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MULTIPLE CHOICE
2. A group of firms and individuals in touch with each other to buy or sell something is called a
a. model. d. microcosm.
b. market. e. melee.
c. merger.
ANS: B DIF: Easy REF: p. 39 TOP: Markets
MSC: Remembering
3. In the United States about 90 percent of all goods and services are produced by
a. the government. d. firms.
b. consumers. e. nonprofit organizations.
c. unions.
ANS: D DIF: Easy REF: p. 39 TOP: Consumers and Firms
MSC: Remembering
4. Individuals who purchase the final goods and services of an economy are called
a. consumers. d. markets.
b. firms. e. entrepreneurs.
c. businesses.
ANS: A DIF: Easy REF: p. 39 TOP: Consumers and Firms
MSC: Remembering
9. This table shows the number of theater tickets the public is willing to buy for a particular show at
various prices. If we plotted the points in this table, the result would be a ________ curve.
a. growth d. supply
b. demand e. production possibilities
c. cost
ANS: B DIF: Moderate REF: p. 40
TOP: The Demand Side of the Market MSC: Understanding
10. If 1,375 seats were available at any particular time, the equilibrium price would be
a. $20. d. $35.
b. $25. e. $40.
c. $30.
ANS: D DIF: Moderate REF: pp. 48–49 TOP: Equilibrium Price
MSC: Analyzing
12. Changes in which of the following would be excluded from a list of factors causing the demand curve
to shift?
a. consumer tastes d. the number of consumers in the market
b. consumer incomes e. the level of other prices
c. the price of the good
ANS: C DIF: Moderate REF: pp. 40–45
TOP: The Demand Side of the Market MSC: Evaluating
15. A fall in which of the following increases the demand for large automobiles?
a. the price of small automobiles
b. the price of gasoline
c. the price of large automobiles
d. buyers’ incomes
e. consumers’ preferences for driving large automobiles
ANS: B DIF: Moderate REF: pp. 41–44
TOP: The Demand Side of the Market MSC: Evaluating
16. A significant increase in the toll rates on a major turnpike leads to an increase in the
a. number of vehicles using the turnpike.
b. demand for vehicle and food services provided by the turnpike service areas.
c. demand for toll booth attendants.
d. supply of turnpikes in the same region.
e. demand for travel on parallel, nontoll roadways.
ANS: E DIF: Moderate REF: pp. 41–44
TOP: The Demand Side of the Market MSC: Evaluating
J.
K.
Kellermann, 255.
L.
Lacretelle, 264.
Lacroix, 237.
Lakanal, 216.
Lally-Tollendal, 100.
Laplanche, 231.
Lecarpentier, 216.
Linguet, 107.
Locke, 110
Loire, war on the, 205.
Louis XI, 5.
M.
Malmesbury, 277.
Manfredini, 42.
Maréchaussée, the, 8.
Maret, 108.
Masséna, 274.
Maury, 99.
Messidor, 228.
Milhaud, 274.
Moreau, 274.
Morelly, 36.
N.
Newton, 110.
Ney, 274.
Nivôse, 227.
P.
Paris, excitement and distress in, 26, 51, 58, 59, 60, 67, 68, 69,
133,
136, 171, 173;
influence of, on finance of Constituent Assembly, 89, 95;
clubs in, 105, 106, 144;
numbers of Jacobins in, 143;
government of, 145-147;
Prison Massacres in, 175-179;
agitation against Louis, 171, 173, 191;
the Girondists and, 193, 196-205;
under the Terror, 222-228, 242, 260;
Reaction in, 263, 264, 271, 272, 273, 279, 281.
Paris, Parlement of, 49, 50.
Payan, 256.
Pluviôse, 228.
Pombal, 42.
Prairial, 228.
See Insurrection.
Q.
Quesnai, 36.
R.
Reynaud, 217.
Richard, 274.
Santerre, 172.
Sémonville, 126.
Sergent, 178.
Soult, 274.
Suvórof, 277.
T.
Talon, 126.
Thermidor, 228;
insurrection of, 259, 260.
Thibeaudeau, 263.
Thugut, 276.
Tronchet, 103.
V.
Vacheron, 231.
Vendémiaire, 227;
insurrection of, 281.
Ventôse, 228.
Victor, 274.
Volney, 107.
W.
Westermann, 237.
Y.
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