Chapter 9: Monopoly
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps also include
references to Ask the
Chapter 6: Consumer Choice Theory
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps also include
references to Ask the Instr
Chapter 3: Market Demand and Supply
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps also include
refer
Chapter 2: Production Possibilities, Opportunity Cost, and Economic
Growth
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker
Chapter 29: Economies in Transition
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps also include
refer
Chapter 1A: Applying Graphs to Economics
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps also include
Chapter 17
Practice Quiz
The Phillips Curve and Expectations Theory
1. The Phillips curve depicts the relationship between the
a. unemployment rate and the change in GDP.
b. inflation rate and the interest rate.
c. level of investment spending and the int
Chapter 30: Growth and the Less-Developed Countries
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps al
Chapter 19
Practice Quiz
Economies in Transition
1. The economic system in which all of the basic decisions are made through a
centralized authority, such as a government agency, is termed a
a. market economy.
b. capitalistic economy.
c. command economy.
Chapter 4: Markets in Action
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps also include
references t
Chapter 6A: Indifference Curve Analysis
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps also include
r
Chapter 14: Environmental Economics
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps also include
refer
Chapter 8: Perfect Competition
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps also include
references
Chapter 10: Monopolistic Competition and Oligopoly
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps als
Chapter 7: Production Costs
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps also include
references to
Chapter 11: Labor Markets
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps also include
references to A
Chapter 13: Antitrust and Regulation
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps also include
refe
Chapter 28: International Trade and Finance
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps also inclu
Chapter 12: Income Distribution, Poverty, and Discrimination
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The
Chapter 5: Price Elasticity of Demand and Supply
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps also
Chapter 18
Practice Quiz
International Trade
and Finance
1. With trade, the production possibilities for two nations lie
a. outside their consumption possibilities.
b. inside their consumption possibilities.
c. at a point equal to the world production pos
Chapter 16
Practice Quiz
Monetary Policy
1. Keynes gave which of the following as a motive for people holding money?
a. Transactions demand.
b. Speculative demand.
c. Precautionary demand.
d. All of the above.
ANS:
d. These are the three motives for holdi
Chapter 1: Introducing the Economic Way of Thinking
LEARNING OBJECTIVES
The steps to achieve the learning objectives include reading sections from your textbook and the
causation chain game, which is available directly on the Tucker web site. The steps al
Chapter 6
Practice Quiz
Business Cycles and Unemployment
1. The phases of a business cycle are
a. upswing and downswing.
b. full employment and unemployment.
c. peak, recession, trough, and recovery.
d. full employment, depression, expansion, and plateau.
Chapter 5
Practice Quiz
Gross Domestic Product
1. The dollar value of all final goods and services produced within the borders of a nation
is the
a. GNP deflator.
b. gross national product.
c. net national product.
d. gross domestic product.
ANS:
d. GDP i
Chapter 4
Practice Quiz
Markets in Action
1. Suppose prices for new homes have risen, yet the number of new homes sold has also
risen. We can conclude that
a. the demand for new homes has risen.
b. the law of demand has been violated.
c. new firms have en
Chapter 1
Practice Quiz
Introducing the Economic Way of Thinking
1. Scarcity exists
a. when people consume beyond their needs.
b. only in rich nations.
c. in all countries in the world.
d. only in poor nations.
ANS:
c. No matter what economic system a cou
Chapter 3
Practice Quiz
Market Supply and Demand
1. If the demand curve for good X is downward-sloping, an increase in the price will
result in
a. an increase in the demand for good X.
b. a decrease in the demand for good X.
c. no change in the quantity d
Appendix to Chapter 3
Practice Quiz
Consumer Surplus, Producer Surplus, and Market Efficiency
1. If Bill is willing to pay $10 for one good X, $8 for a second, and $6 for a third, and
the market price is a $5, then Bills consumer surplus is
a. $24
b. $18
Chapter 2
Practice Quiz
Production Possibilities, Opportunity Cost and
Economic Growth
1. Which of the following decisions must be made by all economies?
a. How much to produce? When to produce? How much does it cost?
b. What is the price? Who will produc