(Test Bank)Economics Today The Macro View, 19th Edition by Roger LeRoy Miller chapter 1

《(Test Bank)Economics Today The Macro View, 19th Edition by Roger LeRoy Miller chapter 1》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、EconomicsToday:TheMacroView,19e(Miller)Chapter1TheNatureofEconomics1.1ThePowerofEconomicAnalysis1)TheeconomicwayofthinkingwillhelpyouA)makedecisionsinfinancingyourhome.B)analyzesolutionstoeconomicproblems.C)makebetterdecisionsconcerningyoureducation.D)alloftheaboveAnswer:DDi

2、ff:1Topic:1.1ThePowerofEconomicAnalysisLearningOutcome:Micro-1:IdentifythebasicprinciplesofeconomicsandexplainhowtothinklikeaneconomistAACSB:Analyticalthinking2)EconomicanalysisisusedA)onlybyinstructorsandstudentsineconomicstounderstandtheworld.B)onlybybusinesspeopletoraisep

3、rofits.C)onlybypolicymakerstomakepolicydecisions.D)inalldecisionmaking.Answer:DDiff:1Topic:1.1ThePowerofEconomicAnalysisLearningOutcome:Micro-1:IdentifythebasicprinciplesofeconomicsandexplainhowtothinklikeaneconomistAACSB:Analyticalthinking3)EconomicanalysisisatoolthatA)aids

4、alldecisionmaking.B)helpsusunderstandwhypeoplemakemistakes.C)helpsusforgiveselfishpeople.D)makeseveryonerich.Answer:ADiff:1Topic:1.1ThePowerofEconomicAnalysisLearningOutcome:Micro-1:IdentifythebasicprinciplesofeconomicsandexplainhowtothinklikeaneconomistAACSB:Analyticalthink

5、ing107Copyright©2018PearsonEducation,Inc.4)EconomicsisbestdefinedastheA)studyofhowpeoplemakechoicestosatisfytheirwants.B)studyofindividualself-interests.C)studyofwhypeopledonotreacttoincentives.D)processbywhichgoodsaresoldinfreemarkets.Answer:ADiff:1Topic:1.1ThePowerofEconom

6、icAnalysisLearningOutcome:Micro-1:IdentifythebasicprinciplesofeconomicsandexplainhowtothinklikeaneconomistAACSB:Analyticalthinking5)Economicscanbedescribedasthestudyofhowpeopleuse________resourcestosatisfy________wants.A)unlimited;unlimitedB)unlimited;limitedC)limited;unlimi

7、tedD)limited;limitedAnswer:CDiff:1Topic:1.1ThePowerofEconomicAnalysisLearningOutcome:Micro-1:IdentifythebasicprinciplesofeconomicsandexplainhowtothinklikeaneconomistAACSB:Analyticalthinking6)Whichstatementmostaccuratelydescribeseconomics?A)Economicsisthestudyofhowpeoplemakem

8、oney.B)Economicsisthestudyofhowpeoplemakechoicestosatisfytheirwants.C)Econo