Macroeconomics Test Bank

Chapter 3 Interdependence and the Gains from Trade MULTIPLE CHOICE 1. People who provide you with goods and services a. b. c. d. ANS: B NAT: Analytic TOP: Trade ANS: NAT: TOP: a. b. c. d. rely upon the government to provide us with the basic necessities of life. rely upon one another for the goods and services we consume. have similar tastes and abilities. are concerned about one another’s well-being. B PTS: 1 DIF: 1 REF: 3-0 Analytic LOC: Gains from trade, specialization and trade...

Chapter 3 Interdependence and the Gains from Trade MULTIPLE CHOICE 1. People who provide you with goods and services a. b. c. d. ANS: B NAT: Analytic TOP: Trade ANS: NAT: TOP: are acting out of generosity. do so because they get something in return. have chosen not to become interdependent. are required to do so by the government. PTS: 1 DIF: 1 REF: 3-0 LOC: Gains from trade, specialization and trade MSC: Definitional 2. When an economist points out that you and millions of other peo...