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Test Bank Principles of Macroeconomics, 8th Canadian Edition Mankiw A+
- From Business, General Business
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- Which word comes from the Greek word for “one who manages a household”?
- market b. bank
c. government d. economy
ANSWER: d
- From which of the following is the word “economy” derived?
- one who consumes goods b. one who manages a household
c. one who participates in a market d. one who governs a country
ANSWER: b
- What do households and economies have in common?
- They both must allocate scarce resources.
- They both face difficulties saving mone
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