test bank and instructor manual to Principles of Macroeconomics, 6th ed., Mankiw, N Gregory; Aplia
Chapter 2 Thinking Like an Economist
Multiple Choice
1. Which of the following is not correct?
a.
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Economists
use some familiar words in specialized ways.
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b.
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Economics
has its own language and its own way of thinking, but few other fields of
study do.
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c.
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Supply,
demand, elasticity, comparative advantage, consumer surplus, and deadweight
loss are all terms that are part of the economist’s language.
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d.
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The
value of the economist’s language lies in its ability to provide you with a
new and useful way of thinking about the world in which you live.
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ANS: B PTS: 1 DIF: 2 REF: 2-0
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