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Dwnload Full Microeconomics 3rd Edition Hubbard Test Bank PDF
Dwnload Full Microeconomics 3rd Edition Hubbard Test Bank PDF
https://testbankfan.com/download/microeconomics-3rd-edition-hubbard-test-bank/
1) ________ exists because unlimited wants exceed the limited resources available to fulfill
those wants.
A) Scarcity
B) Productive efficiency
C) The command economy
D) Economic growth
Answer: A
Comment: Recurring
Diff: 2 Page Ref: 38/38
Topic: Scarcity
Objective: LO1: Use a production possibilities frontier to analyze opportunity costs and trade-
offs.
AACSB: Reflective Thinking
Special Feature: None
2) To compete in the automobile market, BMW must make many strategic decisions such as
whether to introduce a new car model, whether to produce alternative-fuel vehicles, and where to
advertise. At BMW's Spartanburg, South Carolina plant, managers must decide on the monthly
production quantities of their Z4 and X5 models. In making this decision, the managers
A) face no trade-off because the Spartanburg plant only produces these two models of the many
BMW models produced worldwide.
B) face a trade-off, because producing more of one model means producing less of the other.
C) will choose to only produce the quantity of Z4 and X5 models where marginal cost equals
zero.
D) will always decide on production quantities in which revenues are maximized.
Answer: B
Diff: 2 Page Ref: 37/37
Topic: Opportunity Cost
Objective: LO1: Use a production possibilities frontier to analyze opportunity costs and trade-
offs.
AACSB: Reflective Thinking
Special Feature: Chapter Opener: Managers Making Choices at BMW
1
Copyright © 2010 Pearson Education, Inc.
5) ________ shows that if all resources are fully and efficiently utilized, more of one good can
be produced only by producing less of another good.
A) Comparative advantage
B) Absolute advantage.
C) The mixed market system
D) The production possibilities frontier model
Answer: D
Comment: Recurring
Diff: 2 Page Ref: 38/38
Topic: Production Possibilities Frontiers
Objective: LO1: Use a production possibilities frontier to analyze opportunity costs and trade-
offs.
AACSB: Reflective Thinking
Special Feature: None
2
Copyright © 2010 Pearson Education, Inc.
6) The production possibilities frontier model assumes all of the following except
A) labor, capital, land and natural resources are fixed in quantity.
B) the economy produces only two products.
C) any level of the two products that the economy produces is currently possible.
D) the level of technology is fixed and unchanging.
Answer: C
Comment: Recurring
Diff: 2 Page Ref: 38/38
Topic: Production Possibilities Frontiers
Objective: LO1: Use a production possibilities frontier to analyze opportunity costs and trade-
offs.
AACSB: Reflective Thinking
Special Feature: None
7) The ________ production points on a production possibility curve are the points along and
inside the production possibility frontier.
A) attainable
B) unattainable
C) productively efficient
D) allocatively efficient
Answer: A
Comment: Recurring
Diff: 1 Page Ref: 38/38
Topic: Production Possibilities Frontiers
Objective: LO1: Use a production possibilities frontier to analyze opportunity costs and trade-
offs.
AACSB: Reflective Thinking
Special Feature: None
3
Copyright © 2010 Pearson Education, Inc.
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ADDITIONAL NOTES.
A. Note that in Appendix the word translated Archpriest is in the
original Archiereus, and signifies the Bishop. There is however
another word which can only be translated into English by the term
Archpriest, namely Protoiereus, but this is a title borne by many
priests who are not of episcopal rank.
B. And note that in the Psalms the Orthodox Church follows the
Septuagint and not the Hebrew enumeration.
ERRATA.
Page xi, line 17 of Notes, omit Archpriest. A Bishop, as
being calculated to give a wrong
impression. See Additional Note A,
page xxxix.
” 51, ” 3 of foot-note, for of read in.
” 61, ” 8, and page 62, line 27, for Gallilee read
Galilee.
” 64, ” 3, for help-meet read helpmeet.
” 103, ” 16, for who read whom.
” 142, lines 10 and 11, and page 158, lines 13 and 14, for
we ask of thee, O Christ, read let us
ask of Christ.
” 158, line 4, after for insert the repose of.
” 160, ” 18, descendants’, omit the apostrophe.
Transcriber’s Note: The errata have been corrected, including any obvious errors in the
punctuation that were found.
TREBNIK.
MOSCOW.
At the Synodal Press.
MDCCCLXXXII.
Be it known that on the eighth day after birth the babe is brought
by the nurse to the temple, and she standeth before the doors of the
temple.
And the priest maketh,
Blessed be our God... Trisagion. O most holy Trinity... And after
Our Father... For thine is the kingdom...
Then the troparion of the day, or of the holy habitation. And the
priest signeth its forehead, mouth, and breast, and saith the prayer.
Let us pray to the Lord.
O Lord our God, to thee we pray, and on thee we call, Let the light of
thy countenance be signed on this thy servant (or, on this thine
handmaid), name, and be he signed with the cross of thine only-
begotten Son in his heart and understanding, that he may flee the
vanity of the world and every evil device of the enemy, and may keep
thy commandments; and grant, O Lord, that thy holy name may
remain upon him unrenounced, when at the fitting time he shall be
conjoined with thy holy church, and be perfected with the terrible
mysteries of thy Christ, that, living according to thy commandments
and preserving the seal unbroken, he may attain unto the
blessedness of thine elect in thy kingdom, through the grace and
love to man of thine only-begotten Son, with whom thou art blessed,
together with thy most holy, and good, and life-creating Spirit, now
and ever, and to ages of ages. Amen.
Then, taking the child in his hands, he standeth before the doors
of the temple, or before the image of the most holy God-bearing one,
and maketh the sign of the cross, saying,
Hail, grace-accorded God-bearing Virgin! for out of thee the sun of
righteousness, Christ our God, hath shined, enlightening them that
are in darkness. And thou, O righteous elder, be thou glad, receiving
in thine arms the deliverer of our souls, even him that granteth
resurrection unto us.
And the dismissal is made.
It is necessary to know that, if the newly born babe, being
exceedingly weak, do not suck, but appear likely to die, it behoveth
not to wait six or eight days, and then to baptize it, as some wickedly
say; but at the very hour of its birth to wash it only, and immediately
to baptize it, that it die not unilluminated. Since they that are five
months pregnant are, by the laws and canons, responsible for
murder, if it happen that by any shock they abort the babe, so much
the more is it necessary to avoid the condemnation of them that are
brought forth, that they die not unilluminated.
Chapter III.
PRAYERS FOR A PARTURIENT WOMAN AFTER
FORTY DAYS.