Test Bank for Essentials of Economics, 13th Edition by N. Gregory Mankiw.pdf

TEST BANK x




Essentials of Econ by N. Gregory Mankiw All Chapters 1
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- 24omics 9th edition
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Pagex 1

,Table of Contents. h h




Part I: INTRODUCTION.
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1. Ten Principles of Economics.
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2. Thinking Like an Economist.
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3. Interdependence and the Gains from Trade. x x x x x




Part II: HOW MARKETS WORK.
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4. The Market Forces of Supply and Demand.
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5. Elasticity and Its Application.
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6. Supply, Demand, and Government Policies.
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Part III: MARKETS AND WELFARE.
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7. Consumers, Producers, and the Efficiency of Markets.
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8. Application: The Costs of Taxation. x x x x




9. Application: International Trade. x x




Part IV: THE ECONOMICS OF THE PUBLIC SECTOR.
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10. Externalities.
11. Public Goods and Common Resources.
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Part V: Firm Behavior and the Organization of Industry.
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,12. The Costs of Production.
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13. Firms in Competitive Markets.
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14. Monopoly.


Part VI: THE DATA OF MACROECONOMICS.
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15. Measuring a Nation’s Income. x x x




16. Measuring the Cost of Living. x x x x




Part VII: THE REAL ECONOMY IN THE LONG RUN.
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17. Production and Growth. x x




18. Saving, Investment, and the Financial System.
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19. The Basic Tools of Finance.
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20. Unemployment and Its Natural Rate. x x x x




Part VIII: MONEY AND PRICES IN THE LONG RUN.
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21. The Monetary System.
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22. Money Growth and Inflation.
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Part IX: SHORT-RUN ECONOMIC FLUCTUATIONS.
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23. Aggregate Demand and Aggregate Supply. x x x x




24. The Influence of Monetary and Fiscal Policy on Aggregate Demand.
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, 1. Ten Principles of Economics.
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1. ThexEnglishxwordxthatxcomesxfromxthexGreekxwordxforx"onexwhoxmanagesxaxhousehold"xis
a. market.
b. consumer.
c. producer.
d. economy.
ANSWER: d
DIFFICULTY: Easy
LEARNINGxOBJECTIVES:x ECON.MANK.012x-
Applyxbasic,xeconomicxprinciplesxofxindividualxdecisionx makingxthatxdetermix
nexhowxanxeconomyxgenerallyxworks.
TOPICS: Economicxthinking
KEYWORDS: BLOOM'S:xKnowledge
CUSTOMxID: 001.01.0x-xMCx-xMANK08


2. Thexwordx“economy”xcomesxfromxthexGreekxwordxoikonomos,xwhichxmeans
a. “environment.”
b. “production.”
c. “onexwhoxmanagesxaxhousehold.”
d. “onexwhoxmakesxdecisions.”
ANSWER: c
DIFFICULTY: Easy
LEARNINGxOBJECTIVES:x ECON.MANK.012x-
Applyxbasic,xeconomicxprinciplesxofxindividualxdecisionx makingxthatxdetermix
nexhowxanxeconomyxgenerallyxworks.
TOPICS: Economicxthinking
KEYWORDS: BLOOM'S:xKnowledge
CUSTOMxID: 002.01.0x-xMCx-xMANK08
3. Resourcesxare
a. scarcexforxhouseholdsxbutxplentifulxforxeconomies.
b. plentifulxforxhouseholdsxbutxscarcexforxeconomies.
c. scarcexforxhouseholdsxandxscarcexforxeconomies.
d. plentifulxforxhouseholdsxandxplentifulxforxeconomies.
ANSWER: c
DIFFICULTY: Easy
LEARNINGxOBJECTIVES:x ECON.MANK.012x-
Applyxbasic,xeconomicxprinciplesxofxindividualxdecisionx makingxthatxdetermix
nexhowxanxeconomyxgenerallyxworks.
TOPICS:
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