TESTBANK
EssentialsofEconbyN.GregoryMankiwAllChapters
1-24omics9thedition
Page1
,TableofContents.
PartI:INTRODUCTION.
1. Ten Principlesof Economics.
2. ThinkingLikean Economist.
3. Interdependenceand theGainsfrom Trade.
PartII:HOWMARKETS WORK.
4. The Market Forcesof Supply andDemand.
5. ElasticityandIts Application.
6. Supply, Demand,and Government Policies.
PartIII:MARKETSAND WELFARE.
7. Consumers, Producers, andthe Efficiency of Markets.
8. Application:The Costs of Taxation.
9. Application:International Trade.
PartIV:THE ECONOMICS OFTHEPUBLICSECTOR.
10. Externalities.
11. Public Goods andCommon Resources.
Part V:Firm Behaviorand theOrganization of Industry.
Page2
,12. The Costs ofProduction.
13. Firms inCompetitive Markets.
14. Monopoly.
Part VI:THE DATAOFMACROECONOMICS.
15. Measuring aNation’s Income.
16. Measuring theCost of Living.
Part VII:THEREAL ECONOMYIN THELONG RUN.
17. Production andGrowth.
18. Saving, Investment, andthe FinancialSystem.
19. The Basic Tools ofFinance.
20. Unemployment and Its Natural Rate.
Part VIII:MONEYAND PRICES INTHE LONG RUN.
21. The Monetary System.
22. Money Growth and Inflation.
PartIX:SHORT-RUNECONOMIC FLUCTUATIONS.
23. Aggregate Demand and AggregateSupply.
24. The Influence ofMonetary andFiscalPolicy onAggregateDemand.
Page3
, 1. Ten Principlesof Economics.
1. The Englishwordthat comesfrom the Greekwordfor "onewhomanages a household" is
a. market.
b. consumer.
c. producer.
d. economy.
ANSWER: d
DIFFICULTY: Easy
LEARNING OBJECTIVES: ECON.MANK.012 -Apply basic, economic principlesof individual decision makingthat
determine how aneconomy generally works.
TOPICS: Economicthinking
KEYWORDS: BLOOM'S: Knowledge
CUSTOM ID: 001.01.0 -MC -MANK08
2. The word“economy”comesfrom the Greekword oikonomos, whichmeans
a. “environment.”
b. “production.”
c. “one whomanages a household.”
d. “one whomakes decisions.”
ANSWER: c
DIFFICULTY: Easy
LEARNING OBJECTIVES: ECON.MANK.012 -Apply basic, economic principlesof individual decision makingthat
determine how aneconomy generally works.
TOPICS: Economicthinking
KEYWORDS: BLOOM'S: Knowledge
CUSTOM ID: 002.01.0 -MC -MANK08
3. Resources are
a. scarce for households but plentiful foreconomies.
b. plentiful for households but scarce foreconomies.
c. scarce for households andscarce for economies.
d. plentiful for households andplentiful for economies.
ANSWER: c
DIFFICULTY: Easy
LEARNING OBJECTIVES: ECON.MANK.012 -Apply basic, economic principlesof individual decision makingthat
determine how aneconomy generally works.
TOPICS: Economicthinking
Scarcity
KEYWORDS: BLOOM'S: Comprehension
Page4
EssentialsofEconbyN.GregoryMankiwAllChapters
1-24omics9thedition
Page1
,TableofContents.
PartI:INTRODUCTION.
1. Ten Principlesof Economics.
2. ThinkingLikean Economist.
3. Interdependenceand theGainsfrom Trade.
PartII:HOWMARKETS WORK.
4. The Market Forcesof Supply andDemand.
5. ElasticityandIts Application.
6. Supply, Demand,and Government Policies.
PartIII:MARKETSAND WELFARE.
7. Consumers, Producers, andthe Efficiency of Markets.
8. Application:The Costs of Taxation.
9. Application:International Trade.
PartIV:THE ECONOMICS OFTHEPUBLICSECTOR.
10. Externalities.
11. Public Goods andCommon Resources.
Part V:Firm Behaviorand theOrganization of Industry.
Page2
,12. The Costs ofProduction.
13. Firms inCompetitive Markets.
14. Monopoly.
Part VI:THE DATAOFMACROECONOMICS.
15. Measuring aNation’s Income.
16. Measuring theCost of Living.
Part VII:THEREAL ECONOMYIN THELONG RUN.
17. Production andGrowth.
18. Saving, Investment, andthe FinancialSystem.
19. The Basic Tools ofFinance.
20. Unemployment and Its Natural Rate.
Part VIII:MONEYAND PRICES INTHE LONG RUN.
21. The Monetary System.
22. Money Growth and Inflation.
PartIX:SHORT-RUNECONOMIC FLUCTUATIONS.
23. Aggregate Demand and AggregateSupply.
24. The Influence ofMonetary andFiscalPolicy onAggregateDemand.
Page3
, 1. Ten Principlesof Economics.
1. The Englishwordthat comesfrom the Greekwordfor "onewhomanages a household" is
a. market.
b. consumer.
c. producer.
d. economy.
ANSWER: d
DIFFICULTY: Easy
LEARNING OBJECTIVES: ECON.MANK.012 -Apply basic, economic principlesof individual decision makingthat
determine how aneconomy generally works.
TOPICS: Economicthinking
KEYWORDS: BLOOM'S: Knowledge
CUSTOM ID: 001.01.0 -MC -MANK08
2. The word“economy”comesfrom the Greekword oikonomos, whichmeans
a. “environment.”
b. “production.”
c. “one whomanages a household.”
d. “one whomakes decisions.”
ANSWER: c
DIFFICULTY: Easy
LEARNING OBJECTIVES: ECON.MANK.012 -Apply basic, economic principlesof individual decision makingthat
determine how aneconomy generally works.
TOPICS: Economicthinking
KEYWORDS: BLOOM'S: Knowledge
CUSTOM ID: 002.01.0 -MC -MANK08
3. Resources are
a. scarce for households but plentiful foreconomies.
b. plentiful for households but scarce foreconomies.
c. scarce for households andscarce for economies.
d. plentiful for households andplentiful for economies.
ANSWER: c
DIFFICULTY: Easy
LEARNING OBJECTIVES: ECON.MANK.012 -Apply basic, economic principlesof individual decision makingthat
determine how aneconomy generally works.
TOPICS: Economicthinking
Scarcity
KEYWORDS: BLOOM'S: Comprehension
Page4
