DOWNLOAD THE Test Bank for Principles of Microeconomics 9th Edition
TRUE/FALSE k k k
Mankiw
k k k k k
1 :kEconomistsktryktokaddressktheirksubjectkwithkakscientist’skobjectivity.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
2 :kEconomistskdevisektheories,kcollectkdata,kandkthenkanalyzekthesekdatakinkankattemptktokverifykor
krefutektheirktheories.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
3 :kThekscientifickmethodkiskthekdispassionatekdevelopmentkandktestingkofktheorieskaboutkhowkth
ekworldkworks.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
4 :kThekscientifickmethodkcankbekappliedktokthekstudykofkeconomics.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
5 :kWhilekthekscientifickmethodkiskapplicablektokstudyingknaturalksciences,kitkisknotkapplicablektokst
udyingkaknation’skeconomy.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
6 :kForkeconomists,kconductingkexperimentskiskoftenkdifficultkandksometimeskimpossible.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
7 :kEconomistskusuallykhavektokmakekdokwithkwhateverkdatakthekworldkhappensktokgivekthem.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
8 :kItkiskdifficultkforkeconomistsktokmakekobservationskandkdevelopktheories,kbutkitkiskeasykforkec
onomistsktokrunkexperimentsktokgeneratekdataktoktestktheirktheories.
Ak:ktrue
Bk:kfalse
mynursytest.store 1k/k77
,DOWN
CLorOre
AcDt ATnsHwEerT: eB s t Bank for Principles of Microeconomics 9th Edition Mankiw
k k
k k k k k k k k
9 :kSincekeconomistskcannotkuseknaturalkexperimentskofferedkbykhistory,ktheykmustkusekcarefullykc
onstructedklaboratorykexperimentskinstead.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
10 :kHistoricalkepisodeskareknotkvaluablektokeconomists.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
11 :kHistoricalkepisodeskallowkeconomistsktokillustratekandkevaluatekcurrentkeconomicktheories.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
12 :kGoodkassumptionsksimplifykakproblemkwithoutksubstantiallykaffectingkthekanswer.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
13 :kAssumptionskcanksimplifykthekcomplexkworldkandkmakekitkeasierktokunderstand.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
14 :kEconomistskoftenkfindkitkworthwhilektokmakekassumptionskthatkdoknotknecessarilykdescribekth
ekrealkworld.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
15 :kEconomistskusekonekstandardksetkofkassumptionsktokanswerkallkeconomickquestions.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
16 :kEconomickmodelskarekmostkoftenkcomposedkofkdiagramskandkequations.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
17k:kEconomickmodelskomitkmanykdetailsktokallowkusktokseekwhatkisktrulykimportant.
mynursytest.store 2k/k77
,D O W NA L: OtrAueD THE Test Bank for Principles of Microeconomics 9th Edition
k k k k k k k k k k
B : false
k k
Mankiw
CorrectkAnswerk:kA
18 :kEconomickmodelskcankhelpkuskunderstandkrealitykonlykwhenktheykincludekallkdetailskofkthekec
onomy.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
19 :kAnkeconomickmodelkcankaccuratelykexplainkhowkthekeconomykiskorganizedkbecausekitkiskd
esignedktokinclude,ktokthekextentkpossible,kallkfeatureskofkthekrealkworld.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
20 :kAllkscientifickmodels,kincludingkeconomickmodels,ksimplifykrealitykinkorderktokimprovekourku
nderstandingkofkit.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
21 :kThekcircular-
flowkdiagramkexplains,kinkgeneralkterms,khowkthekeconomykiskorganizedkandkhowkparticipantskin
kthekeconomykinteractkwithkonekanother.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
22 :kAkcircular-flowkdiagramkiskakvisualkmodelkofkthekeconomy.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
23 :kThekcircularkflowkmodelkisknotkusedkanymorekbecausekitkfailsktokperfectlykreplicatekrealkworldksit
uations.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
24 :kInkthekcircular-flowkdiagram,khouseholdskandkfirmskarekthekdecisionkmakers.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
25k:kInkthekcircular-flowkdiagram,kfirmskproducekgoodskandkserviceskusingkthekfactorskof
mynursytest.store 3k/k77
, D O W Np rLoOd Au cDt i o Tn .H E Test Bank for Principles of Microeconomics 9th Edition
k k k k k k k k
A : true
k k
Mankiw
Bk:kfalse
CorrectkAnswerk:kA
26 :kInkthekcircular-
flowkdiagram,kfactorskofkproductionkarekthekgoodskandkserviceskproducedkbykfirms.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
27 :kInkthekcircular-flowkdiagram,kfactorskofkproductionkincludekland,klabor,kandkcapital.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
28 :kInkthekcircular-
flowkdiagram,kfirmskownkthekfactorskofkproductionkandkusekthemktokproducekgoodskandkservices.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
29 :kInkthekcircular-flowkdiagram,kfirmskconsumekallkthekgoodskandkserviceskthatktheykproduce.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
30 :kInkthekcircular-
flowkdiagram,kthektwoktypeskofkmarketskinkwhichkhouseholdskandkfirmskinteractkarekthekmark
etskforkgoodskandkserviceskandkthekmarketskforkfactorskofkproduction.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
31 :kInkthekmarketskforkgoodskandkserviceskinkthekcircular-
flowkdiagram,khouseholdskarekbuyerskandkfirmskareksellers.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
32 :kInkthekmarketskforkthekfactorskofkproductionkinkthekcircular-
flowkdiagram,khouseholdskarekbuyerskandkfirmskareksellers.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
mynursytest.store 4k/k77
TRUE/FALSE k k k
Mankiw
k k k k k
1 :kEconomistsktryktokaddressktheirksubjectkwithkakscientist’skobjectivity.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
2 :kEconomistskdevisektheories,kcollectkdata,kandkthenkanalyzekthesekdatakinkankattemptktokverifykor
krefutektheirktheories.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
3 :kThekscientifickmethodkiskthekdispassionatekdevelopmentkandktestingkofktheorieskaboutkhowkth
ekworldkworks.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
4 :kThekscientifickmethodkcankbekappliedktokthekstudykofkeconomics.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
5 :kWhilekthekscientifickmethodkiskapplicablektokstudyingknaturalksciences,kitkisknotkapplicablektokst
udyingkaknation’skeconomy.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
6 :kForkeconomists,kconductingkexperimentskiskoftenkdifficultkandksometimeskimpossible.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
7 :kEconomistskusuallykhavektokmakekdokwithkwhateverkdatakthekworldkhappensktokgivekthem.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
8 :kItkiskdifficultkforkeconomistsktokmakekobservationskandkdevelopktheories,kbutkitkiskeasykforkec
onomistsktokrunkexperimentsktokgeneratekdataktoktestktheirktheories.
Ak:ktrue
Bk:kfalse
mynursytest.store 1k/k77
,DOWN
CLorOre
AcDt ATnsHwEerT: eB s t Bank for Principles of Microeconomics 9th Edition Mankiw
k k
k k k k k k k k
9 :kSincekeconomistskcannotkuseknaturalkexperimentskofferedkbykhistory,ktheykmustkusekcarefullykc
onstructedklaboratorykexperimentskinstead.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
10 :kHistoricalkepisodeskareknotkvaluablektokeconomists.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
11 :kHistoricalkepisodeskallowkeconomistsktokillustratekandkevaluatekcurrentkeconomicktheories.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
12 :kGoodkassumptionsksimplifykakproblemkwithoutksubstantiallykaffectingkthekanswer.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
13 :kAssumptionskcanksimplifykthekcomplexkworldkandkmakekitkeasierktokunderstand.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
14 :kEconomistskoftenkfindkitkworthwhilektokmakekassumptionskthatkdoknotknecessarilykdescribekth
ekrealkworld.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
15 :kEconomistskusekonekstandardksetkofkassumptionsktokanswerkallkeconomickquestions.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
16 :kEconomickmodelskarekmostkoftenkcomposedkofkdiagramskandkequations.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
17k:kEconomickmodelskomitkmanykdetailsktokallowkusktokseekwhatkisktrulykimportant.
mynursytest.store 2k/k77
,D O W NA L: OtrAueD THE Test Bank for Principles of Microeconomics 9th Edition
k k k k k k k k k k
B : false
k k
Mankiw
CorrectkAnswerk:kA
18 :kEconomickmodelskcankhelpkuskunderstandkrealitykonlykwhenktheykincludekallkdetailskofkthekec
onomy.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
19 :kAnkeconomickmodelkcankaccuratelykexplainkhowkthekeconomykiskorganizedkbecausekitkiskd
esignedktokinclude,ktokthekextentkpossible,kallkfeatureskofkthekrealkworld.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
20 :kAllkscientifickmodels,kincludingkeconomickmodels,ksimplifykrealitykinkorderktokimprovekourku
nderstandingkofkit.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
21 :kThekcircular-
flowkdiagramkexplains,kinkgeneralkterms,khowkthekeconomykiskorganizedkandkhowkparticipantskin
kthekeconomykinteractkwithkonekanother.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
22 :kAkcircular-flowkdiagramkiskakvisualkmodelkofkthekeconomy.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
23 :kThekcircularkflowkmodelkisknotkusedkanymorekbecausekitkfailsktokperfectlykreplicatekrealkworldksit
uations.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
24 :kInkthekcircular-flowkdiagram,khouseholdskandkfirmskarekthekdecisionkmakers.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
25k:kInkthekcircular-flowkdiagram,kfirmskproducekgoodskandkserviceskusingkthekfactorskof
mynursytest.store 3k/k77
, D O W Np rLoOd Au cDt i o Tn .H E Test Bank for Principles of Microeconomics 9th Edition
k k k k k k k k
A : true
k k
Mankiw
Bk:kfalse
CorrectkAnswerk:kA
26 :kInkthekcircular-
flowkdiagram,kfactorskofkproductionkarekthekgoodskandkserviceskproducedkbykfirms.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
27 :kInkthekcircular-flowkdiagram,kfactorskofkproductionkincludekland,klabor,kandkcapital.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
28 :kInkthekcircular-
flowkdiagram,kfirmskownkthekfactorskofkproductionkandkusekthemktokproducekgoodskandkservices.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
29 :kInkthekcircular-flowkdiagram,kfirmskconsumekallkthekgoodskandkserviceskthatktheykproduce.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
30 :kInkthekcircular-
flowkdiagram,kthektwoktypeskofkmarketskinkwhichkhouseholdskandkfirmskinteractkarekthekmark
etskforkgoodskandkserviceskandkthekmarketskforkfactorskofkproduction.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
31 :kInkthekmarketskforkgoodskandkserviceskinkthekcircular-
flowkdiagram,khouseholdskarekbuyerskandkfirmskareksellers.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kA
32 :kInkthekmarketskforkthekfactorskofkproductionkinkthekcircular-
flowkdiagram,khouseholdskarekbuyerskandkfirmskareksellers.
Ak:ktrue
Bk:kfalse
CorrectkAnswerk:kB
mynursytest.store 4k/k77