For the tenth edition of The Economic Way of Thinking, Fernando and Yvonn Quijano have prepared a set of carefully selected, nicely written questions for the book's companion website. The test bank offers the following features:

Focus on the understanding of fundamental concepts. After careful reading of the content, the questions were designed to extract the essence of the content and the precise messages the author is trying to convey.

The language of the questions is nicely adapted to the language of the textbook.
Broad, balanced coverage. The questions are nicely spread throughout the chapter.

The incorrect choices are not selected arbitrarily. Each incorrect choice is closely related to the right choice and to the other choices.

Both the correct and incorrect choices offer good explanations that contribute to learning.

All questions are stated in the positive. Students are always asked to identify the correct choice, never to select the wrong answer, or to find "which one is not true."

The fairness of the questions can be easily demonstrated simply by reading the text.

The test bank can be used as a teaching and learning guide. By going through the questions, the main points of the chapter can be easily identified.


Table of Contents

1. The Economic Way of Thinking.
2. Efficiency, Exchange, and Comparative Advantage.
3. Substitutes Everywhere: The Concept of Demand.
4. Opportunity Cost and the Supply of Goods.
5. Supply and Demand: A Process of Cooperation.
6. Supply and Demand: Issues and Applications.
7. Information, Middlemen, and Speculators.
8. Profit and Loss.
9. Competition and Monopoly.
10. Price Searching.
11. Competition and Government Policy.
12. The Distribution of Income.
13. Externalities and Conflicting Rights.
14. Markets and Government.
15. The Overall Performance of Economic Systems.
16. The Supply of Money.
17. Monetary and Fiscal Policies.
18. National Policies and International Exchange.
19. Employment and Unemployment.
20. Promoting Economic Growth.
21. Economic Performance and Political Economy.
22. The Limitations of Economics.