Economics
12th Edition
ST
TEST BANK
UV
IA
_A
David Colander
PP
────────────────────────────────────────────────────
RO
Comprehensive Test Bank for Instructors
and Students
VE
© David Colander.
D
All rights reserved. Reproduction or distribution without permission is prohibited.
?
© BooksbyMed
, Test Bank for Economics (12th Edition)
David Colander
ISBN: 9781266691195
Part I – Thinking Like an Economist
Chapter 1. Economics and Economic Reasoning
Chapter 2. The Production Possibility Model, Trade, and Globalization
ST
Chapter 3. Economic Institutions
Chapter 4. Supply and Demand
Chapter 5. Using Supply and Demand
UV
Part II – Microeconomics: The Power of Traditional Economic Models
Chapter 6. Describing Supply and Demand: Elasticities
Chapter 7. Taxation and Government Intervention
Chapter 8. Market Failure versus Government Failure
IA
International Economic Policy Issues
Chapter 9. Comparative Advantage, Exchange Rates, and Globalization
_A
Chapter 10. International Trade Policy
Production and Cost Analysis
Chapter 11. Production and Cost Analysis I
PP
Chapter 12. Production and Cost Analysis II
Market Structure
Chapter 13. Perfect Competition
RO
Chapter 14. Monopoly and Monopolistic Competition
Chapter 15. Oligopoly and Antitrust Policy
Chapter 15W. Politics and Economics: The Case of Agricultural Markets
Chapter 16. Real-World Competition and Technology
VE
Factor Markets
Chapter 17. Work and the Labor Market
Chapter 18. Who Gets What? The Distribution of Income
D
Choice and Decision Making
Chapter 19. The Logic of Individual Choice
?
Chapter 20. Game Theory, Strategic Decision Making, and Behavioral
Economics
Modern Economic Thinking
Chapter 21. Thinking Like a Modern Economist
Chapter 22. Behavioral Economics and Modern Economic Policy
Chapter 23. Microeconomic Policy, Economic Reasoning, and Beyond
© BooksbyMed
, Part III – Macroeconomics
Macroeconomic Basics
Chapter 24. Economic Growth, Business Cycles, and Unemployment
Chapter 25. Measuring and Describing the Aggregate Economy
Policy Models
Chapter 26. The Keynesian Short-Run Policy Model: Demand-Side Policies
Chapter 26W. The Multiplier Model
ST
Chapter 27. The Classical Long-Run Policy Model: Growth and Supply-Side
Policies
Finance, Money, and the Economy
UV
Chapter 28. The Financial Sector and the Economy
Chapter 29. Conventional Monetary Policy
Chapter 30. Financial Crises, Regulation, and the Crypto Challenge
IA
Taxes, Budgets, and Fiscal Policy
Chapter 31. Deficits and Debt: The Austerity Debate
Chapter 32. The Fiscal Policy Dilemma
_A
Macroeconomic Problems
Chapter 33. Jobs and Unemployment
Chapter 34. Inflation, Deflation, and Macro Policy
PP
International Macroeconomic Policy Issues
Chapter 35. International Financial Policy
Chapter 36. Macro Policy in a Global Setting
RO
Chapter 37. Structural Stagnation, Globalization, and the Post-COVID Blues
Chapter 38. Macro Policy in Developing Countries
VE
D ?
© BooksbyMed
, Student name:__________
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) The answers to an economy's three central economic problems are determined by the
interaction of three forces: economic forces, political forces, and social forces.
⊚ true
⊚ false
ST
2) Scarcity exists because economies cannot produce enough to meet the perceived desires of
all individuals.
⊚ true
UV
⊚ false
3) Only marginal costs, not sunk costs, affect economic decisions if individuals are rational.
⊚ true
IA
⊚ false
4) The economic decision rule is to undertake an action only when the marginal benefits of that
action are greater than its total costs.
_A
⊚ true
⊚ false
5) The opportunity cost of undertaking an activity includes any sunk cost.
PP
⊚ true
⊚ false
RO
6) The "invisible hand" is the price mechanism that guides people’s actions in the market.
⊚ true
⊚ false
7) Social and political forces affect the way in which the invisible hand works.
VE
⊚ true
⊚ false
8) Macroeconomics is the study of how individual choices are affected by economic forces.
D?
⊚ true
⊚ false
Version 1 1
12th Edition
ST
TEST BANK
UV
IA
_A
David Colander
PP
────────────────────────────────────────────────────
RO
Comprehensive Test Bank for Instructors
and Students
VE
© David Colander.
D
All rights reserved. Reproduction or distribution without permission is prohibited.
?
© BooksbyMed
, Test Bank for Economics (12th Edition)
David Colander
ISBN: 9781266691195
Part I – Thinking Like an Economist
Chapter 1. Economics and Economic Reasoning
Chapter 2. The Production Possibility Model, Trade, and Globalization
ST
Chapter 3. Economic Institutions
Chapter 4. Supply and Demand
Chapter 5. Using Supply and Demand
UV
Part II – Microeconomics: The Power of Traditional Economic Models
Chapter 6. Describing Supply and Demand: Elasticities
Chapter 7. Taxation and Government Intervention
Chapter 8. Market Failure versus Government Failure
IA
International Economic Policy Issues
Chapter 9. Comparative Advantage, Exchange Rates, and Globalization
_A
Chapter 10. International Trade Policy
Production and Cost Analysis
Chapter 11. Production and Cost Analysis I
PP
Chapter 12. Production and Cost Analysis II
Market Structure
Chapter 13. Perfect Competition
RO
Chapter 14. Monopoly and Monopolistic Competition
Chapter 15. Oligopoly and Antitrust Policy
Chapter 15W. Politics and Economics: The Case of Agricultural Markets
Chapter 16. Real-World Competition and Technology
VE
Factor Markets
Chapter 17. Work and the Labor Market
Chapter 18. Who Gets What? The Distribution of Income
D
Choice and Decision Making
Chapter 19. The Logic of Individual Choice
?
Chapter 20. Game Theory, Strategic Decision Making, and Behavioral
Economics
Modern Economic Thinking
Chapter 21. Thinking Like a Modern Economist
Chapter 22. Behavioral Economics and Modern Economic Policy
Chapter 23. Microeconomic Policy, Economic Reasoning, and Beyond
© BooksbyMed
, Part III – Macroeconomics
Macroeconomic Basics
Chapter 24. Economic Growth, Business Cycles, and Unemployment
Chapter 25. Measuring and Describing the Aggregate Economy
Policy Models
Chapter 26. The Keynesian Short-Run Policy Model: Demand-Side Policies
Chapter 26W. The Multiplier Model
ST
Chapter 27. The Classical Long-Run Policy Model: Growth and Supply-Side
Policies
Finance, Money, and the Economy
UV
Chapter 28. The Financial Sector and the Economy
Chapter 29. Conventional Monetary Policy
Chapter 30. Financial Crises, Regulation, and the Crypto Challenge
IA
Taxes, Budgets, and Fiscal Policy
Chapter 31. Deficits and Debt: The Austerity Debate
Chapter 32. The Fiscal Policy Dilemma
_A
Macroeconomic Problems
Chapter 33. Jobs and Unemployment
Chapter 34. Inflation, Deflation, and Macro Policy
PP
International Macroeconomic Policy Issues
Chapter 35. International Financial Policy
Chapter 36. Macro Policy in a Global Setting
RO
Chapter 37. Structural Stagnation, Globalization, and the Post-COVID Blues
Chapter 38. Macro Policy in Developing Countries
VE
D ?
© BooksbyMed
, Student name:__________
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) The answers to an economy's three central economic problems are determined by the
interaction of three forces: economic forces, political forces, and social forces.
⊚ true
⊚ false
ST
2) Scarcity exists because economies cannot produce enough to meet the perceived desires of
all individuals.
⊚ true
UV
⊚ false
3) Only marginal costs, not sunk costs, affect economic decisions if individuals are rational.
⊚ true
IA
⊚ false
4) The economic decision rule is to undertake an action only when the marginal benefits of that
action are greater than its total costs.
_A
⊚ true
⊚ false
5) The opportunity cost of undertaking an activity includes any sunk cost.
PP
⊚ true
⊚ false
RO
6) The "invisible hand" is the price mechanism that guides people’s actions in the market.
⊚ true
⊚ false
7) Social and political forces affect the way in which the invisible hand works.
VE
⊚ true
⊚ false
8) Macroeconomics is the study of how individual choices are affected by economic forces.
D?
⊚ true
⊚ false
Version 1 1
