MacrogEconomygTodayg16thgEditiongbygSchillergCH01g
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g
g
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g
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g
g
1g
ANSWERSgAREgLOCATEDgINgTHEgSECONDgPARTgOFgTHISgDOCUMENTg
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Scarcitygresultsgwhengavailablegresourcesgcannotgsatisfygallgdesiredgusesgofgthoseg
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1)g______
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⊚g
trueg
g
⊚g
falseg
g
QuestiongDetailsg
AACSBg:gReflectivegThinkingg
Accessibilityg:gKeyboardgNavigationg
Bloom'sg:gUnderstandg
Difficultyg:g2gMediumg
Topicg:gScarcity:gThegCoregProblemg
LearninggObjectiveg:g01-01gWhatgscarcitygis.g
Accessibilityg:gScreengReadergCompatibleg
g
g
2)g
Criticsgofggovernmentgregulationgarguegthatggovernmentginterferencegingthegmarketplaceg
stiflesgtheg"animalgspirits"gofgentrepreneurship.g
2)g______
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⊚g
trueg
g
⊚g
falseg
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QuestiongDetailsg
AACSBg:gReflectivegThinkingg
Accessibilityg:gKeyboardgNavigationg
,Bloom'sg:gUnderstandg
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LearninggObjectiveg:g01-
05gHowgmarketgandggovernmentgapproachesgtogeconomicgproblemsgdiffer.g
Topicg:gThegMechanismsgofgChoiceg
Accessibilityg:gScreengReadergCompatibleg
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3)g
Opportunitygcostgisgagtheoreticalgconceptgwithgnogpracticalgapplication.g
3)g______
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⊚g
trueg
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⊚g
falseg
DOWNLOADgTHEgTestgBankgforgMacrogEconomygTodayg16thgEditiongSchiller
mynursytest.store
MacrogEconomygTodayg16thgEditiongbygSchillergCH01g
Versiong1g
g
g
g
g
g
g
g
g
g
g
2g
g
QuestiongDetailsg
AACSBg:gReflectivegThinkingg
Accessibilityg:gKeyboardgNavigationg
Bloom'sg:gUnderstandg
Difficultyg:g2gMediumg
Topicg:gScarcity:gThegCoregProblemg
LearninggObjectiveg:g01-02gHowgscarcitygcreatesgopportunitygcosts.g
Accessibilityg:gScreengReadergCompatibleg
g
g
4)g
Everygtimegwegusegscarcegresourcesgingonegway,gweggivegupgthegopportunitygtogusegthemgi
ng
othergways.g
4)g______
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⊚g
,trueg
g
⊚g
falseg
g
QuestiongDetailsg
AACSBg:gReflectivegThinkingg
Accessibilityg:gKeyboardgNavigationg
Bloom'sg:gUnderstandg
Difficultyg:g2gMediumg
Topicg:gScarcity:gThegCoregProblemg
LearninggObjectiveg:g01-02gHowgscarcitygcreatesgopportunitygcosts.g
Accessibilityg:gScreengReadergCompatibleg
g
g
5)g
Productiongpossibilitiesgingangeconomygdecreasegasgmoregresourcesgandgbettergtechnology
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aregutilized.g
5)g______
g
⊚g
trueg
g
⊚g
falseg
g
QuestiongDetailsg
AACSBg:gReflectivegThinkingg
Accessibilityg:gKeyboardgNavigationg
Bloom'sg:gUnderstandg
Difficultyg:g2gMediumg
Topicg:gProductiongPossibilitiesg
LearninggObjectiveg:g01-03gWhatgthegproduction-possibilitiesgcurvegrepresents.g
Accessibilityg:gScreengReadergCompatibleg
g
g
DOWNLOADgTHEgTestgBankgforgMacrogEconomygTodayg16thgEditiongSchiller
mynursytest.store
MacrogEconomygTodayg16thgEditiongbygSchillergCH01g
Versiong1g
g
g
g
g
g
g
g
g
g
g
, 3g
6)g
Allgoutputgcombinationsgthatgliegoutsidegagproductiongpossibilitiesgcurvegaregattainableg
withgavailablegresourcesgandgtechnology.g
6)g______
g
⊚g
trueg
g
⊚g
falseg
g
QuestiongDetailsg
AACSBg:gReflectivegThinkingg
Accessibilityg:gKeyboardgNavigationg
Bloom'sg:gUnderstandg
Difficultyg:g2gMediumg
Topicg:gProductiongPossibilitiesg
LearninggObjectiveg:g01-03gWhatgthegproduction-possibilitiesgcurvegrepresents.g
Accessibilityg:gScreengReadergCompatibleg
g
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7)g
Outputgcombinationsgthatglieginsidegthegproductiongpossibilitiesgcurvegaregcharacterizedgb
yg
efficientgusegofgresources.g
7)g______
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⊚g
trueg
g
⊚g
falseg
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QuestiongDetailsg
AACSBg:gReflectivegThinkingg
Accessibilityg:gKeyboardgNavigationg
Bloom'sg:gUnderstandg
Difficultyg:g2gMediumg
Topicg:gProductiongPossibilitiesg
LearninggObjectiveg:g01-03gWhatgthegproduction-possibilitiesgcurvegrepresents.g
Accessibilityg:gScreengReadergCompatibleg
g
g
8)g
Ifgthegeconomygisginsidegthegproductiongpossibilitiesgcurve,gthengmoregoutputgcangbeg
producedgusinggexistinggresources.g
Versiong1g
g
g
g
g
g
g
g
g
g
g
1g
ANSWERSgAREgLOCATEDgINgTHEgSECONDgPARTgOFgTHISgDOCUMENTg
TRUE/FALSEg-gWriteg'T'gifgthegstatementgisgtruegandg'F'gifgthegstatementgisgfalse.g
1)g
Scarcitygresultsgwhengavailablegresourcesgcannotgsatisfygallgdesiredgusesgofgthoseg
resources.g
1)g______
g
⊚g
trueg
g
⊚g
falseg
g
QuestiongDetailsg
AACSBg:gReflectivegThinkingg
Accessibilityg:gKeyboardgNavigationg
Bloom'sg:gUnderstandg
Difficultyg:g2gMediumg
Topicg:gScarcity:gThegCoregProblemg
LearninggObjectiveg:g01-01gWhatgscarcitygis.g
Accessibilityg:gScreengReadergCompatibleg
g
g
2)g
Criticsgofggovernmentgregulationgarguegthatggovernmentginterferencegingthegmarketplaceg
stiflesgtheg"animalgspirits"gofgentrepreneurship.g
2)g______
g
⊚g
trueg
g
⊚g
falseg
g
QuestiongDetailsg
AACSBg:gReflectivegThinkingg
Accessibilityg:gKeyboardgNavigationg
,Bloom'sg:gUnderstandg
Difficultyg:g2gMediumg
LearninggObjectiveg:g01-
05gHowgmarketgandggovernmentgapproachesgtogeconomicgproblemsgdiffer.g
Topicg:gThegMechanismsgofgChoiceg
Accessibilityg:gScreengReadergCompatibleg
g
g
3)g
Opportunitygcostgisgagtheoreticalgconceptgwithgnogpracticalgapplication.g
3)g______
g
⊚g
trueg
g
⊚g
falseg
DOWNLOADgTHEgTestgBankgforgMacrogEconomygTodayg16thgEditiongSchiller
mynursytest.store
MacrogEconomygTodayg16thgEditiongbygSchillergCH01g
Versiong1g
g
g
g
g
g
g
g
g
g
g
2g
g
QuestiongDetailsg
AACSBg:gReflectivegThinkingg
Accessibilityg:gKeyboardgNavigationg
Bloom'sg:gUnderstandg
Difficultyg:g2gMediumg
Topicg:gScarcity:gThegCoregProblemg
LearninggObjectiveg:g01-02gHowgscarcitygcreatesgopportunitygcosts.g
Accessibilityg:gScreengReadergCompatibleg
g
g
4)g
Everygtimegwegusegscarcegresourcesgingonegway,gweggivegupgthegopportunitygtogusegthemgi
ng
othergways.g
4)g______
g
⊚g
,trueg
g
⊚g
falseg
g
QuestiongDetailsg
AACSBg:gReflectivegThinkingg
Accessibilityg:gKeyboardgNavigationg
Bloom'sg:gUnderstandg
Difficultyg:g2gMediumg
Topicg:gScarcity:gThegCoregProblemg
LearninggObjectiveg:g01-02gHowgscarcitygcreatesgopportunitygcosts.g
Accessibilityg:gScreengReadergCompatibleg
g
g
5)g
Productiongpossibilitiesgingangeconomygdecreasegasgmoregresourcesgandgbettergtechnology
g
aregutilized.g
5)g______
g
⊚g
trueg
g
⊚g
falseg
g
QuestiongDetailsg
AACSBg:gReflectivegThinkingg
Accessibilityg:gKeyboardgNavigationg
Bloom'sg:gUnderstandg
Difficultyg:g2gMediumg
Topicg:gProductiongPossibilitiesg
LearninggObjectiveg:g01-03gWhatgthegproduction-possibilitiesgcurvegrepresents.g
Accessibilityg:gScreengReadergCompatibleg
g
g
DOWNLOADgTHEgTestgBankgforgMacrogEconomygTodayg16thgEditiongSchiller
mynursytest.store
MacrogEconomygTodayg16thgEditiongbygSchillergCH01g
Versiong1g
g
g
g
g
g
g
g
g
g
g
, 3g
6)g
Allgoutputgcombinationsgthatgliegoutsidegagproductiongpossibilitiesgcurvegaregattainableg
withgavailablegresourcesgandgtechnology.g
6)g______
g
⊚g
trueg
g
⊚g
falseg
g
QuestiongDetailsg
AACSBg:gReflectivegThinkingg
Accessibilityg:gKeyboardgNavigationg
Bloom'sg:gUnderstandg
Difficultyg:g2gMediumg
Topicg:gProductiongPossibilitiesg
LearninggObjectiveg:g01-03gWhatgthegproduction-possibilitiesgcurvegrepresents.g
Accessibilityg:gScreengReadergCompatibleg
g
g
7)g
Outputgcombinationsgthatglieginsidegthegproductiongpossibilitiesgcurvegaregcharacterizedgb
yg
efficientgusegofgresources.g
7)g______
g
⊚g
trueg
g
⊚g
falseg
g
QuestiongDetailsg
AACSBg:gReflectivegThinkingg
Accessibilityg:gKeyboardgNavigationg
Bloom'sg:gUnderstandg
Difficultyg:g2gMediumg
Topicg:gProductiongPossibilitiesg
LearninggObjectiveg:g01-03gWhatgthegproduction-possibilitiesgcurvegrepresents.g
Accessibilityg:gScreengReadergCompatibleg
g
g
8)g
Ifgthegeconomygisginsidegthegproductiongpossibilitiesgcurve,gthengmoregoutputgcangbeg
producedgusinggexistinggresources.g