DOWNLO AD TH E Test Bank for Brief Principles of Macroeconomics 8th
MULTIPLE CHOICE
m m m
Edition Mankiw
m
m
m m m
1 :mWhich mof mthemfollowingmismnotmcorrect?
Am:mEconomistsmusemsomemfamiliarmwordsmin mspecializedmways.
Bm:mEconomicsmhasmitsmownmlanguagemandmitsmownmwaymofmthinking,mbutmfewmothermfieldsmof mstud
ymdo.
C m:mSupply,mdemand,melasticity,mcomparativemadvantage,mconsumermsurplus,mandmdeadweightmlos
smaremallmtermsmthatmarempartmof mthemeconomistsmlanguage.
D m:mThemvaluemof mthemeconomistsmlanguagemliesminmitsmabilitymtomprovidemyoumwithmamnew mandmus
eful mwaymof mthinkingmaboutmthemworldmin mwhich myou mlive.
CorrectmAnswerm:mB
2 :mEconomistsmusemsomemfamiliarmtermsmin mspecializedmways
Am:mtommakemthemsubjectmsoundmmoremcomplexmthan mitmis.
Bm:mbecausemeverymrespectablemfieldmof mstudymhasmitsmown mlanguage.
C m:mtomprovidemamnew mandmuseful mwaymof mthinkingmaboutmthemworld.
D m:mbecausemitmwasmtoomdifficultmtomcomemupmwith mnew mterms.m
CorrectmAnswerm:mC
3 :mThemlanguagemof meconomicsmis
Am:mneedlesslymarcane.
Bm:mvaluablembecausemitmprovidesmamnew mandmuseful mwaymof mlearningmaboutmthemworld.
C m:measymtomlearn mwithin mamday.
D m:munnecessarymtomlearnmformamthoroughmunderstandingmof meconomics.mCo
rrectmAnswerm:mB
4 :mStudyingmwhich mof mthemfollowingmismhelpful min mlearningmtomthinkmlikeman meconomist?
Am:mtheory.
Bm:mcasemstudies.
C m:mexamplesmof meconomicsmin mthemnews.
D m:mall mof mthemabove
.
CorrectmAnswerm:mD
mynursytest.store 1m/m
1
,DOWNLO AD TH E Test Bank for Brief Principles of Macroeconomics 8th
MULTIPLE CHOICE
m m m
Edition Mankiw
m
m
m m m
1 :mEconomists,mlikemmathematicians,mphysicists,mandmbiologists,
Am:mmakemusemof mthemscientificmmethod.
Bm:mtrymtomaddressmtheirmsubjectmwith mamscientistsmobjectivity.
C m:mdevisemtheories,mcollectmdata,mandmthenmanalyzemthesemdatamin man mattemptmtomverifymormrefut
emtheirmtheories.
D m:mAll mof mthemabovemaremcorrect.mCorr
ectmAnswerm:mD
2 :mThemessencemof msciencemis
Am:mthemlaboratorymexperiment.
Bm:mthemscientificmmethod.
C m:mthemstudymof mnature,mbutmnotmthemstudymof msociety.
D m:mAll mof mthemabovemaremcorrect.mCorr
ectmAnswerm:mB
3 :mThemscientificmmethodmis
Am:mthemusemof mmodern mtechnologymtomunderstandmthemwaymthemworldmworks.
Bm:mthemusemof mcontrolledmlaboratorymexperimentsmtomunderstandmthemwaymthemworldmworks.
C m:mthemdispassionatemdevelopmentmandmtestingmof mtheoriesmaboutmhow mthemworldmworks.
D m:mthemsearchmformevidencemtomsupportmpreconceivedmtheoriesmaboutmhowmthemworldmworks.mCo
rrectmAnswerm:mC
4 :mThemscientificmmethodmismapplicablemtomstudying
Am:mnatural msciences,mbutmnotmsocial msciences.
Bm:msocial msciences,mbutmnotmnatural msciences.
C m:mboth mnatural msciencesmandmsocial msciences.
D m:mNonemofmthemabovemismcorrect.mCor
rectmAnswerm:mC
5 :mWhomsaid,mThemwholemof msciencemismnothingmmoremthan mthemrefinementmof meverydaymthinking?
Am:mIsaacmNewton
Bm:mAlbertmEinstein
C m:mAdammSmith
D m:mBenjamin mFranklinmCorre
ctmAnswerm:mB
6 :mAlbertmEinstein moncemmademthemfollowingmobservation maboutmscience:
Am:mThemwholemof msciencemismnothingmmoremthan mthemrefinementmof meverydaymthinking.
Bm:mThemwholemof msciencemismnothingmmoremthan man minterestingmintellectual mexercise.
C m:mIn mordermtomunderstandmscience,monemmustmrelymsolelymon mabstraction.
D m:mIn mordermtomunderstandmscience,monemmustmtranscendmeverydaymthinkin
g.mCorrectmAnswerm:mA
7 :mSirmIsaacmNewtonsmdevelopmentmof mthemtheorymof mgravitymaftermobservingman mapplemfall mfromma
mynursytest.store 1m/m8
8
,DOWtrN
eeLO
i sAaD
n eTHm
xa
m EplT
eeos
f t Bank for Brief Principles of Macroeconomics 8th
m m m m m m m m m
A : a controlled experiment that leadEtodi
m m m m m tht
meifoorn
muM
laa
tionnkoifwa scientific theory.
m m
Bm:mbeingmin mthemrightmplacematmthemrightmtime.
C m:man mideamwhosemtimemhadmcome.
D m:mtheminterplaymbetweenmobservationmandmtheoryminmscience.
m CorrectmAnswerm:mD
8 :mWhich mof mthemfollowingmstepsmdoesman meconomistmtakemwhen mstudyingmthemeconomy?
Am:mdevisemtheories
Bm:mcollectmdata
C m:manalyzemdata
D m:mAll mof mthemabovemaremcorrect.mCorr
ectmAnswerm:mD
9 :mWhich mofmthemfollowingmismanmexamplemof musingmthemscientificmmethodmwithmamnatu
ral mexperiment?
Am:mmeasuringmhow mlongmitmtakesmammarblemtomfall mfrommamten mstorymbuilding
Bm:mcomparingmplantmgrowth mwith mandmwithoutmamsoil madditive
C m:mtrackingmthempricemof moil mwhen mamwarmin mthemMiddlemEastminterruptsmthemflow mof mcrudemoil
D m:mobservingmthemreactionmwhenmtwomchemicalsmaremmixedmtogetherm
CorrectmAnswerm:mC
10 :mThemgoal mof man meconomistmwhomformulatesmnew mtheoriesmismto
Am:mprovideman minterestingmframeworkmof manalysis,mwhethermormnotmthemframeworkmturnsmoutmtombe
mof mmuch musemin munderstanding mhow mthemworldmworks.
Bm:mprovokemstimulatingmdebatemin mscientificmjournals.
C m:mcontributemtoman munderstandingmof mhow mthemworldmworks.
D m:mdemonstratemthatmeconomists,mlikemothermscientists,mcan mformulatemtestablemtheories.mC
orrectmAnswerm:mC
11 :mSupposeman meconomistmdevelopsmamtheorymthatmhighermfoodmpricesmarisemfrommhighermgas
mprices.mAccording mtomthemscientificmmethod,mwhichmofmthemfollowing mismthemeconomistsmnextmste
p?
Am:mCollectmandmanalyzemdata.
Bm:mGomtomamlaboratorymandmgeneratemdatamtomtestmthemtheory.
C m:mPublish mthemtheorymwithoutmtestingmit.
D m:mConsultmwith mothermeconomistsmtomseemtheymagreemwith mthemtheory.mCor
rectmAnswerm:mA
12 :mWhich mofmthemfollowingmstatementsmappliesmtomeconomics,masmwellmasmtomothermsciencesmsu
ch masmphysics?
Am:mExperimentsmaremconsideredmvalidmonlymwhen mtheymaremconductedmin mamlaboratory.
Bm:mGoodmtheoriesmdomnotmneedmtombemtested.
C m:mReal-worldmobservationsmoften mleadmtomtheories.
D m:mEconomics,masmwell masmothermsciences,mismconcernedmprimarilymwith mabstractmconcepts.mCorr
ectmAnswerm:mC
13m:mWith mrespectmtomhowmeconomistsmstudymthemeconomy,mwhichmof mthemfollowingmstatementsmis
mynursytest.store 2m/m88
, DOWmNoLstOaAcDcurTatHeE? Test Bank for Brief Principles of Macroeconomics 8th
m m m m m m m
A : Economists study the past, but thEed
m m m m m m yidt
moino
otntryMta
m m on
mpk
rei
dwict the future.
m m
Bm:mEconomistsmusemrulesmof mthumbmtompredictmthemfuture.
C m:mEconomistsmdevisemtheories,mcollectmdata,mandmanalyzemthemdatamtomtestmthemtheories.
D m:mEconomistsmusemcontrolledmexperimentsminmmuchmthemsamemwaymthatmbiologistsmandmphysicist
smdo.
CorrectmAnswerm:mC
14 :mEconomistsmfaceman mobstaclemthatmmanymothermscientistsmdomnotmface.mWhatmismthatmobstacle?
Am:mItmismoften mdifficultmtomformulatemtheoriesmin meconomics.
Bm:mItmismoften mimpractical mtomperformmexperimentsmin meconomics.
C m:mEconomicsmcannotmbemaddressedmobjectively;mitmmustmbemaddressedmsubjectively.
D m:mThemscientificmmethodmcannotmbemappliedmtomthemstudymofmeconomics.mC
orrectmAnswerm:mB
15 :mIn mconductingmtheirmresearch,meconomistsmfacemanmobstaclemthatmnotmall mscientistsmfac
e;mspecifically,min meconomics,mitmismoften mimpractical mto
Am:mmakemusemof mtheorymandmobservation.
Bm:mrelymupon mthemscientificmmethod.
C m:mconductmlaboratorymexperiments.
D m:mfindmarticlesmormbooksmthatmweremwrittenmbeforem1900.mCorr
ectmAnswerm:mC
16 :mThemusemofmtheorymandmobservationmismmoremdifficultminmeconomicsmthanminmsciencesmsuchm
asmphysicsmduemtomthemdifficultymin
Am:mperformingman mexperimentmin man meconomicmsystem.
Bm:mapplyingmmathematical mmethodsmtomeconomicmanalysis.
C m:manalyzingmavailablemdata.
D m:mformulatingmtheoriesmaboutmeconomicmevents.m
CorrectmAnswerm:mA
17 :mWhich mof mthemfollowingmstatementsmism(are)mcorrect?
Am:mRelativemtomsomemothermscientists,meconomistsmfindmitmmoremdifficultmtomconductmexperiments.
Bm:mTheorymandmobservation maremimportantmin meconomicsmasmwell masmin mothermsciences.
C m:mTomobtain mdata,meconomistsmoften mrelymupon mthemnatural mexperimentsmofferedmbymhistory.
D m:mAll mof mthemabovemaremcorrect.mCorr
ectmAnswerm:mD
18 :mBecausemitmismdifficultmformeconomistsmtomusemexperimentsmtomgeneratemdata,mtheymgenera
llymmust
Am:mdomwithoutmdata.
Bm:msubstitutemassumptionsmformdatamwhen mdatamaremunavailable.
C m:mrelymupon mhypothetical mdatamthatmwerempreviouslymconcoctedmbymothermeconomists.
D m:musemwhatevermdatamthemworldmgivesmthem.mCorr
ectmAnswerm:mD
19m:mWhich mof mthemfollowingmstatementsmismcorrect?
mynursytest.store 3m/m88
MULTIPLE CHOICE
m m m
Edition Mankiw
m
m
m m m
1 :mWhich mof mthemfollowingmismnotmcorrect?
Am:mEconomistsmusemsomemfamiliarmwordsmin mspecializedmways.
Bm:mEconomicsmhasmitsmownmlanguagemandmitsmownmwaymofmthinking,mbutmfewmothermfieldsmof mstud
ymdo.
C m:mSupply,mdemand,melasticity,mcomparativemadvantage,mconsumermsurplus,mandmdeadweightmlos
smaremallmtermsmthatmarempartmof mthemeconomistsmlanguage.
D m:mThemvaluemof mthemeconomistsmlanguagemliesminmitsmabilitymtomprovidemyoumwithmamnew mandmus
eful mwaymof mthinkingmaboutmthemworldmin mwhich myou mlive.
CorrectmAnswerm:mB
2 :mEconomistsmusemsomemfamiliarmtermsmin mspecializedmways
Am:mtommakemthemsubjectmsoundmmoremcomplexmthan mitmis.
Bm:mbecausemeverymrespectablemfieldmof mstudymhasmitsmown mlanguage.
C m:mtomprovidemamnew mandmuseful mwaymof mthinkingmaboutmthemworld.
D m:mbecausemitmwasmtoomdifficultmtomcomemupmwith mnew mterms.m
CorrectmAnswerm:mC
3 :mThemlanguagemof meconomicsmis
Am:mneedlesslymarcane.
Bm:mvaluablembecausemitmprovidesmamnew mandmuseful mwaymof mlearningmaboutmthemworld.
C m:measymtomlearn mwithin mamday.
D m:munnecessarymtomlearnmformamthoroughmunderstandingmof meconomics.mCo
rrectmAnswerm:mB
4 :mStudyingmwhich mof mthemfollowingmismhelpful min mlearningmtomthinkmlikeman meconomist?
Am:mtheory.
Bm:mcasemstudies.
C m:mexamplesmof meconomicsmin mthemnews.
D m:mall mof mthemabove
.
CorrectmAnswerm:mD
mynursytest.store 1m/m
1
,DOWNLO AD TH E Test Bank for Brief Principles of Macroeconomics 8th
MULTIPLE CHOICE
m m m
Edition Mankiw
m
m
m m m
1 :mEconomists,mlikemmathematicians,mphysicists,mandmbiologists,
Am:mmakemusemof mthemscientificmmethod.
Bm:mtrymtomaddressmtheirmsubjectmwith mamscientistsmobjectivity.
C m:mdevisemtheories,mcollectmdata,mandmthenmanalyzemthesemdatamin man mattemptmtomverifymormrefut
emtheirmtheories.
D m:mAll mof mthemabovemaremcorrect.mCorr
ectmAnswerm:mD
2 :mThemessencemof msciencemis
Am:mthemlaboratorymexperiment.
Bm:mthemscientificmmethod.
C m:mthemstudymof mnature,mbutmnotmthemstudymof msociety.
D m:mAll mof mthemabovemaremcorrect.mCorr
ectmAnswerm:mB
3 :mThemscientificmmethodmis
Am:mthemusemof mmodern mtechnologymtomunderstandmthemwaymthemworldmworks.
Bm:mthemusemof mcontrolledmlaboratorymexperimentsmtomunderstandmthemwaymthemworldmworks.
C m:mthemdispassionatemdevelopmentmandmtestingmof mtheoriesmaboutmhow mthemworldmworks.
D m:mthemsearchmformevidencemtomsupportmpreconceivedmtheoriesmaboutmhowmthemworldmworks.mCo
rrectmAnswerm:mC
4 :mThemscientificmmethodmismapplicablemtomstudying
Am:mnatural msciences,mbutmnotmsocial msciences.
Bm:msocial msciences,mbutmnotmnatural msciences.
C m:mboth mnatural msciencesmandmsocial msciences.
D m:mNonemofmthemabovemismcorrect.mCor
rectmAnswerm:mC
5 :mWhomsaid,mThemwholemof msciencemismnothingmmoremthan mthemrefinementmof meverydaymthinking?
Am:mIsaacmNewton
Bm:mAlbertmEinstein
C m:mAdammSmith
D m:mBenjamin mFranklinmCorre
ctmAnswerm:mB
6 :mAlbertmEinstein moncemmademthemfollowingmobservation maboutmscience:
Am:mThemwholemof msciencemismnothingmmoremthan mthemrefinementmof meverydaymthinking.
Bm:mThemwholemof msciencemismnothingmmoremthan man minterestingmintellectual mexercise.
C m:mIn mordermtomunderstandmscience,monemmustmrelymsolelymon mabstraction.
D m:mIn mordermtomunderstandmscience,monemmustmtranscendmeverydaymthinkin
g.mCorrectmAnswerm:mA
7 :mSirmIsaacmNewtonsmdevelopmentmof mthemtheorymof mgravitymaftermobservingman mapplemfall mfromma
mynursytest.store 1m/m8
8
,DOWtrN
eeLO
i sAaD
n eTHm
xa
m EplT
eeos
f t Bank for Brief Principles of Macroeconomics 8th
m m m m m m m m m
A : a controlled experiment that leadEtodi
m m m m m tht
meifoorn
muM
laa
tionnkoifwa scientific theory.
m m
Bm:mbeingmin mthemrightmplacematmthemrightmtime.
C m:man mideamwhosemtimemhadmcome.
D m:mtheminterplaymbetweenmobservationmandmtheoryminmscience.
m CorrectmAnswerm:mD
8 :mWhich mof mthemfollowingmstepsmdoesman meconomistmtakemwhen mstudyingmthemeconomy?
Am:mdevisemtheories
Bm:mcollectmdata
C m:manalyzemdata
D m:mAll mof mthemabovemaremcorrect.mCorr
ectmAnswerm:mD
9 :mWhich mofmthemfollowingmismanmexamplemof musingmthemscientificmmethodmwithmamnatu
ral mexperiment?
Am:mmeasuringmhow mlongmitmtakesmammarblemtomfall mfrommamten mstorymbuilding
Bm:mcomparingmplantmgrowth mwith mandmwithoutmamsoil madditive
C m:mtrackingmthempricemof moil mwhen mamwarmin mthemMiddlemEastminterruptsmthemflow mof mcrudemoil
D m:mobservingmthemreactionmwhenmtwomchemicalsmaremmixedmtogetherm
CorrectmAnswerm:mC
10 :mThemgoal mof man meconomistmwhomformulatesmnew mtheoriesmismto
Am:mprovideman minterestingmframeworkmof manalysis,mwhethermormnotmthemframeworkmturnsmoutmtombe
mof mmuch musemin munderstanding mhow mthemworldmworks.
Bm:mprovokemstimulatingmdebatemin mscientificmjournals.
C m:mcontributemtoman munderstandingmof mhow mthemworldmworks.
D m:mdemonstratemthatmeconomists,mlikemothermscientists,mcan mformulatemtestablemtheories.mC
orrectmAnswerm:mC
11 :mSupposeman meconomistmdevelopsmamtheorymthatmhighermfoodmpricesmarisemfrommhighermgas
mprices.mAccording mtomthemscientificmmethod,mwhichmofmthemfollowing mismthemeconomistsmnextmste
p?
Am:mCollectmandmanalyzemdata.
Bm:mGomtomamlaboratorymandmgeneratemdatamtomtestmthemtheory.
C m:mPublish mthemtheorymwithoutmtestingmit.
D m:mConsultmwith mothermeconomistsmtomseemtheymagreemwith mthemtheory.mCor
rectmAnswerm:mA
12 :mWhich mofmthemfollowingmstatementsmappliesmtomeconomics,masmwellmasmtomothermsciencesmsu
ch masmphysics?
Am:mExperimentsmaremconsideredmvalidmonlymwhen mtheymaremconductedmin mamlaboratory.
Bm:mGoodmtheoriesmdomnotmneedmtombemtested.
C m:mReal-worldmobservationsmoften mleadmtomtheories.
D m:mEconomics,masmwell masmothermsciences,mismconcernedmprimarilymwith mabstractmconcepts.mCorr
ectmAnswerm:mC
13m:mWith mrespectmtomhowmeconomistsmstudymthemeconomy,mwhichmof mthemfollowingmstatementsmis
mynursytest.store 2m/m88
, DOWmNoLstOaAcDcurTatHeE? Test Bank for Brief Principles of Macroeconomics 8th
m m m m m m m
A : Economists study the past, but thEed
m m m m m m yidt
moino
otntryMta
m m on
mpk
rei
dwict the future.
m m
Bm:mEconomistsmusemrulesmof mthumbmtompredictmthemfuture.
C m:mEconomistsmdevisemtheories,mcollectmdata,mandmanalyzemthemdatamtomtestmthemtheories.
D m:mEconomistsmusemcontrolledmexperimentsminmmuchmthemsamemwaymthatmbiologistsmandmphysicist
smdo.
CorrectmAnswerm:mC
14 :mEconomistsmfaceman mobstaclemthatmmanymothermscientistsmdomnotmface.mWhatmismthatmobstacle?
Am:mItmismoften mdifficultmtomformulatemtheoriesmin meconomics.
Bm:mItmismoften mimpractical mtomperformmexperimentsmin meconomics.
C m:mEconomicsmcannotmbemaddressedmobjectively;mitmmustmbemaddressedmsubjectively.
D m:mThemscientificmmethodmcannotmbemappliedmtomthemstudymofmeconomics.mC
orrectmAnswerm:mB
15 :mIn mconductingmtheirmresearch,meconomistsmfacemanmobstaclemthatmnotmall mscientistsmfac
e;mspecifically,min meconomics,mitmismoften mimpractical mto
Am:mmakemusemof mtheorymandmobservation.
Bm:mrelymupon mthemscientificmmethod.
C m:mconductmlaboratorymexperiments.
D m:mfindmarticlesmormbooksmthatmweremwrittenmbeforem1900.mCorr
ectmAnswerm:mC
16 :mThemusemofmtheorymandmobservationmismmoremdifficultminmeconomicsmthanminmsciencesmsuchm
asmphysicsmduemtomthemdifficultymin
Am:mperformingman mexperimentmin man meconomicmsystem.
Bm:mapplyingmmathematical mmethodsmtomeconomicmanalysis.
C m:manalyzingmavailablemdata.
D m:mformulatingmtheoriesmaboutmeconomicmevents.m
CorrectmAnswerm:mA
17 :mWhich mof mthemfollowingmstatementsmism(are)mcorrect?
Am:mRelativemtomsomemothermscientists,meconomistsmfindmitmmoremdifficultmtomconductmexperiments.
Bm:mTheorymandmobservation maremimportantmin meconomicsmasmwell masmin mothermsciences.
C m:mTomobtain mdata,meconomistsmoften mrelymupon mthemnatural mexperimentsmofferedmbymhistory.
D m:mAll mof mthemabovemaremcorrect.mCorr
ectmAnswerm:mD
18 :mBecausemitmismdifficultmformeconomistsmtomusemexperimentsmtomgeneratemdata,mtheymgenera
llymmust
Am:mdomwithoutmdata.
Bm:msubstitutemassumptionsmformdatamwhen mdatamaremunavailable.
C m:mrelymupon mhypothetical mdatamthatmwerempreviouslymconcoctedmbymothermeconomists.
D m:musemwhatevermdatamthemworldmgivesmthem.mCorr
ectmAnswerm:mD
19m:mWhich mof mthemfollowingmstatementsmismcorrect?
mynursytest.store 3m/m88
