TEST,BANK
Essentials,of,Econ,by,N.,Gregory,Mankiw,All,Chapte
rs,1,-,24omics,9th,edition
Page,1
,Table,of,Contents.
Part,I:,INTRODUCTION.
1.,Ten,Principles,of,Economics.
2.,Thinking,Like,an,Economist.
3.,Interdependence,and,the,Gains,from,Trade.
Part,II:,HOW,MARKETS,WORK.
4.,The,Market,Forces,of,Supply,and,Demand.
5.,Elasticity,and,Its,Application.
6.,Supply,,Demand,,and,Government,Policies.
Part,III:,MARKETS,AND,WELFARE.
7.,Consumers,,Producers,,and,the,Efficiency,of,Markets.
8.,Application:,The,Costs,of,Taxation.
9.,Application:,International,Trade.
Part,IV:,THE,ECONOMICS,OF,THE,PUBLIC,SECTOR.
10.,Externalities.
11.,Public,Goods,and,Common,Resources.
Part,V:,Firm,Behavior,and,the,Organization,of,Industry.
Page,2
,12.,The,Costs,of,Production.
13.,Firms,in,Competitive,Markets.
14.,Monopoly.
Part,VI:,THE,DATA,OF,MACROECONOMICS.
15.,Measuring,a,Nation’s,Income.
16.,Measuring,the,Cost,of,Living.
Part,VII:,THE,REAL,ECONOMY,IN,THE,LONG,RUN.
17.,Production,and,Growth.
18.,Saving,,Investment,,and,the,Financial,System.
19.,The,Basic,Tools,of,Finance.
20.,Unemployment,and,Its,Natural,Rate.
Part,VIII:,MONEY,AND,PRICES,IN,THE,LONG,RUN.
21.,The,Monetary,System.
22.,Money,Growth,and,Inflation.
Part,IX:,SHORT-RUN,ECONOMIC,FLUCTUATIONS.
23.,Aggregate,Demand,and,Aggregate,Supply.
24.,The,Influence,of,Monetary,and,Fiscal,Policy,on,Aggregate,Demand.
Page,3
, 1.,Ten,Principles,of,Economics.
1. The,English,word,that,comes,from,the,Greek,word,for,"one,who,manages,a,household",is
a. market.
b. consumer.
c. producer.
d. economy.
ANSWER: d
DIFFICULTY: Easy
LEARNING,OBJECTIVES:, ECON.MANK.012,-
,Apply,basic,,economic,principles,of,individual,decision, making,that,deter
mine,how,an,economy,generally,works.
TOPICS: Economic,thinking
KEYWORDS: BLOOM'S:,Knowledge
CUSTOM,ID: 001.01.0,-,MC,-,MANK08
2. The,word,“economy”,comes,from,the,Greek,word,oikonomos,,which,means
a. “environment.”
b. “production.”
c. “one,who,manages,a,household.”
d. “one,who,makes,decisions.”
ANSWER: c
DIFFICULTY: Easy
LEARNING,OBJECTIVES:, ECON.MANK.012,-
,Apply,basic,,economic,principles,of,individual,decision, making,that,deter
mine,how,an,economy,generally,works.
TOPICS: Economic,thinking
KEYWORDS: BLOOM'S:,Knowledge
CUSTOM,ID: 002.01.0,-,MC,-,MANK08
3. Resources,are
a. scarce,for,households,but,plentiful,for,economies.
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
DIFFICULTY: Easy
LEARNING,OBJECTIVES:, ECON.MANK.012,-
,Apply,basic,,economic,principles,of,individual,decision, making,that,deter
Page,4
Essentials,of,Econ,by,N.,Gregory,Mankiw,All,Chapte
rs,1,-,24omics,9th,edition
Page,1
,Table,of,Contents.
Part,I:,INTRODUCTION.
1.,Ten,Principles,of,Economics.
2.,Thinking,Like,an,Economist.
3.,Interdependence,and,the,Gains,from,Trade.
Part,II:,HOW,MARKETS,WORK.
4.,The,Market,Forces,of,Supply,and,Demand.
5.,Elasticity,and,Its,Application.
6.,Supply,,Demand,,and,Government,Policies.
Part,III:,MARKETS,AND,WELFARE.
7.,Consumers,,Producers,,and,the,Efficiency,of,Markets.
8.,Application:,The,Costs,of,Taxation.
9.,Application:,International,Trade.
Part,IV:,THE,ECONOMICS,OF,THE,PUBLIC,SECTOR.
10.,Externalities.
11.,Public,Goods,and,Common,Resources.
Part,V:,Firm,Behavior,and,the,Organization,of,Industry.
Page,2
,12.,The,Costs,of,Production.
13.,Firms,in,Competitive,Markets.
14.,Monopoly.
Part,VI:,THE,DATA,OF,MACROECONOMICS.
15.,Measuring,a,Nation’s,Income.
16.,Measuring,the,Cost,of,Living.
Part,VII:,THE,REAL,ECONOMY,IN,THE,LONG,RUN.
17.,Production,and,Growth.
18.,Saving,,Investment,,and,the,Financial,System.
19.,The,Basic,Tools,of,Finance.
20.,Unemployment,and,Its,Natural,Rate.
Part,VIII:,MONEY,AND,PRICES,IN,THE,LONG,RUN.
21.,The,Monetary,System.
22.,Money,Growth,and,Inflation.
Part,IX:,SHORT-RUN,ECONOMIC,FLUCTUATIONS.
23.,Aggregate,Demand,and,Aggregate,Supply.
24.,The,Influence,of,Monetary,and,Fiscal,Policy,on,Aggregate,Demand.
Page,3
, 1.,Ten,Principles,of,Economics.
1. The,English,word,that,comes,from,the,Greek,word,for,"one,who,manages,a,household",is
a. market.
b. consumer.
c. producer.
d. economy.
ANSWER: d
DIFFICULTY: Easy
LEARNING,OBJECTIVES:, ECON.MANK.012,-
,Apply,basic,,economic,principles,of,individual,decision, making,that,deter
mine,how,an,economy,generally,works.
TOPICS: Economic,thinking
KEYWORDS: BLOOM'S:,Knowledge
CUSTOM,ID: 001.01.0,-,MC,-,MANK08
2. The,word,“economy”,comes,from,the,Greek,word,oikonomos,,which,means
a. “environment.”
b. “production.”
c. “one,who,manages,a,household.”
d. “one,who,makes,decisions.”
ANSWER: c
DIFFICULTY: Easy
LEARNING,OBJECTIVES:, ECON.MANK.012,-
,Apply,basic,,economic,principles,of,individual,decision, making,that,deter
mine,how,an,economy,generally,works.
TOPICS: Economic,thinking
KEYWORDS: BLOOM'S:,Knowledge
CUSTOM,ID: 002.01.0,-,MC,-,MANK08
3. Resources,are
a. scarce,for,households,but,plentiful,for,economies.
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
DIFFICULTY: Easy
LEARNING,OBJECTIVES:, ECON.MANK.012,-
,Apply,basic,,economic,principles,of,individual,decision, making,that,deter
Page,4
