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Test Bank Principles of Macroeconomics, 8th Canadian EditionMankiw
v v v v v v v v
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,20/09/2020 TestvBankvPrinciplesvofvMacroeconomics,v8thvCanadianvEditionvManki
w
1
1. WhichvwordvcomesvfromvthevGreekvwordvforv“onevwhovmanagesvavhousehold”?
2. market b.vbank
c.vgovernment d.veconomy
ANSWER:vd
1. Fromvwhichvofvthevfollowingvisvthevwordv“economy”v derived?
2. onevwhovconsumesvgoods b.vonevwhovmanagesvavhousehold
c.vonevwhovparticipatesvinvavmarketvv d.vonevwhovgovernsvavcountry
ANSWER:vb
1. Whatvdovhouseholdsvandveconomiesvhavevinvcommon?
2. Theyvbothvmustvallocatevscarcevresources.
3. Theyvbothvfacevdifficultiesvsavingvmoney.
4. Theyvbothvmustvsellvthevgoodsvandvservicesvtheyvproduce.
5. Theyvbothvmustvhavevavcentralvdecisionvmaker.
ANSWER:va
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, 2.vscarcity b.vpoverty
20/09/2020 TestvBankvPrinciplesvofvMacroeconomics,v8thvCanadianvEditionvManki
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c.vchange d.vpower
ANSWER:va
1. Whatvisv NOTv includedvinv thev decisionsvthatv everyv societyv mustv make?
2. whatvgoodsvwillvbevproduced b.vwhovwillvproducevthevgoods
c.vwhatvdeterminesvconsumervpreferencesvv d.vwhovwillvconsumevthevgoods
ANSWER:vc
1. Whyvdovbothvhouseholdsvandvsocietiesvfacevmanyvdecisions?
2. Resourcesvarevscarce.
3. Populationsvmayvfluctuatevovervtime.
4. Wagesvforvhouseholdsvandvthereforevsocietyvfluctuatevwithvbusinessvcycles.
5. People,vbyvnature,vtendvtovdisagree.
ANSWER:va
1. Whenvisvavgoodvconsideredvscarcevinvavsociety?
2. whenvmorevoutputvofvthevgoodvisvpossible
3. whenveveryonevinvthatvsocietyvcannotvhavevallvtheyvwantvofvthevgood
4. whenvthevgovernmentvrestrictsvproductionvofvthevgood
5. whenvonlyvthevrichestvpeoplevinvtheveconomyvcanvbuyvallvtheyvwantvofvthevgood
ANSWER:vb
1. Whenvdoesvscarcityvexist?
2. whenvtherevisvlessvthanvanvinfinitevamountvofvavresourcevorvgood
3. whenvsocietyvcanvmeetvthevwantsvofveveryvindividual
4. whenvtherevisvlessvofvavgoodvorvresourcevavailablevthanvpeoplevwishvtovhave
5. whenvthevgovernmentvfailsvtovproducevgoods
ANSWER:vc
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, 1.vHowvarevgoodsvandvservicesvallocatedvinvavmarketveconomy?
2.vbyvgovernmentvdecisions
20/09/2020 TestvBankvPrinciplesvofvMacroeconomics,v8thvCanadianvEditionvManki
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3.vbyvgivingveachvindividualvjustvenoughvforvavdecentvstandardvofvliving
4. byvthevactionsvofvallvfirmsvandvconsumers
5. byvinheritedvrightsvandvproperties
ANSWER:vc
10. Approximatelyvwhatvpercentagevofvthevworld’sveconomiesvexperiencevscarcity?va.v30vvv b.v45v
c.v60 d.v100
ANSWER:vd
11. Whatvisvanv economyv experiencingv whenv av societyv cannotv producevallvthevgoodsvandv servicesvpeoplev wishv tov have?
1.vscarcity b.veconomicvgrowth
c.vcompetition d.vmarketvfailure
ANSWER:va
12.Forvsociety,vwhenvisvavgoodvNOTvscarce?
1. ifvatvleastvonevindividualvinvsocietyvcanvobtainvallvhevorvshevwantsvofvthevgood
2. ifvfirmsvarevproducingvatvfullvcapacity
3. ifvallvmembersvofvsocietyvcanvhavevallvtheyvwantvofvthevgood
4. ifvthosevwhovhavevenoughvincomevcanvbuyvallvtheyvwantvofvthevgood
ANSWER:vc
13.Whichvgoodvbestvmeetsvthevdefinitionvofvscarcity?
1. air b.vwatervinvthevocean
c.velectricityvinvavcityvvv d.vwoodvinvavforest
ANSWER:vc
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Test Bank Principles of Macroeconomics, 8th Canadian EditionMankiw
v v v v v v v v
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,20/09/2020 TestvBankvPrinciplesvofvMacroeconomics,v8thvCanadianvEditionvManki
w
1
1. WhichvwordvcomesvfromvthevGreekvwordvforv“onevwhovmanagesvavhousehold”?
2. market b.vbank
c.vgovernment d.veconomy
ANSWER:vd
1. Fromvwhichvofvthevfollowingvisvthevwordv“economy”v derived?
2. onevwhovconsumesvgoods b.vonevwhovmanagesvavhousehold
c.vonevwhovparticipatesvinvavmarketvv d.vonevwhovgovernsvavcountry
ANSWER:vb
1. Whatvdovhouseholdsvandveconomiesvhavevinvcommon?
2. Theyvbothvmustvallocatevscarcevresources.
3. Theyvbothvfacevdifficultiesvsavingvmoney.
4. Theyvbothvmustvsellvthevgoodsvandvservicesvtheyvproduce.
5. Theyvbothvmustvhavevavcentralvdecisionvmaker.
ANSWER:va
https://www.coursesexams.com/test-bank-principles-of-macroeconomics-8th-canadian-edition-mankiw/ 2/55
, 2.vscarcity b.vpoverty
20/09/2020 TestvBankvPrinciplesvofvMacroeconomics,v8thvCanadianvEditionvManki
w
c.vchange d.vpower
ANSWER:va
1. Whatvisv NOTv includedvinv thev decisionsvthatv everyv societyv mustv make?
2. whatvgoodsvwillvbevproduced b.vwhovwillvproducevthevgoods
c.vwhatvdeterminesvconsumervpreferencesvv d.vwhovwillvconsumevthevgoods
ANSWER:vc
1. Whyvdovbothvhouseholdsvandvsocietiesvfacevmanyvdecisions?
2. Resourcesvarevscarce.
3. Populationsvmayvfluctuatevovervtime.
4. Wagesvforvhouseholdsvandvthereforevsocietyvfluctuatevwithvbusinessvcycles.
5. People,vbyvnature,vtendvtovdisagree.
ANSWER:va
1. Whenvisvavgoodvconsideredvscarcevinvavsociety?
2. whenvmorevoutputvofvthevgoodvisvpossible
3. whenveveryonevinvthatvsocietyvcannotvhavevallvtheyvwantvofvthevgood
4. whenvthevgovernmentvrestrictsvproductionvofvthevgood
5. whenvonlyvthevrichestvpeoplevinvtheveconomyvcanvbuyvallvtheyvwantvofvthevgood
ANSWER:vb
1. Whenvdoesvscarcityvexist?
2. whenvtherevisvlessvthanvanvinfinitevamountvofvavresourcevorvgood
3. whenvsocietyvcanvmeetvthevwantsvofveveryvindividual
4. whenvtherevisvlessvofvavgoodvorvresourcevavailablevthanvpeoplevwishvtovhave
5. whenvthevgovernmentvfailsvtovproducevgoods
ANSWER:vc
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, 1.vHowvarevgoodsvandvservicesvallocatedvinvavmarketveconomy?
2.vbyvgovernmentvdecisions
20/09/2020 TestvBankvPrinciplesvofvMacroeconomics,v8thvCanadianvEditionvManki
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3.vbyvgivingveachvindividualvjustvenoughvforvavdecentvstandardvofvliving
4. byvthevactionsvofvallvfirmsvandvconsumers
5. byvinheritedvrightsvandvproperties
ANSWER:vc
10. Approximatelyvwhatvpercentagevofvthevworld’sveconomiesvexperiencevscarcity?va.v30vvv b.v45v
c.v60 d.v100
ANSWER:vd
11. Whatvisvanv economyv experiencingv whenv av societyv cannotv producevallvthevgoodsvandv servicesvpeoplev wishv tov have?
1.vscarcity b.veconomicvgrowth
c.vcompetition d.vmarketvfailure
ANSWER:va
12.Forvsociety,vwhenvisvavgoodvNOTvscarce?
1. ifvatvleastvonevindividualvinvsocietyvcanvobtainvallvhevorvshevwantsvofvthevgood
2. ifvfirmsvarevproducingvatvfullvcapacity
3. ifvallvmembersvofvsocietyvcanvhavevallvtheyvwantvofvthevgood
4. ifvthosevwhovhavevenoughvincomevcanvbuyvallvtheyvwantvofvthevgood
ANSWER:vc
13.Whichvgoodvbestvmeetsvthevdefinitionvofvscarcity?
1. air b.vwatervinvthevocean
c.velectricityvinvavcityvvv d.vwoodvinvavforest
ANSWER:vc
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