Test Bank For Macroeconomics, 17th Edition Canadian
Edition By Christopher Ragan 100% Grade A+ Latest
Update
, Table Of Content
Chapter 1 Economic Issues And Concepts
Chapter 2 Economic Theories, Data, And Graphs
Chapter 3 Demand, Supply, And Price
Chapter 4 Elasticity
Chapter 5 Markets In Action
Chapter 6 Consumer Behaviour
Chapter 7 Producers In The Short Run
Chapter 8 Producers In The Long Run
Chapter 9 Competitive Markets
Chapter 10 Monopoly, Cartels, And Price Discrimination
Chapter 11 Imperfect Competition
Chapter 12 Economic Efficiency And Public Policy
Chapter 13 How Factor Markets Work
Chapter 14 Labour Markets
Chapter 15 Interest Rates And The Capital Market
Chapter 16 Market Failures And Government Intervention
Chapter 17 The Economics Of Environmental Protection
Chapter 18 Taxation And Public Expenditure
Chapter 19 What Macroeconomics Is All About
Chapter 20 The Measurement Of National Income
Chapter 21 The Simplest Short-Run Macro Model
Chapter 22 Adding Government And Trade To The Simple Macro Model
Chapter 23 Output And Prices In The Short Run
Chapter 24 From The Short Run To The Long Run: The Adjustment Of Factor Prices
Chapter 25 The Difference Between Short-Run And Long-Run Macroeconomics
Chapter 26 Long-Run Economic Growth
Chapter 27 Money And Banking
Chapter 28 Money, Interest Rates, And Economic Activity
Chapter 29 Monetary Policy In Canada
Chapter 30 Inflation And Disinflation
Chapter 31 Unemployment Fluctuations And The NAIRU
Chapter 32 Government Debt And Deficits
Chapter 33 The Gains From International Trade
Chapter 34 Trade Policy
Chapter 35 Exchange Rates And The Balance Of Payments
Chapter 36W Challenges Facing The Developing Countries [Chapter Opener Only].
,Microeconomics - Canadian Edition, 17e
Chapter 1 Economic Issues And Concepts
1.1 What Is Economics?
1) Which Of The Following Statements Provides The Best Definition Of Economics?
A) The Study Of The Most Equitable Distribution Of Scarce Resources.
B) The Study Of The Use Of Scarce Resources To Satisfy Unlimited Human Wants.
C) The Study Of The Production Of Goods And Services.
D) The Study Of The Productive Capacity Of A Nation's Factors Of Production.
E) The Study Of Production And Increasing Its
Efficiency. Answer: B
Diff: 1 Type: MC
Topic: 1.1a.
Economics/Resources Skill:
Recall
Learning Obj.: 1-1 Explain The Importance Of Scarcity, Choice, And Opportunity Cost, And
How Each Is Illustrated By The Production Possibilities Boundary.
Category: Qualitative
2) Society's Resources Are Often Divided Into Broad Categories. They Are
A) Goods And Services.
B) Factors Of Consumption.
C) Land, Labour, And Capital.
D) Population And Natural Resources.
E) Tangible Commodities And Intangible
Commodities. Answer: C
Diff: 1 Type: MC
Topic: 1.1a.
Economics/Resources Skill:
Recall
Learning Obj.: 1-1 Explain The Importance Of Scarcity, Choice, And Opportunity Cost, And
How Each Is Illustrated By The Production Possibilities Boundary.
Category: Qualitative
, 3) Consider The Following List: A Worker With Training In Video Gaming Technology, 10
Hectares OfArable Land In Southern Ontario, A Fishing Trawler In Nova Scotia, An Ice-Cream
Truck At A Park In Quebec. Each Of These Is An Example Of
A) A Factor Of Production.
B) A Capital Resource.
C) A Commodity.
D) Goods And Services.
E) An Economic
Service. Answer: A
Diff: 1 Type: MC
Topic: 1.1a.
Economics/Resources Skill:
Applied
Learning Obj.: 1-1 Explain The Importance Of Scarcity, Choice, And Opportunity Cost, And
How Each Is Illustrated By The Production Possibilities Boundary.
Category: Qualitative
4) Which Of The Following Is NOT Considered A "Factor Of Production" In Economics?
A) The Espresso Machine At Your Local Cafe
B) The Barista Who Makes The Coffee
C) The Espresso Drink You Purchase
D) The Wood Stir Sticks
E) The Land On Which The
Cafe Sits Answer: C
Diff: 2 Type: MC
Topic: 1.1a.
Economics/Resources Skill:
Applied
Learning Obj.: 1-1 Explain The Importance Of Scarcity, Choice, And Opportunity Cost, And
How Each Is Illustrated By The Production Possibilities Boundary.
Category: Qualitative
Edition By Christopher Ragan 100% Grade A+ Latest
Update
, Table Of Content
Chapter 1 Economic Issues And Concepts
Chapter 2 Economic Theories, Data, And Graphs
Chapter 3 Demand, Supply, And Price
Chapter 4 Elasticity
Chapter 5 Markets In Action
Chapter 6 Consumer Behaviour
Chapter 7 Producers In The Short Run
Chapter 8 Producers In The Long Run
Chapter 9 Competitive Markets
Chapter 10 Monopoly, Cartels, And Price Discrimination
Chapter 11 Imperfect Competition
Chapter 12 Economic Efficiency And Public Policy
Chapter 13 How Factor Markets Work
Chapter 14 Labour Markets
Chapter 15 Interest Rates And The Capital Market
Chapter 16 Market Failures And Government Intervention
Chapter 17 The Economics Of Environmental Protection
Chapter 18 Taxation And Public Expenditure
Chapter 19 What Macroeconomics Is All About
Chapter 20 The Measurement Of National Income
Chapter 21 The Simplest Short-Run Macro Model
Chapter 22 Adding Government And Trade To The Simple Macro Model
Chapter 23 Output And Prices In The Short Run
Chapter 24 From The Short Run To The Long Run: The Adjustment Of Factor Prices
Chapter 25 The Difference Between Short-Run And Long-Run Macroeconomics
Chapter 26 Long-Run Economic Growth
Chapter 27 Money And Banking
Chapter 28 Money, Interest Rates, And Economic Activity
Chapter 29 Monetary Policy In Canada
Chapter 30 Inflation And Disinflation
Chapter 31 Unemployment Fluctuations And The NAIRU
Chapter 32 Government Debt And Deficits
Chapter 33 The Gains From International Trade
Chapter 34 Trade Policy
Chapter 35 Exchange Rates And The Balance Of Payments
Chapter 36W Challenges Facing The Developing Countries [Chapter Opener Only].
,Microeconomics - Canadian Edition, 17e
Chapter 1 Economic Issues And Concepts
1.1 What Is Economics?
1) Which Of The Following Statements Provides The Best Definition Of Economics?
A) The Study Of The Most Equitable Distribution Of Scarce Resources.
B) The Study Of The Use Of Scarce Resources To Satisfy Unlimited Human Wants.
C) The Study Of The Production Of Goods And Services.
D) The Study Of The Productive Capacity Of A Nation's Factors Of Production.
E) The Study Of Production And Increasing Its
Efficiency. Answer: B
Diff: 1 Type: MC
Topic: 1.1a.
Economics/Resources Skill:
Recall
Learning Obj.: 1-1 Explain The Importance Of Scarcity, Choice, And Opportunity Cost, And
How Each Is Illustrated By The Production Possibilities Boundary.
Category: Qualitative
2) Society's Resources Are Often Divided Into Broad Categories. They Are
A) Goods And Services.
B) Factors Of Consumption.
C) Land, Labour, And Capital.
D) Population And Natural Resources.
E) Tangible Commodities And Intangible
Commodities. Answer: C
Diff: 1 Type: MC
Topic: 1.1a.
Economics/Resources Skill:
Recall
Learning Obj.: 1-1 Explain The Importance Of Scarcity, Choice, And Opportunity Cost, And
How Each Is Illustrated By The Production Possibilities Boundary.
Category: Qualitative
, 3) Consider The Following List: A Worker With Training In Video Gaming Technology, 10
Hectares OfArable Land In Southern Ontario, A Fishing Trawler In Nova Scotia, An Ice-Cream
Truck At A Park In Quebec. Each Of These Is An Example Of
A) A Factor Of Production.
B) A Capital Resource.
C) A Commodity.
D) Goods And Services.
E) An Economic
Service. Answer: A
Diff: 1 Type: MC
Topic: 1.1a.
Economics/Resources Skill:
Applied
Learning Obj.: 1-1 Explain The Importance Of Scarcity, Choice, And Opportunity Cost, And
How Each Is Illustrated By The Production Possibilities Boundary.
Category: Qualitative
4) Which Of The Following Is NOT Considered A "Factor Of Production" In Economics?
A) The Espresso Machine At Your Local Cafe
B) The Barista Who Makes The Coffee
C) The Espresso Drink You Purchase
D) The Wood Stir Sticks
E) The Land On Which The
Cafe Sits Answer: C
Diff: 2 Type: MC
Topic: 1.1a.
Economics/Resources Skill:
Applied
Learning Obj.: 1-1 Explain The Importance Of Scarcity, Choice, And Opportunity Cost, And
How Each Is Illustrated By The Production Possibilities Boundary.
Category: Qualitative
