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First Edition Published in March-April 2008 . http://cws.cengage.co.uk/mankiw_taylor/students/mcqs.htm. A numerical value used as a summary measure for a sample, such as sample mean, is known as a a. population parameter b. Answers to Textbook Questions and Problems CHAPTER 1 The Science of Macroeconomics Questions for Review 1. He began his study of economics at Princeton University... https://www.macmillanihe.com/page/detail/macroeconomics-n-gregory-mankiw/?sf1=barcode&st1=9781319243586. Microeconomics is the study of how individual firms and households make decisions, and how they interact with one another. Answers to Economics Multiple Choice Questions are available at the end of the last question. Vak. 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