:
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.
ans: 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. ans: 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. ans: 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. ans: 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. ans: 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. ans: c
3 : the scientific method is applicable to studying
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. ans: c
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, 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 ans: 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. ans: a
6 : sir isaac newtons development of the theory of gravity after observing an apple fall from a
dowtrn
eleo
isaadn etxheplte eosf t bank for brief principles of macroeconomics 9th edition
am
a : a controlled experiment that leadetodithteifoorn
mum
laa
tionnkiofwa scientific theory.
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. ans: 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. ans: 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 ans: 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. ans: 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. ans: 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. ans: 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
otntrymt a
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.
ans: 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. ans: 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. ans: 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. ans: 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. ans: 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. ans: 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.
ans: 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. ans: 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. ans: 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. ans: 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. ans: 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. ans: c
3 : the scientific method is applicable to studying
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. ans: c
mynursytest.store
, 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 ans: 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. ans: a
6 : sir isaac newtons development of the theory of gravity after observing an apple fall from a
dowtrn
eleo
isaadn etxheplte eosf t bank for brief principles of macroeconomics 9th edition
am
a : a controlled experiment that leadetodithteifoorn
mum
laa
tionnkiofwa scientific theory.
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. ans: 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. ans: 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 ans: 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. ans: 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. ans: 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. ans: 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
otntrymt a
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.
ans: 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. ans: 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. ans: 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. ans: 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. ans: 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. ans: d
19 : Which of the following statements is correct?
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