TEST BANK Essentials of Economics 10th edition by N. Gregory Mankiw All Chapters 1 - 24

TEST BANK
Essentials of Economics 10th edition
by N. Gregory Mankiw All Chapters 1 - 24




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,Table of Contents.

PartXI:XINTRODUCTION.
1.XTenXPrinciplesXofXEconomics.
2.XThinkingXLikeXanXEconomist.
3.XInterdependenceXandXtheXGainsXfromXTrade.


PartXII:XHOWXMARKETSXWORK.
4.XTheXMarketXForcesXofXSupplyXandXDemand.
5.XElasticityXandXItsXApplication.
6.XSupply,XDemand,XandXGovernmentXPolicies.


PartXIII:XMARKETSXANDXWELFARE.
7.XConsumers,XProducers,XandXtheXEfficiencyXofXMarkets.
8.XApplication:XTheXCostsXofXTaxation.
9.XApplication:XInternationalXTrade.


PartXIV:XTHEXECONOMICSXOFXTHEXPUBLICXSECTOR.
10.XExternalities.
11.XPublicXGoodsXandXCommonXResources.


PartXV:XFirmXBehaviorXandXtheXOrganizationXofXIndustry.

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,12.XTheXCostsXofXProduction.
13.XFirmsXinXCompetitiveXMarkets.
14.XMonopoly.


PartXVI:XTHEXDATAXOFXMACROECONOMICS.
15.XMeasuringXaXNation’sXIncome.
16.XMeasuringXtheXCostXofXLiving.


PartXVII:XTHEXREALXECONOMYXINXTHEXLONGXRUN.
17.XProductionXandXGrowth.
18.XSaving,XInvestment,XandXtheXFinancialXSystem.
19.XTheXBasicXToolsXofXFinance.
20.XUnemploymentXandXItsXNaturalXRate.


PartXVIII:XMONEYXANDXPRICESXINXTHEXLONGXRUN.
21.XTheXMonetaryXSystem.
22.XMoneyXGrowthXandXInflation.
PartXIX:XSHORT-RUNXECONOMICXFLUCTUATIONS.
23.XAggregateXDemandXandXAggregateXSupply.
24.XTheXInfluenceXofXMonetaryXandXFiscalXPolicyXonXAggregateXDemand.




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, 1.XTenXPrinciplesXofXEconomics.

1. TheXEnglishXwordXthatXcomesXfromXtheXGreekXwordXforX"oneXwhoXmanagesXaXhousehold"Xis
a. market.
b. consumer.
c. producer.
d. economy.
ANSWER: d
DIFFICULTY: Easy
LEARNINGXOBJECTIVES:X ECON.MANK.012X-
XApplyXbasic,XeconomicXprinciplesXofXindividualXdecisionX makingXthatXdet
ermineXhowXanXeconomyXgenerallyXworks.
TOPICS: EconomicXthinking
KEYWORDS: BLOOM'S:XKnowledge
CUSTOMXID: 001.01.0X-XMCX-XMANK08


2. TheXwordX“economy”XcomesXfromXtheXGreekXwordXoikonomos,XwhichXmeans
a. “environment.”
b. “production.”
c. “oneXwhoXmanagesXaXhousehold.”
d. “oneXwhoXmakesXdecisions.”
ANSWER: c
DIFFICULTY: Easy
LEARNINGXOBJECTIVES:X ECON.MANK.012X-
XApplyXbasic,XeconomicXprinciplesXofXindividualXdecisionX makingXthatXdet
ermineXhowXanXeconomyXgenerallyXworks.
TOPICS: EconomicXthinking
KEYWORDS: BLOOM'S:XKnowledge
CUSTOMXID: 002.01.0X-XMCX-XMANK08
3. ResourcesXare
a. scarceXforXhouseholdsXbutXplentifulXforXeconomies.
b. plentifulXforXhouseholdsXbutXscarceXforXeconomies.
c. scarceXforXhouseholdsXandXscarceXforXeconomies.
d. plentifulXforXhouseholdsXandXplentifulXforXeconomies.
ANSWER: c
DIFFICULTY: Easy
LEARNINGXOBJECTIVES:X ECON.MANK.012X-
XApplyXbasic,XeconomicXprinciplesXofXindividualXdecisionX makingXthatXdet
ermineXhowXanXeconomyXgenerallyXworks.

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