ECONOMICS

Test Bank for Macroeconomics 6th Canadian Indicate the answer choice that best completes the statement or answers the question. 1. Compared with the real GDP during a recession, real GDP during a depression: a. increases more rapidly. b. increases at approximately the same rate. c. decreases at approximately the same rate. d. decreases more severely. 2. Which of the following is the best example of a flexible price? a. the price of a cup of coffee in a coffee shop b. the price of gasol...

Test Bank for Sociology in Action 2nd Edition Chapter 1: Training Your Sociological Eye Test Bank Multiple Choice 1. Which of the following studies best describes sociology? a. the study of individual contributions to society b. a scientific study that is interested in society, in particular social relationships c. the study of change within past civilization d. a scientific study of the human mind, especially behavior that affects the mind Ans: B Learning Objective: 1.1: What is soci...

Test Bank for Memory 3rd Edition 1 How did Clive Wearing acquire brain damage? (A) Bike accident (B) Car accident (C) Encephalitis (D) Syphilis (E) Epilepsy Answer: (C) Encephalitis 2 Which element of Clive Wearing’s memory remained relatively intact? (A) Episodic memory formation (B) Delayed recall (C) Memory for music (D) Associative memory encoding (E) Declarative memory formation Answer: (C) Memory for music

1. Economics is BEST defined as the study of how: A) to classify resources used to produce final goods and services. B) resources are apportioned to satisfy human wants. C) people make rational decisions. D) technology can be used to change scarce resources into free resources. 2. The study of economics: A) primarily considers the stock market. B) is about people's decisions regarding their use of scarce resources. C) doesn't apply to decisions made by businesses. D) states efficiency...

PRINCIPLES OF MACRO ECONOMICS 7th EDITION Chapter 1 Economics: The Core Issues 1) Which of the following is not one of the three core economic issues that must be resolved? A) How to produce the goods and services we select. B) What to produce with unlimited resources. C) Who should get the goods and services we produce. D) What to produce with limited resources. Answer: B Difficulty: 2 Medium Topic: Scarcity: The Core Problem Learning Objective: 01-04 The three core econom...

1. Recall Chapter 1's opening story about the British sea captains and the convicted felons. In what way were incentives used to solve the problem of the high mortality rate on board the ships? A) Payment (to ship captains) was to be offered for each prisoner that was taken aboard the ships. B) Payment (to ship captains) was made independent of the regulations passed for prisoner welfare. C) Regulations were passed so that prisoners could get better food, water, and medical care. D) Paymen...

Chapter 1: MANAGERS, PROFITS, AND MARKETS Multiple Choice 1-1 Economic theory is a valuable tool for business decision making because it a. identifies for managers the essential information for making a decision. b. assumes away the problem. c. creates a realistic, complex model of the business firm. d. provides an easy solution to complex business problems. Answer: a Difficulty: 01 Easy Topic: The Economic Way of Thinking about Business Practices and Strategy AACSB: Reflective Thinki...

Chapter 1 Introduction 1.1 Managerial Decision Making 1) Microeconomics studies the allocation of A) decision makers. B) scarce resources. C) models. D) unlimited resources. Answer: B Skill: Definition AACSB: Analytical Thinking Status: Old 2) Society faces trade-offs because of A) government regulations. B) the profit motive. C) price setting by firms. D) scarcity. Answer: D Skill: Conceptual AACSB: Analytical Thinking Status: New 3) Managerial economics A) describes how pa...