MULTIPLE CHOICE
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Edition Mankiw
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1 :eWhicheofetheefollowingeisenotecorrect?
Ae:eEconomistseuseesomeefamiliarewordseinespecializedeways.
Be:eEconomicsehaseitseownelanguageeandeitseownewayeofethinking,ebutefeweotherefieldseofestudyedo.
Ce:eSupply,edemand,eelasticity,ecomparativeeadvantage,econsumeresurplus,eandedeadweightelossea
reealletermsethateareeparteofetheeeconomistselanguage.
De:eTheevalueeofetheeeconomistselanguageelieseineitseabilityetoeprovideeyouewitheaeneweandeusefulew
ayeofethinkingeaboutetheeworldeinewhicheyouelive.
CorrecteAnswere:eB
2 :eEconomistseuseesomeefamiliaretermseinespecializedeways
Ae:etoemakeetheesubjectesoundemoreecomplexethaneiteis.
Be:ebecauseeeveryerespectableefieldeofestudyehaseitseownelanguage.
Ce:etoeprovideeaeneweandeusefulewayeofethinkingeaboutetheeworld.
De:ebecauseeitewasetooedifficultetoecomeeupewitheneweterms.eCorr
ecteAnswere:eC
3 :eTheelanguageeofeeconomicseis
Ae:eneedlesslyearcane.
Be:evaluableebecauseeiteprovideseaeneweandeusefulewayeofelearningeaboutetheeworld.
Ce:eeasyetoelearnewithineaeday.
De:eunnecessaryetoelearneforeaethorougheunderstandingeofeeconomics.eCorre
cteAnswere:eB
4 :eStudyingewhicheofetheefollowingeisehelpfuleinelearningetoethinkelikeeaneeconomist?
Ae:etheory.
Be:ecaseestudies.
Ce:eexampleseofeeconomicseinetheenews.
De:ealleofetheeabove.
CorrecteAnswere:eD
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MULTIPLE CHOICE
e e
Edition Mankiw
e e
e
e e e
1 :eEconomists,elikeemathematicians,ephysicists,eandebiologists,
Ae:emakeeuseeofetheescientificemethod.
Be:etryetoeaddressetheiresubjectewitheaescientistseobjectivity.
Ce:edeviseetheories,ecollectedata,eandetheneanalyzeetheseedataeineaneattemptetoeverifyeorerefuteethei
retheories.
De:eAlleofetheeaboveeareecorrect.eCorrect
Answere:eD
e
2 :eTheeessenceeofescienceeis
Ae:etheelaboratoryeexperiment.
Be:etheescientificemethod.
Ce:etheestudyeofenature,ebutenotetheestudyeofesociety.
De:eAlleofetheeaboveeareecorrect.eCorrect
Answere:eB
e
3 :eTheescientificemethodeis
Ae:etheeuseeofemodernetechnologyetoeunderstandetheewayetheeworldeworks.
Be:etheeuseeofecontrolledelaboratoryeexperimentsetoeunderstandetheewayetheeworldeworks.
Ce:etheedispassionateedevelopmenteandetestingeofetheorieseaboutehowetheeworldeworks.
De:etheesearcheforeevidenceetoesupportepreconceivedetheorieseaboutehowetheeworldeworks.eCorrect
Answere:eC
e
4 :eTheescientificemethodeiseapplicableetoestudying
Ae:enaturalesciences,ebutenotesocialesciences.
Be:esocialesciences,ebutenotenaturalesciences.
Ce:ebothenaturalescienceseandesocialesciences.
De:eNoneeofetheeaboveeisecorrect.eCorre
cteAnswere:eC
5 :eWhoesaid,eTheewholeeofescienceeisenothingemoreethanetheerefinementeofeeverydayethinking?
Ae:eIsaaceNewton
Be:eAlberteEinstein
Ce:eAdameSmith
De:eBenjamineFranklineCorrec
teAnswere:eB
6 :eAlberteEinsteineonceemadeetheefollowingeobservationeaboutescience:
Ae:eTheewholeeofescienceeisenothingemoreethanetheerefinementeofeeverydayethinking.
Be:eTheewholeeofescienceeisenothingemoreethaneaneinterestingeintellectualeexercise.
Ce:eIneorderetoeunderstandescience,eoneemusterelyesolelyeoneabstraction.
De:eIneorderetoeunderstandescience,eoneemustetranscendeeverydayethinking.e
CorrecteAnswere:eA
7 :eSireIsaaceNewtonsedevelopmenteofetheetheoryeofegravityeaftereobservingeaneappleefallefromea
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Be:ebeingeinetheerighteplaceeatetheerightetime.
Ce:eaneideaewhoseetimeehadecome.
De:etheeinterplayebetweeneobservationeandetheoryeinescience.eC
orrecteAnswere:eD
8 :eWhicheofetheefollowingestepsedoeseaneeconomistetakeewhenestudyingetheeeconomy?
Ae:edeviseetheories
Be:ecollectedata
Ce:eanalyzeedata
De:eAlleofetheeaboveeareecorrect.eCorrect
Answere:eD
e
9 :eWhicheofetheefollowingeiseaneexampleeofeusingetheescientificemethodewitheaenaturalee
xperiment?
Ae:emeasuringehowelongeitetakeseaemarbleetoefallefromeaetenestoryebuilding
Be:ecomparingeplantegrowthewitheandewithouteaesoileadditive
Ce:etrackingetheepriceeofeoilewheneaewareinetheeMiddleeEasteinterruptsetheefloweofecrudeeoil
De:eobservingetheereactionewhenetwoechemicalseareemixedetogethereCo
rrecteAnswere:eC
10 :eTheegoaleofeaneeconomistewhoeformulatesenewetheorieseiseto
Ae:eprovideeaneinterestingeframeworkeofeanalysis,ewhethereorenotetheeframeworketurnseoutetoebeeofem
ucheuseeineunderstandingehowetheeworldeworks.
Be:eprovokeestimulatingedebateeinescientificejournals.
Ce:econtributeetoeaneunderstandingeofehowetheeworldeworks.
De:edemonstrateethateeconomists,elikeeotherescientists,ecaneformulateetestableetheories.eCorr
ecteAnswere:eC
11 :eSupposeeaneeconomistedevelopseaetheoryethatehigherefoodepriceseariseefromehigheregasepri
ces.eAccordingetoetheescientificemethod,ewhicheofetheefollowingeisetheeeconomistsenextestep?
Ae:eCollecteandeanalyzeedata.
Be:eGoetoeaelaboratoryeandegenerateedataetoetestetheetheory.
Ce:ePublishetheetheoryewithoutetestingeit.
De:eConsultewitheothereeconomistsetoeseeetheyeagreeewithetheetheory.eCorrect
Answere:eA
e
12 :eWhicheofetheefollowingestatementseappliesetoeeconomics,easewelleasetoeotheresciencesesuchea
sephysics?
Ae:eExperimentseareeconsideredevalideonlyewhenetheyeareeconductedeineaelaboratory.
Be:eGoodetheoriesedoenoteneedetoebeetested.
Ce:eReal-worldeobservationseofteneleadetoetheories.
De:eEconomics,easewelleaseotheresciences,eiseconcernedeprimarilyewitheabstracteconcepts.eCorrecte
Answere:eC
13e:eWitherespectetoehoweeconomistsestudyetheeeconomy,ewhicheofetheefollowingestatementseis
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