1、True/False1. Scarcitymeansthatthereislessofagoodorresourceavailablethanpeoplewishtohave. a. True b. FalseANSWER: TrueDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.012-Applybasic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallyworks.
2、TOPICS: EconomicthinkingScarcityKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: 001.01-TF-MANK082. Economicsisthestudyofhowevenlygoodsandservicesaredistributedwithinsociety. a. True b. FalseANSWER: FalseDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.012-Applybasic,econo
3、micprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallyworks.TOPICS: EconomicthinkingScarcityKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: 002.01-TF-MANK083. Economicsisthestudyofhowsocietyallocatesitsunlimitedresources. a. True b. FalseANSWER: FalseDI
5、ocietycannotgiveallindividualsthestandardoflivingtowhicheachaspires. a. True b. FalseANSWER: TrueDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.012-Applybasic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallyworks.TOPICS: Economicthi
6、nkingScarcityCopyrightCengageLearning.PoweredbyCognero.Page 13KEYWORDS: BLOOM'S:ComprehensionCUSTOM ID: 004.01-TF-MANK085. Equalitymeansdistributingsociety’sresourcesinthemostefficientmanner. a. True b. FalseANSWER: FalseDIFFICULTY: EasyLEARNING OBJECTIVES: ECO
7、N.MANK.012-Applybasic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallyworks.TOPICS: EconomicthinkingEqualityKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: 005.01-TF-MANK086. Economistsstudyhowpeoplemakedecisions. a. True b. FalseANSWER: True