Macroeconomics > TEST BANKS > Macroeconomics, 21e McConnell test bank (All)
Macroeconomics, 21e McConnell test bank
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Chapter 01 Limits, Alternatives, and Choices Answer Key Multiple Choice Questions 1. For economists, the word "utility" means A. versatility and flexibility. B. rationality. C. pleasure or satisf... action. D. purposefulness. AACSB: Knowledge Application A cces si bili t y: Keyboard Navigation Blooms: Remember Difficulty: 01 Easy Learning Objective: 01-01 Define economics and the features of the economic perspective. Test Bank: I Topic: The Economic Perspective 2. In economics, the pleasure, happiness, or satisfaction received from a product is called A. marginal cost. B. rational outcome. C. status fulfillment. D. utility. AACSB: Knowledge Application A cces si bili t y: Keyboard Navigation Blooms: Remember Difficulty: 01 Easy Learning Objective: 01-01 Define economics and the features of the economic perspective. Test Bank: I Topic: The Economic Perspective 3. When economists say that people act rationally in thei [Show More]
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