalled
A) consumptionmgoodsmandmservices.
B) capitalmgoods.
C) governmentmgoodsmandmservices.
D) exportsmofmgoodsmandmservices.
E) privatemgoods
.mAnswer:m A
Topic:m Consumptionmgoodsmandmservicesm
Skill:m Levelm1:mDefinition
Section:m Checkpointm2.1m
Status:m Old
AACSB:m Reflectivemthinking

2) Itemsmboughtmbymindividualsmtomprovidempersonalmenjoymentmaremtermed
A) consumptionmgoods.
B) personalmgoods.
C) consumptionmorminvestmentmgoods.
D) standardmgoods.
E) pleasuremgoods
.mAnswer:m A
Topic:m Consumptionmgoodsmandmservicesm
Skill:m Levelm1:mDefinition
Section:m Checkpointm2.1m
Status:m Old
AACSB:m Reflectivemthinking

3) Whatmwouldmbemanmexamplemofmamconsumptionmgood?
A) Antonio,mthemmanagermofmthemlocalmTacomHut,mpurchasesmamnewmdeepmfryer.
B) Themlocalmdriver'smlicensemofficempurchasesmamnewmdigitalmcameramandmprinter.
C) Rhiannamgetsmamhaircut.
D) JakembuysmanmiPhone.
E) DonaldmTrumpmpurchasesmfurnituremformhismoffi
ce.mAnswer:m D
Topic:m Whatmwemproduce
Skill:m Levelm2:mUsingmdefinition
smSection:m Checkpointm2.1
Status:m Old
AACSB:m Reflectivemthinking




1
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c.
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,DOWNLOAD THE Test Bank for Essential Foundations of Economics 9thEditi
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4) Whichmofmthemfollowingmismamconsumptionmgoodmormservice?
A) ampersonalmcomputermpurchasedminmordermtomplaymgamesmatmhome
B) amUnitedmAirlinemticketmcounter
C) themStarship,mSpaceX'smproposedmhuman-carryingmrocket
D) amUnitedmParcelmServicemtruckmdeliveringmChristmasmgifts
E) amsatellitemdishminstalledmbymCoxmCablemtomdownloadmprogramsmthatmaremthenmdistributedmthroughmit
smcablemsystem
Answer:m A
Topic:m Consumptionmgoodsmandmservicesm
Skill:m Levelm2:mUsingmdefinitions
Section:m Checkpointm2.1m
Status:m Old
AACSB:m Reflectivemthinking

5) Whatmwouldmbemanmexamplemofmamconsumptionmservice?
A) Rhiannamgetsmamhaircut.
B) JakembuysmanmiPhone.
C) Antonio,mthemmanagermofmthemlocalmTacomHut,mpurchasesmam newmdeepmfryer.
D) Themlocalmdriver'smlicensemofficempurchasesmamnewmdigitalmcameramandmprinter.
E) DonaldmTrumpmpurchasesmfurnituremformhismoffi
ce.mAnswer:m A
Topic:m Consumptionmgoodsmandmservicesm
Skill:m Levelm2:mUsingmdefinitions
Section:m Checkpointm2.1m
Status:m Old
AACSB:m Reflectivemthinking

6) ThemlargestmsharemofmtotalmproductionminmthemUnitedmStatesmis
A) consumptionmgoodsmandmservices.
B) capitalmgoods.
C) governmentmgoodsmandmservices.
D) exportedmgoodsmandmservices.
E) importedmgoodsmandmservice
s.mAnswer:m A
Topic:m Consumptionmgoodsmandmservicesm
Skill:m Levelm1:mDefinition
Section:m Checkpointm2.1m
Status:m Old
AACSB:m Reflectivemthinking




2
Copyrightm©m2021mPearsonmEducation,mIn
c.
mynursytest.store

, DOWNLOAD THE Test Bank for Essential Foundations of Economics 9thEditi
m m m m m m m m m m

on Bade m




7) Itemsmboughtmbymbusinessesmtomhelpmproducemothermgoodsmandmservicesmaremcalled
A) consumptionmgoodsmandmservices.
B) capitalmgoods.
C) governmentmgoodsmandmservices.
D) exportsmofmgoodsmandmservices.
E) productivemgoods
.mAnswer:m B
Topic:mCapitalmgoodsmSk
ill:m Levelm1:mDefinitionmS
ection:mCheckpointm2.1mS
tatus:m Old
AACSB:m Reflectivemthinking

8) WhichmofmthemfollowingmismNOTmamconsumptionmgood?
A) Nikemswimmingmtrunks
B) marriagemcounselingmservices
C) amUPSmtruck
D) amSubwaymsandwich
E) amU.S.mgovernmentmbon
dmAnswer:m C
Topic:m Capitalmgoods
Skill:m Levelm2:mUsingmdefinition
smSection:m Checkpointm2.1
Status:m Old
AACSB:m Applicationmofmknowledge

9) Anmitemmthatmismpurchasedmtomincreasembusinesses'mproductivemresourcesmis
A) anmexport.
B) amgovernmentmgood.
C) amcapitalmgood.
D) amconsumptionmgood.
E) amproductivemgoo
d.mAnswer:m C
Topic:mCapitalmgoodsmSk
ill:m Levelm1:mDefinitionmS
ection:mCheckpointm2.1mS
tatus:m Old
AACSB:m Reflectivemthinking

10) Whatmwouldmbemanmexamplemofmcapitalmgood?
A) Jeanettembuysmamnewmdress.
B) Themlocalmdriver'smlicensemofficempurchasesmamnewmdigitalmcameramandmprinter.
C) Antonio,mthemmanagermofmthemlocalmTacomHut,mpurchasesmamnewmdeepmfryer.
D) ApplemsellsmcomputersmtomJapan.
E) Rhiannamgetsmamhaircu
t.mAnswer:m C
Topic:m Capitalmgoods
Skill:m Levelm2:mUsingmdefinition
smSection:m Checkpointm2.1
Status:m Old
AACSB:m Reflectivemthinking
3
Copyrightm©m2021mPearsonmEducation,mIn
c.
mynursytest.store