:
TEST BANK FOR BRIEF PRINCIPLE OF MACROECONOMICS
9TH EDITION BY MANKIW LATEST EDITION 2025 A+
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,Which Of The Following Is Not Correct?
A : Economists Use Some Familiar Words In Specialized Ways.
B : Economics Has Its Own Language And Its Own Way Of Thinking, But Few Other Fields Of Study Do.
C : Supply, Demand, Elasticity, Comparative Advantage, Consumer Surplus, And Deadweight Loss Are All
Terms That Are Part Of The Economists Language.
D : The Value Of The Economists Language Lies In Its Ability To Provide You With A New And Useful
Way Of Thinking About The World In Which You Live.
ANSWER: B
1 : Economists Use Some Familiar Terms In Specialized Ways
A : To Make The Subject Sound More Complex Than It Is.
B : Because Every Respectable Field Of Study Has Its Own Language.
C : To Provide A New And Useful Way Of Thinking About The World.
D : Because It Was Too Difficult To Come Up With New Terms. ANSWER: C
2 : The Language Of Economics Is
A : Needlessly Arcane.
B : Valuable Because It Provides A New And Useful Way Of Learning About The World.
C : Easy To Learn Within A Day.
D : Unnecessary To Learn For A Thorough Understanding Of Economics. ANSWER: B
3 : Studying Which Of The Following Is Helpful In Learning To Think Like An Economist?
A : Theory.
B : Case Studies.
C : Examples Of Economics In The News.
D : All Of The Above.
C: Economists, Like
Mathematicians,
Physicists, And
Biologists,
A : Make Use Of The Scientific Method.
B : Try To Address Their Subject With A Scientists Objectivity.
C : Devise Theories, Collect Data, And Then Analyze These Data In An Attempt To Verify Or Refute Their
Theories.
D : All Of The Above Are Correct. ANSWER: D
1 : The Essence Of Science Is
A : The Laboratory Experiment.
B : The Scientific Method.
C : The Study Of Nature, But Not The Study Of Society.
D : All Of The Above Are Correct. ANSWER: B
2 : The Scientific Method Is
A : The Use Of Modern Technology To Understand The Way The World Works.
B : The Use Of Controlled Laboratory Experiments To Understand The Way The World Works.
C : The Dispassionate Development And Testing Of Theories About How The World Works.
D : The Search For Evidence To Support Preconceived Theories About How The World Works. ANSWER: C
3 : The Scientific Method Is Applicable To Studying
mynursytest.store
, A : Natural Sciences, But Not Social Sciences.
B : Social Sciences, But Not Natural Sciences.
C : Both Natural Sciences And Social Sciences.
D : None Of The Above Is Correct. ANSWER: C
4 : Who Said, The Whole Of Science Is Nothing More Than The Refinement Of Everyday Thinking?
A : Isaac Newton
B : Albert Einstein
C : Adam Smith
D : Benjamin Franklin ANSWER: B
5 : Albert Einstein Once Made The Following Observation About Science:
A : The Whole Of Science Is Nothing More Than The Refinement Of Everyday Thinking.
B : The Whole Of Science Is Nothing More Than An Interesting Intellectual Exercise.
C : In Order To Understand Science, One Must Rely Solely On Abstraction.
D : In Order To Understand Science, One Must Transcend Everyday Thinking. ANSWER: A
6 : Sir Isaac Newtons Development Of The Theory Of Gravity After Observing An Apple Fall From A
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isaadn Etxheplte Eosf T Bank For Brief Principles Of Macroeconomics 9TH EDITION
am
A : A Controlled Experiment That Leadetodithteifoornmum laa nnkiofwa Scientific Theory.
tio
B : Being In The Right Place At The Right Time.
C : An Idea Whose Time Had Come.
D : The Interplay Between Observation And Theory In Science. ANSWER: D
7 : Which Of The Following Steps Does An Economist Take When Studying The Economy?
A : Devise Theories
B : Collect Data
C : Analyze Data
D : All Of The Above Are Correct. ANSWER: D
8 : Which Of The Following Is An Example Of Using The Scientific Method With A Natural
Experiment?
A : Measuring How Long It Takes A Marble To Fall From A Ten Story Building
B : Comparing Plant Growth With And Without A Soil Additive
C : Tracking The Price Of Oil When A War In The Middle East Interrupts The Flow Of Crude Oil
D : Observing The Reaction When Two Chemicals Are Mixed Together ANSWER: C
9 : The Goal Of An Economist Who Formulates New Theories Is To
A : Provide An Interesting Framework Of Analysis, Whether Or Not The Framework Turns Out To Be Of
Much Use In Understanding How The World Works.
B : Provoke Stimulating Debate In Scientific Journals.
C : Contribute To An Understanding Of How The World Works.
D : Demonstrate That Economists, Like Other Scientists, Can Formulate Testable Theories. ANSWER: C
10 : Suppose An Economist Develops A Theory That Higher Food Prices Arise From Higher Gas Prices.
According To The Scientific Method, Which Of The Following Is The Economists Next Step?
A : Collect And Analyze Data.
B : Go To A Laboratory And Generate Data To Test The Theory.
C : Publish The Theory Without Testing It.
D : Consult With Other Economists To See They Agree With The Theory. ANSWER: A
11 : Which Of The Following Statements Applies To Economics, As Well As To Other Sciences Such As
Physics?
A : Experiments Are Considered Valid Only When They Are Conducted In A Laboratory.
B : Good Theories Do Not Need To Be Tested.
C : Real-World Observations Often Lead To Theories.
D : Economics, As Well As Other Sciences, Is Concerned Primarily With Abstract Concepts. ANSWER: C
13 : With respect to how economists study the economy, which of the following statements is
mynursytest.store
, Dowmnolstoaacdcurtathee?
Test Bank For Brief Principles Of Macroeconomics 9TH EDITION
A : Economists Study The Past, But Theed
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otntrymta
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reidw
ict The Future.
B : Economists Use Rules Of Thumb To Predict The Future.
C : Economists Devise Theories, Collect Data, And Analyze The Data To Test The Theories.
D : Economists Use Controlled Experiments In Much The Same Way That Biologists And Physicists Do.
ANSWER: C
14 : Economists Face An Obstacle That Many Other Scientists Do Not Face. What Is That Obstacle?
A : It Is Often Difficult To Formulate Theories In Economics.
B : It Is Often Impractical To Perform Experiments In Economics.
C : Economics Cannot Be Addressed Objectively; It Must Be Addressed Subjectively.
D : The Scientific Method Cannot Be Applied To The Study Of Economics. ANSWER: B
15 : In Conducting Their Research, Economists Face An Obstacle That Not All Scientists Face;
Specifically, In Economics, It Is Often Impractical To
A : Make Use Of Theory And Observation.
B : Rely Upon The Scientific Method.
C : Conduct Laboratory Experiments.
D : Find Articles Or Books That Were Written Before 1900. ANSWER: C
16 : The Use Of Theory And Observation Is More Difficult In Economics Than In Sciences Such As
Physics Due To The Difficulty In
A : Performing An Experiment In An Economic System.
B : Applying Mathematical Methods To Economic Analysis.
C : Analyzing Available Data.
D : Formulating Theories About Economic Events. ANSWER: A
17 : Which Of The Following Statements Is (Are) Correct?
A : Relative To Some Other Scientists, Economists Find It More Difficult To Conduct Experiments.
B : Theory And Observation Are Important In Economics As Well As In Other Sciences.
C : To Obtain Data, Economists Often Rely Upon The Natural Experiments Offered By History.
D : All Of The Above Are Correct. ANSWER: D
18 : Because It Is Difficult For Economists To Use Experiments To Generate Data, They Generally
Must
A : Do Without Data.
B : Substitute Assumptions For Data When Data Are Unavailable.
C : Rely Upon Hypothetical Data That Were Previously Concocted By Other Economists.
D : Use Whatever Data The World Gives Them. ANSWER: D
19 : Which of the following statements is correct?
mynursytest.store
TEST BANK FOR BRIEF PRINCIPLE OF MACROECONOMICS
9TH EDITION BY MANKIW LATEST EDITION 2025 A+
mynursytest.store
,Which Of The Following Is Not Correct?
A : Economists Use Some Familiar Words In Specialized Ways.
B : Economics Has Its Own Language And Its Own Way Of Thinking, But Few Other Fields Of Study Do.
C : Supply, Demand, Elasticity, Comparative Advantage, Consumer Surplus, And Deadweight Loss Are All
Terms That Are Part Of The Economists Language.
D : The Value Of The Economists Language Lies In Its Ability To Provide You With A New And Useful
Way Of Thinking About The World In Which You Live.
ANSWER: B
1 : Economists Use Some Familiar Terms In Specialized Ways
A : To Make The Subject Sound More Complex Than It Is.
B : Because Every Respectable Field Of Study Has Its Own Language.
C : To Provide A New And Useful Way Of Thinking About The World.
D : Because It Was Too Difficult To Come Up With New Terms. ANSWER: C
2 : The Language Of Economics Is
A : Needlessly Arcane.
B : Valuable Because It Provides A New And Useful Way Of Learning About The World.
C : Easy To Learn Within A Day.
D : Unnecessary To Learn For A Thorough Understanding Of Economics. ANSWER: B
3 : Studying Which Of The Following Is Helpful In Learning To Think Like An Economist?
A : Theory.
B : Case Studies.
C : Examples Of Economics In The News.
D : All Of The Above.
C: Economists, Like
Mathematicians,
Physicists, And
Biologists,
A : Make Use Of The Scientific Method.
B : Try To Address Their Subject With A Scientists Objectivity.
C : Devise Theories, Collect Data, And Then Analyze These Data In An Attempt To Verify Or Refute Their
Theories.
D : All Of The Above Are Correct. ANSWER: D
1 : The Essence Of Science Is
A : The Laboratory Experiment.
B : The Scientific Method.
C : The Study Of Nature, But Not The Study Of Society.
D : All Of The Above Are Correct. ANSWER: B
2 : The Scientific Method Is
A : The Use Of Modern Technology To Understand The Way The World Works.
B : The Use Of Controlled Laboratory Experiments To Understand The Way The World Works.
C : The Dispassionate Development And Testing Of Theories About How The World Works.
D : The Search For Evidence To Support Preconceived Theories About How The World Works. ANSWER: C
3 : The Scientific Method Is Applicable To Studying
mynursytest.store
, A : Natural Sciences, But Not Social Sciences.
B : Social Sciences, But Not Natural Sciences.
C : Both Natural Sciences And Social Sciences.
D : None Of The Above Is Correct. ANSWER: C
4 : Who Said, The Whole Of Science Is Nothing More Than The Refinement Of Everyday Thinking?
A : Isaac Newton
B : Albert Einstein
C : Adam Smith
D : Benjamin Franklin ANSWER: B
5 : Albert Einstein Once Made The Following Observation About Science:
A : The Whole Of Science Is Nothing More Than The Refinement Of Everyday Thinking.
B : The Whole Of Science Is Nothing More Than An Interesting Intellectual Exercise.
C : In Order To Understand Science, One Must Rely Solely On Abstraction.
D : In Order To Understand Science, One Must Transcend Everyday Thinking. ANSWER: A
6 : Sir Isaac Newtons Development Of The Theory Of Gravity After Observing An Apple Fall From A
Dowtrn
eelo
isaadn Etxheplte Eosf T Bank For Brief Principles Of Macroeconomics 9TH EDITION
am
A : A Controlled Experiment That Leadetodithteifoornmum laa nnkiofwa Scientific Theory.
tio
B : Being In The Right Place At The Right Time.
C : An Idea Whose Time Had Come.
D : The Interplay Between Observation And Theory In Science. ANSWER: D
7 : Which Of The Following Steps Does An Economist Take When Studying The Economy?
A : Devise Theories
B : Collect Data
C : Analyze Data
D : All Of The Above Are Correct. ANSWER: D
8 : Which Of The Following Is An Example Of Using The Scientific Method With A Natural
Experiment?
A : Measuring How Long It Takes A Marble To Fall From A Ten Story Building
B : Comparing Plant Growth With And Without A Soil Additive
C : Tracking The Price Of Oil When A War In The Middle East Interrupts The Flow Of Crude Oil
D : Observing The Reaction When Two Chemicals Are Mixed Together ANSWER: C
9 : The Goal Of An Economist Who Formulates New Theories Is To
A : Provide An Interesting Framework Of Analysis, Whether Or Not The Framework Turns Out To Be Of
Much Use In Understanding How The World Works.
B : Provoke Stimulating Debate In Scientific Journals.
C : Contribute To An Understanding Of How The World Works.
D : Demonstrate That Economists, Like Other Scientists, Can Formulate Testable Theories. ANSWER: C
10 : Suppose An Economist Develops A Theory That Higher Food Prices Arise From Higher Gas Prices.
According To The Scientific Method, Which Of The Following Is The Economists Next Step?
A : Collect And Analyze Data.
B : Go To A Laboratory And Generate Data To Test The Theory.
C : Publish The Theory Without Testing It.
D : Consult With Other Economists To See They Agree With The Theory. ANSWER: A
11 : Which Of The Following Statements Applies To Economics, As Well As To Other Sciences Such As
Physics?
A : Experiments Are Considered Valid Only When They Are Conducted In A Laboratory.
B : Good Theories Do Not Need To Be Tested.
C : Real-World Observations Often Lead To Theories.
D : Economics, As Well As Other Sciences, Is Concerned Primarily With Abstract Concepts. ANSWER: C
13 : With respect to how economists study the economy, which of the following statements is
mynursytest.store
, Dowmnolstoaacdcurtathee?
Test Bank For Brief Principles Of Macroeconomics 9TH EDITION
A : Economists Study The Past, But Theed
y Idto Ino
otntrymta
oNpk
reidw
ict The Future.
B : Economists Use Rules Of Thumb To Predict The Future.
C : Economists Devise Theories, Collect Data, And Analyze The Data To Test The Theories.
D : Economists Use Controlled Experiments In Much The Same Way That Biologists And Physicists Do.
ANSWER: C
14 : Economists Face An Obstacle That Many Other Scientists Do Not Face. What Is That Obstacle?
A : It Is Often Difficult To Formulate Theories In Economics.
B : It Is Often Impractical To Perform Experiments In Economics.
C : Economics Cannot Be Addressed Objectively; It Must Be Addressed Subjectively.
D : The Scientific Method Cannot Be Applied To The Study Of Economics. ANSWER: B
15 : In Conducting Their Research, Economists Face An Obstacle That Not All Scientists Face;
Specifically, In Economics, It Is Often Impractical To
A : Make Use Of Theory And Observation.
B : Rely Upon The Scientific Method.
C : Conduct Laboratory Experiments.
D : Find Articles Or Books That Were Written Before 1900. ANSWER: C
16 : The Use Of Theory And Observation Is More Difficult In Economics Than In Sciences Such As
Physics Due To The Difficulty In
A : Performing An Experiment In An Economic System.
B : Applying Mathematical Methods To Economic Analysis.
C : Analyzing Available Data.
D : Formulating Theories About Economic Events. ANSWER: A
17 : Which Of The Following Statements Is (Are) Correct?
A : Relative To Some Other Scientists, Economists Find It More Difficult To Conduct Experiments.
B : Theory And Observation Are Important In Economics As Well As In Other Sciences.
C : To Obtain Data, Economists Often Rely Upon The Natural Experiments Offered By History.
D : All Of The Above Are Correct. ANSWER: D
18 : Because It Is Difficult For Economists To Use Experiments To Generate Data, They Generally
Must
A : Do Without Data.
B : Substitute Assumptions For Data When Data Are Unavailable.
C : Rely Upon Hypothetical Data That Were Previously Concocted By Other Economists.
D : Use Whatever Data The World Gives Them. ANSWER: D
19 : Which of the following statements is correct?
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