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ED
OV
PR
AP
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UVI
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, TABLE OF CONTENTS
Test Bank: Principles of Microeconomics, 11th Edition
Author: Gregory Mankiw
ST
Part I. Introduction
U
Chapter 1. Ten Principles of Economics
Chapter 2. Thinking Like an Economist
VI
Chapter 3. Interdependence and the Gains from Trade
Part II. How Markets Work
A
Chapter 4. The Market Forces of Supply and Demand
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Chapter 5. Elasticity and Its Application
Chapter 6. Supply, Demand, and Government Policies
Part III. Markets and Welfare
AP
Chapter 7. Consumers, Producers, and the Efficiency Of Markets
Chapter 8. Application: The Costs of Taxation
Chapter 9. Application: International Trade
PR
Part IV. The Economics of the Public Sector
Chapter 10. Externalities
Chapter 11. Public Goods and Common Resources
OV
Chapter 12. The Economics of Healthcare
Chapter 13. The Design of the Tax System
Part V. Firm Behavior and the Organization of Industry
ED
Chapter 14. The Costs of Production
Chapter 15. Firms in Competitive Markets
Chapter 16. Monopoly
?
Chapter 17. Monopolistic Competition
?
Chapter 18. Oligopoly
Part VI. The Economics of Labor Markets
Chapter 19. The Markets for the Factors of Production
, Chapter 20. Earnings and Discrimination
Chapter 21. Income Inequality and Poverty
Part VII. Topics for Further Study
Chapter 22. The Theory of Consumer Choice
ST
Chapter 23. Frontiers of Microeconomics
U
VI
A ?_
AP
PR
OV
ED
??
, Name: Class: Date:
Ch 01: MC
1. Resources are
a. scarce for households but plentiful for economies.
ST
b. plentiful for households but scarce for economies.
c. scarce for households and scarce for economies.
d. plentiful for households and plentiful for economies.
ANSWER: c
U
2. Fundamentally, economics deals with
a. scarcity.
VI
b. money.
c. poverty.
d. banking.
A
ANSWER: a
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3. The overriding reason why households and societies face many decisions is that
a. resources are scarce.
b. goods and services are not scarce.
c. incomes fluctuate with business cycles.
AP
d. people, by nature, tend to disagree.
ANSWER: a
4. The phenomenon of scarcity stems from the fact that
PR
a. most economies' production methods are not very good.
b. in most economies, wealthy people consume disproportionate quantities of goods and services.
c. governments restrict production of too many goods and services.
d. resources are limited.
OV
ANSWER: d
5. In most societies, resources are allocated by
a. a single central planner.
b. a small number of central planners.
ED
c. those firms that use resources to provide goods and services.
d. the combined actions of millions of households and firms.
ANSWER: d
? ?
ED
OV
PR
AP
A?_
UVI
ST
, TABLE OF CONTENTS
Test Bank: Principles of Microeconomics, 11th Edition
Author: Gregory Mankiw
ST
Part I. Introduction
U
Chapter 1. Ten Principles of Economics
Chapter 2. Thinking Like an Economist
VI
Chapter 3. Interdependence and the Gains from Trade
Part II. How Markets Work
A
Chapter 4. The Market Forces of Supply and Demand
?_
Chapter 5. Elasticity and Its Application
Chapter 6. Supply, Demand, and Government Policies
Part III. Markets and Welfare
AP
Chapter 7. Consumers, Producers, and the Efficiency Of Markets
Chapter 8. Application: The Costs of Taxation
Chapter 9. Application: International Trade
PR
Part IV. The Economics of the Public Sector
Chapter 10. Externalities
Chapter 11. Public Goods and Common Resources
OV
Chapter 12. The Economics of Healthcare
Chapter 13. The Design of the Tax System
Part V. Firm Behavior and the Organization of Industry
ED
Chapter 14. The Costs of Production
Chapter 15. Firms in Competitive Markets
Chapter 16. Monopoly
?
Chapter 17. Monopolistic Competition
?
Chapter 18. Oligopoly
Part VI. The Economics of Labor Markets
Chapter 19. The Markets for the Factors of Production
, Chapter 20. Earnings and Discrimination
Chapter 21. Income Inequality and Poverty
Part VII. Topics for Further Study
Chapter 22. The Theory of Consumer Choice
ST
Chapter 23. Frontiers of Microeconomics
U
VI
A ?_
AP
PR
OV
ED
??
, Name: Class: Date:
Ch 01: MC
1. Resources are
a. scarce for households but plentiful for economies.
ST
b. plentiful for households but scarce for economies.
c. scarce for households and scarce for economies.
d. plentiful for households and plentiful for economies.
ANSWER: c
U
2. Fundamentally, economics deals with
a. scarcity.
VI
b. money.
c. poverty.
d. banking.
A
ANSWER: a
?_
3. The overriding reason why households and societies face many decisions is that
a. resources are scarce.
b. goods and services are not scarce.
c. incomes fluctuate with business cycles.
AP
d. people, by nature, tend to disagree.
ANSWER: a
4. The phenomenon of scarcity stems from the fact that
PR
a. most economies' production methods are not very good.
b. in most economies, wealthy people consume disproportionate quantities of goods and services.
c. governments restrict production of too many goods and services.
d. resources are limited.
OV
ANSWER: d
5. In most societies, resources are allocated by
a. a single central planner.
b. a small number of central planners.
ED
c. those firms that use resources to provide goods and services.
d. the combined actions of millions of households and firms.
ANSWER: d
? ?
