DOWNLOAD THE Test Bank for Principles of Microeconomics 9th Edition
TRUE/FALSE m m m m
Mankiw
m m m m
1 :mEconomistsmtrymtomaddressmtheirmsubjectmwithmamscientist’smobjectivit
y.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
2 :mEconomistsmdevisemtheories,mcollectmdata,mandmthenmanalyzemthesemdataminmanmattemptmtomve
rifymormrefutemtheirmtheories.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mA
3 :mThemscientificmmethodmismthemdispassionatemdevelopmentmandmtestingmofmtheoriesmaboutmh
owmthemworldmworks.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mA
4 :mThemscientificmmethodmcanmbemappliedmtomthemstudymofmeconomic
s.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
5 :mWhilemthemscientificmmethodmismapplicablemtomstudyingmnaturalmsciences,mitmismnotmapplicable
mtomstudyingmamnation’smeconomy.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mB
6 :mFormeconomists,mconductingmexperimentsmismoftenmdifficultmandmsometimesmimpossibl
e.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
7 :mEconomistsmusuallymhavemtommakemdomwithmwhatevermdatamthemworldmhappensmtomgivemthe
m.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
8 :mItmismdifficultmformeconomistsmtommakemobservationsmandmdevelopmtheories,mbutmitmismeasym
formeconomistsmtomrunmexperimentsmtomgeneratemdatamtomtestmtheirmtheories.
Am:mtruem
Bm:mfalse
mynursytest.store 1m/m68
,DOWN
CLorOre
AcDt ATnsHwEerT: eBst Bank for Principles of Microeconomics 9th Edition Mank
m m
m m m m m m m m
iw
9 :mSincemeconomistsmcannotmusemnaturalmexperimentsmofferedmbymhistory,mtheymmustmusemcarefu
llymconstructedmlaboratorymexperimentsminstead.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mB
10 :mHistoricalmepisodesmaremnotmvaluablemtomeconomist
s.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mB
11 :mHistoricalmepisodesmallowmeconomistsmtomillustratemandmevaluatemcurrentmeconomicmtheorie
s.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
12 :mGoodmassumptionsmsimplifymamproblemmwithoutmsubstantiallymaffectingmthemansw
er.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
13 :mAssumptionsmcanmsimplifymthemcomplexmworldmandmmakemitmeasiermtomunderstan
d.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
14 :mEconomistsmoftenmfindmitmworthwhilemtommakemassumptionsmthatmdomnotmnecessarilymdescri
bemthemrealmworld.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mA
15 :mEconomistsmusemonemstandardmsetmofmassumptionsmtomanswermallmeconomicmquestio
ns.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mB
16 :mEconomicmmodelsmaremmostmoftenmcomposedmofmdiagramsmandmequation
s.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
17m:mEconomicmmodelsmomitmmanymdetailsmtomallowmusmtomseemwhatmismtrulymimportant.
mynursytest.store 2m/m68
,DOWN
AL: OtrA
m D THE Test Bank for Principles of Microeconomics 9th Edition
ue
m m m m m m m m m
B : false
m m
Mankiw
CorrectmAnswerm:m
A
18 :mEconomicmmodelsmcanmhelpmusmunderstandmrealitymonlymwhenmtheymincludemallmdetailsmofmt
hemeconomy.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mB
19 :mAnmeconomicmmodelmcanmaccuratelymexplainmhowmthemeconomymismorganizedmbecausemit
mism
designedmtominclude,mtomthemextentmpossible,mallmfeaturesmofmthemrealmworld.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mB
20 :mAllmscientificmmodels,mincludingmeconomicmmodels,msimplifymrealityminmordermtomimprovemo
urmunderstandingmofmit.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mA
21 :mThemcircular-
flowmdiagrammexplains,minmgeneralmterms,mhowmthemeconomymismorganizedmandmhowmparticipan
tsminmthemeconomyminteractmwithmonemanother.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mA
22 :mAmcircular-
flowmdiagrammismamvisualmmodelmofmthemeconomy.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
23 :mThemcircularmflowmmodelmismnotmusedmanymorembecausemitmfailsmtomperfectlymreplicatemrealmwo
rldmsituations.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mB
24 :mInmthemcircular-
flowmdiagram,mhouseholdsmandmfirmsmaremthemdecisionmmakers.mAm:mtrue
Bm:mfalse
Correct
25 mAnswerm:mA
m:mInmthemcircular-flowm diagram,mfirmsmproducemgoodsmandmservicesmusingmthemfactorsmof
mynursytest.store 3m/m68
, DOWN
prLoO
dA
ucDtioT
n.HE Test Bank for Principles of Microeconomics 9th Edition
m m m m m m m m
A : true m m
Mankiw
mBm:mfals
e
CorrectmAnswerm:m
A
26 :mInmthemcircular-
flowmdiagram,mfactorsmofmproductionmaremthemgoodsmandmservicesmproducedmbymfirms.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mB
27 :mInmthemcircular-
flowmdiagram,mfactorsmofmproductionmincludemland,mlabor,mandmcapital.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
28 :mInmthemcircular-
flowmdiagram,mfirmsmownmthemfactorsmofmproductionmandmusemthemmtomproducemgoodsmandmservi
ces.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mB
29 :mInmthemcircular-
flowmdiagram,mfirmsmconsumemallmthemgoodsmandmservicesmthatmtheymproduce.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mB
30 :mInmthemcircular-
flowmdiagram,mthemtwomtypesmofmmarketsminmwhichmhouseholdsmandmfirmsminteractmaremthem
marketsmformgoodsmandmservicesmandmthemmarketsmformfactorsmofmproduction.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
31 :mInmthemmarketsmformgoodsmandmservicesminmthemcircular-
flowmdiagram,mhouseholdsmarembuyersmandmfirmsmaremsellers.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mA
32 :mInmthemmarketsmformthemfactorsmofmproductionminmthemcircular-
flowmdiagram,mhouseholdsmarembuyersmandmfirmsmaremsellers.
Am:mtruem
Bm:mfalse
mynursytest.store 4m/m68
TRUE/FALSE m m m m
Mankiw
m m m m
1 :mEconomistsmtrymtomaddressmtheirmsubjectmwithmamscientist’smobjectivit
y.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
2 :mEconomistsmdevisemtheories,mcollectmdata,mandmthenmanalyzemthesemdataminmanmattemptmtomve
rifymormrefutemtheirmtheories.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mA
3 :mThemscientificmmethodmismthemdispassionatemdevelopmentmandmtestingmofmtheoriesmaboutmh
owmthemworldmworks.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mA
4 :mThemscientificmmethodmcanmbemappliedmtomthemstudymofmeconomic
s.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
5 :mWhilemthemscientificmmethodmismapplicablemtomstudyingmnaturalmsciences,mitmismnotmapplicable
mtomstudyingmamnation’smeconomy.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mB
6 :mFormeconomists,mconductingmexperimentsmismoftenmdifficultmandmsometimesmimpossibl
e.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
7 :mEconomistsmusuallymhavemtommakemdomwithmwhatevermdatamthemworldmhappensmtomgivemthe
m.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
8 :mItmismdifficultmformeconomistsmtommakemobservationsmandmdevelopmtheories,mbutmitmismeasym
formeconomistsmtomrunmexperimentsmtomgeneratemdatamtomtestmtheirmtheories.
Am:mtruem
Bm:mfalse
mynursytest.store 1m/m68
,DOWN
CLorOre
AcDt ATnsHwEerT: eBst Bank for Principles of Microeconomics 9th Edition Mank
m m
m m m m m m m m
iw
9 :mSincemeconomistsmcannotmusemnaturalmexperimentsmofferedmbymhistory,mtheymmustmusemcarefu
llymconstructedmlaboratorymexperimentsminstead.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mB
10 :mHistoricalmepisodesmaremnotmvaluablemtomeconomist
s.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mB
11 :mHistoricalmepisodesmallowmeconomistsmtomillustratemandmevaluatemcurrentmeconomicmtheorie
s.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
12 :mGoodmassumptionsmsimplifymamproblemmwithoutmsubstantiallymaffectingmthemansw
er.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
13 :mAssumptionsmcanmsimplifymthemcomplexmworldmandmmakemitmeasiermtomunderstan
d.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
14 :mEconomistsmoftenmfindmitmworthwhilemtommakemassumptionsmthatmdomnotmnecessarilymdescri
bemthemrealmworld.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mA
15 :mEconomistsmusemonemstandardmsetmofmassumptionsmtomanswermallmeconomicmquestio
ns.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mB
16 :mEconomicmmodelsmaremmostmoftenmcomposedmofmdiagramsmandmequation
s.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
17m:mEconomicmmodelsmomitmmanymdetailsmtomallowmusmtomseemwhatmismtrulymimportant.
mynursytest.store 2m/m68
,DOWN
AL: OtrA
m D THE Test Bank for Principles of Microeconomics 9th Edition
ue
m m m m m m m m m
B : false
m m
Mankiw
CorrectmAnswerm:m
A
18 :mEconomicmmodelsmcanmhelpmusmunderstandmrealitymonlymwhenmtheymincludemallmdetailsmofmt
hemeconomy.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mB
19 :mAnmeconomicmmodelmcanmaccuratelymexplainmhowmthemeconomymismorganizedmbecausemit
mism
designedmtominclude,mtomthemextentmpossible,mallmfeaturesmofmthemrealmworld.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mB
20 :mAllmscientificmmodels,mincludingmeconomicmmodels,msimplifymrealityminmordermtomimprovemo
urmunderstandingmofmit.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mA
21 :mThemcircular-
flowmdiagrammexplains,minmgeneralmterms,mhowmthemeconomymismorganizedmandmhowmparticipan
tsminmthemeconomyminteractmwithmonemanother.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mA
22 :mAmcircular-
flowmdiagrammismamvisualmmodelmofmthemeconomy.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
23 :mThemcircularmflowmmodelmismnotmusedmanymorembecausemitmfailsmtomperfectlymreplicatemrealmwo
rldmsituations.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mB
24 :mInmthemcircular-
flowmdiagram,mhouseholdsmandmfirmsmaremthemdecisionmmakers.mAm:mtrue
Bm:mfalse
Correct
25 mAnswerm:mA
m:mInmthemcircular-flowm diagram,mfirmsmproducemgoodsmandmservicesmusingmthemfactorsmof
mynursytest.store 3m/m68
, DOWN
prLoO
dA
ucDtioT
n.HE Test Bank for Principles of Microeconomics 9th Edition
m m m m m m m m
A : true m m
Mankiw
mBm:mfals
e
CorrectmAnswerm:m
A
26 :mInmthemcircular-
flowmdiagram,mfactorsmofmproductionmaremthemgoodsmandmservicesmproducedmbymfirms.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mB
27 :mInmthemcircular-
flowmdiagram,mfactorsmofmproductionmincludemland,mlabor,mandmcapital.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
28 :mInmthemcircular-
flowmdiagram,mfirmsmownmthemfactorsmofmproductionmandmusemthemmtomproducemgoodsmandmservi
ces.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mB
29 :mInmthemcircular-
flowmdiagram,mfirmsmconsumemallmthemgoodsmandmservicesmthatmtheymproduce.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mB
30 :mInmthemcircular-
flowmdiagram,mthemtwomtypesmofmmarketsminmwhichmhouseholdsmandmfirmsminteractmaremthem
marketsmformgoodsmandmservicesmandmthemmarketsmformfactorsmofmproduction.mAm:mtrue
Bm:mfalse
CorrectmAnswerm:mA
31 :mInmthemmarketsmformgoodsmandmservicesminmthemcircular-
flowmdiagram,mhouseholdsmarembuyersmandmfirmsmaremsellers.
Am:mtruem
Bm:mfalse
CorrectmAnswerm:mA
32 :mInmthemmarketsmformthemfactorsmofmproductionminmthemcircular-
flowmdiagram,mhouseholdsmarembuyersmandmfirmsmaremsellers.
Am:mtruem
Bm:mfalse
mynursytest.store 4m/m68
