Principles of Economics Robert Frank 14th Edition- Test Bank.pdf

DOWNLOAD THE Test Bank for Economics Principles and Policy 13th Edition Baumol
f f f f f f f f f f f



Truef/fFalse

1. ThefUnitedfStatesfisftheflargestfnationalfeconomyfinfthefworld.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNINGfOBJECTIVES: DISC:fMeasuringfthefEconomy
NATIONALfSTANDARDS: UnitedfStatesf-fBPROG:fAnalytic
ACCREDITINGfSTANDARDS:f Thefstudyfoffeconomics,fandfdefif-fThefstudyfoffeconomics,fandfdefinitionsfoffeconomics
TOPICS: ThefAmericanfEconomy:fAfThumbnailfSketch
KEYWORDS: BLOOM’S:fKnowledge

2. ThefU.S.feconomyfisfuniquefforfbothfitsfsizefandfprosperity.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNINGfOBJECTIVES:
DISC:fMeasuringfthefEconomyfN
ATIONALfSTANDARDS: UnitedfStatesf-
fBPROG:fAnalyticf ACCREDITINGfSTANDARDS:f Measuringfthef E


conomy
TOPICS: ThefAmericanfEconomy:fAfThumbnailfSketch
KEYWORDS: BLOOM’S:fKnowledge

3. Theffactorsfoffproductionfincludefallfgoodsfandfservicesfproducedfinfanfeconomy.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
LEARNINGfOBJECTIVES: DISC:fThefstudyfoffeconomics,fanf-fDISC:fThefstudyfoffeconomics,fand
definitionsfinfeconomics
NATIONALfSTANDARDS: UnitedfStatesf-fBPROG:fAnalytic
ACCREDITINGfSTANDARDS:f Thefstudyfoffeconomics,fandfdefif-fThefstudyfoffeconomics,fandfdefinitionsfoffeconomics
TOPICS: ThefAmericanfEconomy:fAfThumbnailfSketch
KEYWORDS: BLOOM’S:fKnowledge

4. Outputsfincludefgoodsfbutfnotfservices.
a. True
b. False
ANSWER: False
©f2016fCengagefLearning.fAllfRightsfReserved.fMayfnotfbefcopied,fscanned,forfduplicated,finfwholeforfinfpart,fexceptfforfusefasfpermittedfinfaflicensefdistributedfwithfaf
certainfproductforfserviceforfotherwisefonfafpassword-protectedfwebsitefforfclassroomfuse.

mynursytest.store

,DOWNLOAD THE Test Bank for Economics Principles and Policy 13th Edition Baumol
f f f f f f f f f f f



POINTS: 1
DIFFICULTY: Easy
LEARNINGfOBJECTIVES: DISC:fThefstudyfoffeconomics,fanf-fDISC:fThefstudyfoffeconomics,fand
definitionsfinfeconomics
NATIONALfSTANDARDS: UnitedfStatesf-fBPROG:fAnalytic
ACCREDITINGfSTANDARDS:f Thefstudyfoffeconomics,fandfdefif-fThefstudyfoffeconomics,fandfdefinitionsfoffeconomics
TOPICS: ThefAmericanfEconomy:fAfThumbnailfSketch
KEYWORDS: BLOOM’S:fKnowledge

5. Populationfdensityfvariesflittlefbetweenftheffiftyfstates.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
LEARNINGfOBJECTIVES: DISC:fThefstudyfoffeconomics,fanf-fDISC:fThefstudyfoffeconomics,fand
definitionsfinfeconomics
NATIONALfSTANDARDS: UnitedfStatesf-fBPROG:fAnalytic
ACCREDITINGfSTANDARDS:f Thefstudyfoffeconomics,fandfdefif-fThefstudyfoffeconomics,fandfdefinitionsfoffeconomics
TOPICS: ThefAmericanfEconomy:fAfThumbnailfSketch

6. ProsperityfinfthefUnitedfStatesfisfevenlyfdistributedfacrossftheffiftyfstates.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
LEARNINGfOBJECTIVES:
DISC:fMeasuringfthefEconomyfN
ATIONALfSTANDARDS: UnitedfStatesf-
fBPROG:fAnalyticf ACCREDITINGfSTANDARDS:f Measuringfthef E


conomy
TOPICS: ThefAmericanfEconomy:fAfThumbnailfSketch
KEYWORDS: BLOOM’S:fComprehension

7. InfthefUnitedfStates,fallfpropertyfisfprivatelyfowned.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
LEARNINGfOBJECTIVES: DISC:fThefstudyfoffeconomics,fanf-fDISC:fThefstudyfoffeconomics,fand
definitionsfinfeconomics
NATIONALfSTANDARDS: UnitedfStatesf-fBPROG:fAnalytic
ACCREDITINGfSTANDARDS:f Thefstudyfoffeconomics,fandfdefif-fThefstudyfoffeconomics,fandfdefinitionsfoffeconomics

©f2016fCengagefLearning.fAllfRightsfReserved.fMayfnotfbefcopied,fscanned,forfduplicated,finfwholeforfinfpart,fexceptfforfusefasfpermittedfinfaflicensefdistributedfwithfaf
certainfproductforfserviceforfotherwisefonfafpassword-protectedfwebsitefforfclassroomfuse.

mynursytest.store

,DOWNLOAD THE Test Bank for Economics Principles and Policy 13th Edition Baumol
f f f f f f f f f f f



TOPICS: ThefAmericanfEconomy:fAfThumbnailfSketch
KEYWORDS: BLOOM’S:fKnowledge

8. Grossfdomesticfproductfisfthefmoneyfvaluefoffallffinalfgoodsfandfservicesfproducedfinfanfeconomyfinfafyear.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
LEARNINGfOBJECTIVES: DISC:fThefstudyfoffeconomics,fanf-fDISC:fThefstudyfoffeconomics,fand
definitionsfinfeconomics
NATIONALfSTANDARDS: UnitedfStatesf-fAnalyticf-fBB-Legal
ACCREDITINGfSTANDARDS:f Thefstudyfoffeconomics,fandfdefif-fThefstudyfoffeconomics,fandfdefinitionsfoffeconomics
TOPICS: ThefAmericanfEconomy:fAfThumbnailfSketch
KEYWORDS: BLOOM’S:fKnowledge

9. Grossfdomesticfproductfisfthefmoneyfvaluefoffmanufacturingfproductionfinfafyear.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
LEARNINGfOBJECTIVES: DISC:fThefstudyfoffeconomics,fanf-fDISC:fThefstudyfoffeconomics,fand
definitionsfinfeconomics
NATIONALfSTANDARDS: UnitedfStatesf-fBPROG:fAnalytic
ACCREDITINGfSTANDARDS:f Thefstudyfoffeconomics,fandfdefif-fThefstudyfoffeconomics,fandfdefinitionsfoffeconomics
TOPICS: ThefAmericanfEconomy:fAfThumbnailfSketch
KEYWORDS: BLOOM’S:fComprehension

10. GDPfisfafmeasurefofftheftotalfoutputfoffanfeconomy.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNINGfOBJECTIVES: DISC:fThefstudyfoffeconomics,fanf-fDISC:fThefstudyfoffeconomics,fand
definitionsfinfeconomics
NATIONALfSTANDARDS: UnitedfStatesf-fBPROG:fAnalytic
ACCREDITINGfSTANDARDS:f Thefstudyfoffeconomics,fandfdefif-fThefstudyfoffeconomics,fandfdefinitionsfoffeconomics
TOPICS: ThefAmericanfEconomy:fAfThumbnailfSketch
KEYWORDS: BLOOM’S:fKnowledge

11. RealfGDPfisfthefdollarfvaluefoffallfgoodsfandfservicesfproducedfinfanfeconomy.



©f2016fCengagefLearning.fAllfRightsfReserved.fMayfnotfbefcopied,fscanned,forfduplicated,finfwholeforfinfpart,fexceptfforfusefasfpermittedfinfaflicensefdistributedfwithfaf
certainfproductforfserviceforfotherwisefonfafpassword-protectedfwebsitefforfclassroomfuse.

mynursytest.store

, DOWNLOAD THE Test Bank for Economics Principles and Policy 13th Edition Baumol
f f f f f f f f f f f



a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
LEARNINGfOBJECTIVES: DISC:fThefstudyfoffeconomics,fanf-fDISC:fThefstudyfoffeconomics,fand
definitionsfinfeconomics
NATIONALfSTANDARDS: UnitedfStatesf-fBPROG:fAnalytic
ACCREDITINGfSTANDARDS:f Thefstudyfoffeconomics,fandfdefif-fThefstudyfoffeconomics,fandfdefinitionsfoffeconomics
TOPICS: ThefAmericanfEconomy:fAfThumbnailfSketch
KEYWORDS: BLOOM’S:fComprehension

12. GovernmentfproductionfaccountsfforfaboutfhalffoffallfGDPfinfthefUnitedfStates.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
LEARNINGfOBJECTIVES:
DISC:fThefrolefoffgovernmentfNA
TIONALfSTANDARDS: UnitedfStatesf-
fBPROG:fAnalyticf ACCREDITINGfSTANDARDS:f Thefrolef offgover


nment
TOPICS: ThefAmericanfEconomy:fAfThumbnailfSketch
KEYWORDS: BLOOM’S:fKnowledge

13. ThefUnitedfStatesfisfonefoffthefmostfmarketizedfeconomiesfinfthefworld.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNINGfOBJECTIVES: DISC:fThefstudyfoffeconomics,fanf-fDISC:fThefstudyfoffeconomics,fand
definitionsfinfeconomics
NATIONALfSTANDARDS: UnitedfStatesf-fBPROG:fAnalytic
ACCREDITINGfSTANDARDS:f Thefstudyfoffeconomics,fandfdefif-fThefstudyfoffeconomics,fandfdefinitionsfoffeconomics
TOPICS: ThefAmericanfEconomy:fAfThumbnailfSketch
KEYWORDS: BLOOM’S:fComprehension

14. ThefUnitedfStatesfisfonefoffthefleastfmarketizedfeconomiesfinfthefworld.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
©f2016fCengagefLearning.fAllfRightsfReserved.fMayfnotfbefcopied,fscanned,forfduplicated,finfwholeforfinfpart,fexceptfforfusefasfpermittedfinfaflicensefdistributedfwithfaf
certainfproductforfserviceforfotherwisefonfafpassword-protectedfwebsitefforfclassroomfuse.

mynursytest.store