20/09/2020 TestnBanknPrinciplesnofnMacroeconomics,n8thnCanadiannEditionnManki
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Test Bank Principles of Macroeconomics, 8th Canadian EditionMankiw
n n n n n n n n
Quantity:
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,20/09/2020 TestnBanknPrinciplesnofnMacroeconomics,n8thnCanadiannEditionnManki
w
1
1. WhichnwordncomesnfromnthenGreeknwordnforn“onenwhonmanagesnanhousehold”?
2. market b.nbank
c.ngovernment d.neconomy
ANSWER:nd
1. Fromnwhichnofnthenfollowingnisnthenwordn“economy”nderived?
2. onenwhonconsumesngoods b.nonenwhonmanagesnanhousehold
c.nonenwhonparticipatesninnanmarketnn d.nonenwhongovernsnancountry
ANSWER:nb
1. Whatndonhouseholdsnandneconomiesnhaveninncommon?
2. Theynbothnmustnallocatenscarcenresources.
3. Theynbothnfacendifficultiesnsavingnmoney.
4. Theynbothnmustnsellnthengoodsnandnservicesntheynproduce.
5. Theynbothnmustnhavenancentralndecisionnmaker.
ANSWER:na
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 2/55
, 2.nscarcity b.npoverty
20/09/2020 TestnBanknPrinciplesnofnMacroeconomics,n8thnCanadiannEditionnManki
w
c.nchange d.npower
ANSWER:na
1. Whatn isn NOTnincludedninnthen decisionsn thatn everyn societyn mustn make?
2. whatngoodsnwillnbenproduced b.nwhonwillnproducenthengoods
c.nwhatndeterminesnconsumernpreferencesnn d.nwhonwillnconsumenthengoods
ANSWER:nc
1. Whyndonbothnhouseholdsnandnsocietiesnfacenmanyndecisions?
2. Resourcesnarenscarce.
3. Populationsnmaynfluctuatenoverntime.
4. Wagesnfornhouseholdsnandnthereforensocietynfluctuatenwithnbusinessncycles.
5. People,nbynnature,ntendntondisagree.
ANSWER:na
1. Whennisnangoodnconsiderednscarceninnansociety?
2. whennmorenoutputnofnthengoodnisnpossible
3. whenneveryoneninnthatnsocietyncannotnhavenallntheynwantnofnthengood
4. whennthengovernmentnrestrictsnproductionnofnthengood
5. whennonlynthenrichestnpeopleninntheneconomyncannbuynallntheynwantnofnthengood
ANSWER:nb
1. Whenndoesnscarcitynexist?
2. whenntherenisnlessnthannanninfinitenamountnofnanresourcenorngood
3. whennsocietyncannmeetnthenwantsnofneverynindividual
4. whenntherenisnlessnofnangoodnornresourcenavailablenthannpeoplenwishntonhave
5. whennthengovernmentnfailsntonproducengoods
ANSWER:nc
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 3/55
, 1.nHownarengoodsnandnservicesnallocatedninnanmarketneconomy?
2.nbyngovernmentndecisions
20/09/2020 TestnBanknPrinciplesnofnMacroeconomics,n8thnCanadiannEditionnManki
w
3.nbyngivingneachnindividualnjustnenoughnfornandecentnstandardnofnliving
4. bynthenactionsnofnallnfirmsnandnconsumers
5. byninheritednrightsnandnproperties
ANSWER:nc
10. Approximatelynwhatnpercentagenofnthenworld’sneconomiesnexperiencenscarcity?na.n30nnn b.n45
nc.n60 d.n100
ANSWER:nd
11. Whatn isnann economyn experiencing n whenn an societyn cannotn producen allnthen goodsn andn servicesn peoplen wishnton have?
1.nscarcity b.neconomicngrowth
c.ncompetition d.nmarketnfailure
ANSWER:na
12.Fornsociety,nwhennisnangoodnNOTnscarce?
1. ifnatnleastnonenindividualninnsocietyncannobtainnallnhenornshenwantsnofnthengood
2. ifnfirmsnarenproducingnatnfullncapacity
3. ifnallnmembersnofnsocietyncannhavenallntheynwantnofnthengood
4. ifnthosenwhonhavenenoughnincomencannbuynallntheynwantnofnthengood
ANSWER:nc
13.Whichngoodnbestnmeetsnthendefinitionnofnscarcity?
1. air b.nwaterninnthenocean
c.nelectricityninnancitynnn d.nwoodninnanforest
ANSWER:nc
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 4/55
w
Test Bank Principles of Macroeconomics, 8th Canadian EditionMankiw
n n n n n n n n
Quantity:
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 1/55
,20/09/2020 TestnBanknPrinciplesnofnMacroeconomics,n8thnCanadiannEditionnManki
w
1
1. WhichnwordncomesnfromnthenGreeknwordnforn“onenwhonmanagesnanhousehold”?
2. market b.nbank
c.ngovernment d.neconomy
ANSWER:nd
1. Fromnwhichnofnthenfollowingnisnthenwordn“economy”nderived?
2. onenwhonconsumesngoods b.nonenwhonmanagesnanhousehold
c.nonenwhonparticipatesninnanmarketnn d.nonenwhongovernsnancountry
ANSWER:nb
1. Whatndonhouseholdsnandneconomiesnhaveninncommon?
2. Theynbothnmustnallocatenscarcenresources.
3. Theynbothnfacendifficultiesnsavingnmoney.
4. Theynbothnmustnsellnthengoodsnandnservicesntheynproduce.
5. Theynbothnmustnhavenancentralndecisionnmaker.
ANSWER:na
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 2/55
, 2.nscarcity b.npoverty
20/09/2020 TestnBanknPrinciplesnofnMacroeconomics,n8thnCanadiannEditionnManki
w
c.nchange d.npower
ANSWER:na
1. Whatn isn NOTnincludedninnthen decisionsn thatn everyn societyn mustn make?
2. whatngoodsnwillnbenproduced b.nwhonwillnproducenthengoods
c.nwhatndeterminesnconsumernpreferencesnn d.nwhonwillnconsumenthengoods
ANSWER:nc
1. Whyndonbothnhouseholdsnandnsocietiesnfacenmanyndecisions?
2. Resourcesnarenscarce.
3. Populationsnmaynfluctuatenoverntime.
4. Wagesnfornhouseholdsnandnthereforensocietynfluctuatenwithnbusinessncycles.
5. People,nbynnature,ntendntondisagree.
ANSWER:na
1. Whennisnangoodnconsiderednscarceninnansociety?
2. whennmorenoutputnofnthengoodnisnpossible
3. whenneveryoneninnthatnsocietyncannotnhavenallntheynwantnofnthengood
4. whennthengovernmentnrestrictsnproductionnofnthengood
5. whennonlynthenrichestnpeopleninntheneconomyncannbuynallntheynwantnofnthengood
ANSWER:nb
1. Whenndoesnscarcitynexist?
2. whenntherenisnlessnthannanninfinitenamountnofnanresourcenorngood
3. whennsocietyncannmeetnthenwantsnofneverynindividual
4. whenntherenisnlessnofnangoodnornresourcenavailablenthannpeoplenwishntonhave
5. whennthengovernmentnfailsntonproducengoods
ANSWER:nc
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 3/55
, 1.nHownarengoodsnandnservicesnallocatedninnanmarketneconomy?
2.nbyngovernmentndecisions
20/09/2020 TestnBanknPrinciplesnofnMacroeconomics,n8thnCanadiannEditionnManki
w
3.nbyngivingneachnindividualnjustnenoughnfornandecentnstandardnofnliving
4. bynthenactionsnofnallnfirmsnandnconsumers
5. byninheritednrightsnandnproperties
ANSWER:nc
10. Approximatelynwhatnpercentagenofnthenworld’sneconomiesnexperiencenscarcity?na.n30nnn b.n45
nc.n60 d.n100
ANSWER:nd
11. Whatn isnann economyn experiencing n whenn an societyn cannotn producen allnthen goodsn andn servicesn peoplen wishnton have?
1.nscarcity b.neconomicngrowth
c.ncompetition d.nmarketnfailure
ANSWER:na
12.Fornsociety,nwhennisnangoodnNOTnscarce?
1. ifnatnleastnonenindividualninnsocietyncannobtainnallnhenornshenwantsnofnthengood
2. ifnfirmsnarenproducingnatnfullncapacity
3. ifnallnmembersnofnsocietyncannhavenallntheynwantnofnthengood
4. ifnthosenwhonhavenenoughnincomencannbuynallntheynwantnofnthengood
ANSWER:nc
13.Whichngoodnbestnmeetsnthendefinitionnofnscarcity?
1. air b.nwaterninnthenocean
c.nelectricityninnancitynnn d.nwoodninnanforest
ANSWER:nc
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 4/55
