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Principles of Economics 2nd Edition by Mankiw Test bank
This test bank supplements Mankiw’s Principles of Economics, Second Edition and the original test bank volumes. It contains approximately 50 questions for each chapter of the textbook.
For each chapter, the Alternate Test Bank provides two tests (A and B) of about 25 multiple choice questions each. Test A in each chapter consists of original questions. Test B contains questions that are picked up from previous test banks and online quizzes. Questions that are repeated from online quizzes are noted with bold letters for convenience in selecting appropriate test questions. Each test is designed to offer comprehensive coverage of the textbook chapter.
Sample:
12. As long as a consumer is on the same indifference curve
a. she is unable to decide which bundle of goods to choose.
b. she is indifferent among the points on that indifference curve.
c. her preferences will not affect the marginal rate of substitution.
d. she is indifferent to all points which lie on any other indifference curves.
ANSWER: b. she is indifferent among the points on that indifference curve.
TYPE: M KEY1: D SECTION: 2 OBJECTIVE: 2 RANDOM: Y
13. When indifference curves are bowed inward toward the origin,
a. it is unlikely that consumers will be willing to engage in trade.
b. people can only increase satisfaction by consuming more of all commodities.
c. people are less inclined to trade away goods that they have an abundance of.
d. the marginal rate of substitution decreases as a consumer moves down an indifference curve.
ANSWER: d. the marginal rate of substitution decreases as a consumer moves down an indifference curve.
TYPE: M KEY1: D SECTION: 2 OBJECTIVE: 2 RANDOM: Y
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