Test Bank for Principles of Economics 5th edition by Robert Frank, Ben Bernanke – Ebook PDF Instant Download/Delivery: 0073511404, 9780073511405
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Product details:
ISBN 10: 0073511404
ISBN 13: 9780073511405
Author: Robert Frank, Ben Bernanke
In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of teaching a shorter list of core principles in depth. Two well-respected writers and researchers, Bob Frank and Ben Bernanke, have shown that the less-is-more approach affords similar gains in introductory economics. The authors introduce a coherent short list of core principles and reinforce them by illustrating and applying each in numerous contexts. With engaging questions, explanations and exercises, the authors help students relate economic principles to a host of everyday experiences such as going to the ATM or purchasing airline tickets. Throughout this process, the authors encourage students to become “economic naturalists:” people who employ basic economic principles to understand and explain what they observe in the world around them. Principles of Economics, fifth edition, is thoroughly updated with examples that connect to current events such as the financial crisis of 2008 and Great Recession of 2007-2009 as well as other topics commonly discussed in the media. In addition, the text is paired with McGraw-Hill’s market-leading online assignment and assessment solution Connect Economics, providing tools to enhance course management and student learning.
Sample questions asked in the 5th edition of Principles of Economics:
A price-taking firm makes air conditioners. The market price of one of their new air conditioners is $120. Its total cost information is given in the table below: Air conditioners per day Total cost ($ per day) 1 100 2 150 3 220 4 310 5 405 6 510 7 650 8 800 How many air conditioners should the firm produce per day if its goal is to maximize its profit?
Japanese yen trade at 110 yen per dollar and Mexican pesos trade at 10 pesos per dollar. What is the nominal exchange rate between the yen and the peso? Express in two ways.
Here are some data for an economy. Find its GDP. Explain your calculation. Consumption expenditures $600 Exports 75 Government purchases of goods and services 200 Construction of new homes and apartments 100 Sales of existing homes and apartments 200 Imports 50 Beginning-of-year inventory stocks 100 End-of-year inventory stocks 125 Business fixed investment 100 Government payments to retirees 100 Household purchases of durable goods 150
Principles of Economics 5th Table of contents:
Chapter1 : Introduction
Chapter 2: Content
Chapter 3: Conclusion
Chapter 4: Appendices
Chapter 5: Glossary
Chapter 6: References
Chapter 7: Index
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Tags: Robert Frank, Ben Bernanke, Principles of Economics