16.1   The Federal Budget   1) The federal budget is defined as A) a monthly statement of expenditure laws passed by the U.S. government. B) a monthly statement of whether the U.S. government is in deficit or surplus. C) an annual statement of U.S. government violations of international laws. D) an annual statement of expenditures and tax revenues of the U.S. government. E) an annual […]

  51.Which of the following is a dimension of social structure that is particularly important when explaining differences between cultures?   A. The average income of the people who belong to a particular culture B. The dominant race and the gender in the society C. The extent to which work is viewed as more important than family D. The degree to which the society is stratified into classes or castes […]

    81.              Which of the following statements related to kinetic-molecular theory of gases is correct for an ideal gas? A)Gases are composed of small particles with a small amount of space between them. B)Gas particles move in a zigzag pattern until they collide with something. C)When gas particles collide, they lose some of their kinetic energy, and will slow down over time. D)In a […]

    91) Consider the nature of macroeconomic equilibrium. If, at a particular price level, the total output demanded is greater than that supplied by producers, then A) the price level will decline toward its equilibrium value. B) the price level will rise toward its equilibrium value. C) the aggregate demand curve will shift to the left, re-establishing an equilibrium. D) the aggregate supply curve […]

    Figure 4-4   21) Refer to Figure 4-4. The figure above represents the market for iced tea.  Assume that this is a competitive market.  If the price of iced tea is $3, what changes in the market would result in an economically efficient output? A) The price would decrease, the quantity supplied would increase, and the quantity demanded would decrease. B) The quantity […]

  61) The graph shows the labor market for painters. The lower the wage rate, the ________ is the quantity of painters that firms demand and the ________ is the quantity of painters that households are willing to supply. A) greater; smaller B) greater; greater C) smaller; greater D) smaller; smaller E) None of the above answers is correct because both the demand and supply […]

  13.4   Chapter Figures   The figure above shows the aggregate supply curve and potential GDP.   1) Based on the figure above, the aggregate supply curve shifts rightward and the potential GDP line does not change when A) the money wage rate rises. B) the price level rises. C) the money wage rate falls. D) the price level falls. E) both the price level […]

  21) Which of the following situations describing a resource allocation method most resembles the majority rule method? A) Seventy percent of Austin’s chess club wanted to purchase new chess sets and thirty percent did not. The club purchased the sets. B) Lattes are sold at Starbucks. C) Food from the Weld County Food Bank is distributed to families in need. D) Jose works at […]

  19.2   Labor Markets   1) As the wage rate rises, the quantity of labor an individual supplies A) decreases at all wage rates. B) initially decreases at low wage rates and then increases at high wage rates. C) increases at all wage rates. D) initially increases at low wage rates and then decreases at high wage rates. E) does not change.   2) The […]

    31.Severe folate deficiency in adolescence can result in: a.Down syndrome. b.megaloblastic anemia. c.spina bifida. d.anencephaly. e.rickets.   32.Susan is a 15-year-old who likes fruits, some vegetables, and breads (whole-grain and enriched) but refuses to consume milk, seafood, and eggs. A recent doctor visit revealed normal hemoglobin and plasma ferritin levels. What would you advise? a.A folate supplement (400 micrograms/day) b.A vitamin D supplement […]