资源描述：
《10e Test Bank_Chapter 03_Final》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。
1、File:Chapter03EconomicInstitutionsTrue/False[Question]1.Privatepropertyrightsareessentialtomarketeconomies.Ans:TrueAACSB:AnalyticBloom’s:RememberDifficulty:01EasyLearningObjective:03-01Topic:PrivatePropertyRightFeedback:Marketeconomiesrelyonmarketforces,whic
2、hthemselvesaredependentupontheexistenceofpropertyrights.[Question]2.Inamarketeconomy,societyreliesontheself-interestofindividualstodeterminewhat,how,andforwhomtoproduce.Ans:TrueAACSB:ReflectiveThinkingBloom’s:RememberDifficulty:01EasyLearningObjective:03-01T
3、opic:MarketEconomyFeedback:Inamarketeconomy,individualsdecidehow,what,andforwhomtoproducebasedonself-interest.[Question]3.Thegoalofsocialisteconomiesistodistributewhatisproducedaccordingtotheneedsofindividuals.Marketeconomiestendtodistributewhatisproducedacc
4、ordingtoabilityandinheritedwealth.Ans:TrueAACSB:ReflectiveThinkingBloom’s:RememberDifficulty:01EasyLearningObjective:03-01Topic:SocialismFeedback:Undersocialism,individualsgiveaccordingtotheirabilityandreceiveaccordingtotheirneed.Underamarketeconomy,whatoner
5、eceivesisafunctionofone'sability,effort,andinheritance.[Question]4.Feudalismandmercantilismreliedonmarketstosolvethethreemaincoordinationproblems.Ans:FalseAACSB:ReflectiveThinkingBloom’s:Remember©2017byMcGraw-HillEducation. Thisisproprietarymaterialsolelyfor
6、authorizedinstructoruse.Notauthorizedforsaleordistributioninanymanner. Thisdocumentmaynotbecopied,scanned,duplicated,forwarded,distributed,orpostedonawebsite,inwholeorpart. Difficulty:01EasyLearningObjective:03-AppendixTopic:EvolvingEconomicSystemsFeedback:F
7、eudalismsolvedtheseproblemsbyrelyingontraditionwhilemercantilismreliedongovernmentintervention.[Question]5.Householdssupplyfactorsofproductiontobusinessandarepaidbybusinessfordoingso.Themarketwherethisinteractiontakesplaceiscalledthefactormarket.Ans:TrueAACS
8、B:ReflectiveThinkingBloom’s:RememberDifficulty:01EasyLearningObjective:03-02Topic:FactorMarketFeedback:Thefactormarketisthemarketinwhichinputsaresuppliedbyhouseholdsanddemandedbybusinesses.[Ques
