经济学原理复习题英文版.docx

经济学原理复习题英文版.docx

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经济学原理复习题英文版

经济学原理复习题

1.Youhave$100insavings.Youcouldearnfourpercentinterestifyouputthe$100inabanksavingsaccountforayear.Whatisyouropportunitycostifyouputthe$100underthepillowofyourbedinstead?

B

A）$0.00.B）$4.00.C）$100.00.D）$104.00.

2.________focusesonthepricesofindividualgoodsandservicesand_______focusesontherateofinflation.

A）Microeconomics;macroeconomicsB）Macroeconomics;microeconomicsA

C）Microeconomics;microeconomicsD）Macroeconomics;macroeconomics

3.RefertoTable1.Matthew’sopportunitycostofdesigningoneWebsiteisC

A）1/5ofabrochure.B）4brochures.C）5brochures.D）10brochures.

4.RefertoTable1.Andrew’sopportunitycostofdesigningoneWebsiteisC

A）1/4ofabrochure.B）2brochures.C）4brochures.D）8brochures.

5.RefertoTable1._______hasacomparativeadvantagein________brochures.D

A）Matthew;bothWebsitedesignandinB）Andrew;bothWebsitedesignandin

C）Matthew;WebsitedesignandAndrewhasacomparativeadvantagein

D）Andrew;WebsitedesignandMatthewhasacomparativeadvantagein

6.RefertoTable1.Tomaximizetotalproduction,B

A）MatthewshouldspecializeinWebsitedesignandAndrewshouldspecializeinbrochures.

B）AndrewshouldspecializeinWebsitedesignandMatthewshouldspecializeinmakingbrochures.

C）MatthewandAndrewshouldbothsplittheirtimebetweenmakingbrochuresandWebsitedesign.

D）MatthewshouldmakebrochuresanddesignWebsites,butAndrewshouldonlymakebrochures.

7.RefertoTable1.Andrew’sopportunitycostofdesigningfourWebsitesis__________brochuresforgone.B

A）8B）16C）20D）anindeterminatenumberof

8.RefertoTable1.Matthew’sopportunitycostofdesigningthreeWebsitesis__________brochuresforegone.

A）12B）13C）15D）20C

9.RefertoFigure1.TheeconomyiscurrentlyatPointA.TheopportunitycostofmovingfromPointAtoPointBisthe______desktopcomputersthatmustbeforgonetoproduce_______additionallaptopcomputers.D

A）60;10B）20;30C）80;20D）20;10

10.RefertoFigure1.ThemarginalrateoftransformationinmovingfromPointAtoPointBisB

A）5.B）-2.C）-2.8.D）-4.

11.RefertoFigure1.ForthiseconomytomovefromPointBtoPointCsothatanadditional10laptopcomputerscouldbeproduced,productionofdesktopcomputerswouldhavetobereducedbyC

A）exactly20.B）fewerthan20.C）morethan20.D）exactly40.

12.RefertoFigure1.ThebestpointforsocietywouldbeD

A）PointC,asatthispointthereareapproximatelyequalamountsofdesktopandlaptopcomputersbeingproduced.

B）eitherPointBorPointC,asthetotalamountbeingproducedateitherofthesepointsis

approximatelythesame.

C）atanyofthelabeledpoints,asallofthepointsrepresentanefficientallocationofresources.

D）indeterminatefromthisinformation,aswedon'thaveanyinformationaboutthesociety'sdesires.

13.RefertoFigure2.A__________representseconomicgrowth.B

A）shiftfromppf2toppf1B）shiftfromppf1toppf2

C）movementfromonetoanotherpointalongppf1D）movementfromonetoanotherpointalongppf2

14.RefertoFigure2.A__________bestrepresentsanimprovementintechnology.B

A）shiftfromppf2toppf1B）shiftfromppf1toppf2

C）movementfromonetoanotherpointalongppf1D）movementfromonetoanotherpointalongppf2

15.RefertoFigure2.A（n）_________willshiftaneconomy'sproductionpossibilityfrontierfrom

ppf1toppf2.D

A）decreaseinunemploymentB）increaseintheuseofexistingvacantland

C）changeinconsumer'stastesforthetwogoodsD）increaseinitscapitalstock

16.RefertoFigure2.A（n）________willNOTcausetheproductionpossibilityfrontiertoshiftfromppf1toppf2.D

A）increaseinacountry’slandareaB）improvementintechnology

C）increaseinthestockofcapitalD）decreaseintheunemploymentrate

17.RefertoFigure3.WhichofthefollowingwouldbemostlikelytocausethedemandforDr.Pepper

toshiftfromD0toD1?

A

A）adecreaseinincome,assumingthatDr.Pepperisanormalgood

B）anincreaseinthepriceof7-UP,assuming7-UPisasubstituteforDr.Pepper

C）adecreaseinthepriceofDr.Pepper

D）areductioninthepriceofsugarusedtomakeDr.Pepper

18.RefertoFigure4.Asyourincomeincreased,yourdemandforXshiftedfromD1toD2.Xisa（n）________goodforyou.A

A）inferiorB）normalC）luxuryD）income-neutral

19.RefertoFigure5.WhentheeconomymovesfromPointAtoPointB,therehasbeenan_________and

an________.B

A）increaseindemand;increaseinsupply

B）increaseindemand;increaseinquantitysupplied

C）increaseinquantitydemanded;increaseinquantitysupplied

D）increaseinquantitydemanded;increaseinsupply

20.RefertoFigure5.WhentheeconomymovesfromPointAtoPointC,therehasbeenA

A）adecreaseinsupplyandadecreaseinquantitydemanded.

B）adecreaseinquantitysuppliedandadecreaseindemand.

C）adecreaseinsupplyandanincreaseinquantitydemanded.

D）anincreaseinsupplyandadecreaseinquantitydemanded.

21.RefertoFigure5.WhentheeconomymovesfromPointAtoPointE,therehasbeenA

A）anincreaseindemandandanincreaseinsupply.

B）adecreaseindemandandadecreaseinsupply.

C）anincreaseindemandandadecreaseinsupply.

D）anincreaseinquantitydemandedandanincreaseinquantitysupplied.

22.RefertoFigure5.WhentheeconomymovesfromPointEtoPointB,therehasbeenC

A）anincreaseinsupplyandanincreaseinquantitydemanded.

B）anincreaseinbothsupplyanddemand.

C）adecreaseinsupplyandanincreaseindemand.

D）adecreaseinsupplyandanincreaseinquantitydemanded.

SCENARIO1:

Lettuceandspinacharesubstitutes.Lettuceandtomatoesarecomplements.Lettuceisanormalgood.Duringthewinter,about20%ofthelettucecropwasdestroyedbyflooding.

23.RefertoScenario1.Asaresultofthefloodingduringthewinter,youwouldexpectthatB

A）thepriceoflettucewouldrise,thesupplyoflettucewouldincrease,andthequantitydemandedof

lettucewoulddecrease.

B）thesupplyoflettucedecreased,thepriceoflettucerose,andthequantitydemandedoflettuce

decreased.

C）thepriceoflettuceroseandboththequantityoflettucesuppliedandthequantityoflettuce

demandedincreased.

D）thesupplyoflettucedecreased,thepriceoflettucerose,andthedemandforlettucedecreased

24.RefertoScenario1.Thefloodsthatdestroyedpartofthelettucecropwouldhavecausedtheequilibriumpriceofspinachto________andtheequilibriumquantityofspinachto________.C

A）fall;decreaseB）fall;increaseC）rise;increaseD）rise;decrease

25.RefertoScenario1.Thefloodsthatdestroyedpartofthelettucecropwouldhavecauseda（n）________inthe__________tomatoes.B

A）increase;demandforB）decrease;demandfor

C）increase;quantitydemandedofD）decrease;quantitydemandedof

26.RefertoScenario1.Atthesametimethatpartofthelettucecropwasdestroyed,consumerincomealsodecreased.Ceterisparibus,inthemarketforlettucethiswouldhavecausedD

A）boththeequilibriumpriceandquantitytodecrease.

B）theequilibriumpricetoriseandtheequilibriumquantitytodecrease.

C）theequilibriumpricetofall.Theequilibriumquantitycouldhaveincreased,decreased,orremainedthe

same.

D）theequilibriumpricetoeitherrise,fall,orremainthesameandtheequilibriumquantitytodecrease.

27.RefertoScenario1.Thegovernmentwantstoprotectconsumersfromrisingfoodprices.Therefore,pricerestrictionsareimposedonlettucegrowersprohibitingthemfromraisingthepriceoflettuce.Thiswillcause

A）anexcesssupplyoflettuce.B）anexcessdemandforlettuce.B

C）anincreaseinthedemandforlettuce.D）adecreaseinthesupplyoflettuce.

28.RefertoFigure6.Attheworldpriceof$20percomputerchip,theUnitedStatesimports_______millioncomputerchips.B

A）2B）6C）10D）12

29.RefertoFigureIfa$5.00eachcomputerchiptaxisleviedonimportedcomputerchips,theUnitedStateswillimport_____millioncomputerchips.D

A）6B）10C）4D）2

30.RefertoFigureIftheUnitedStateseliminatesalltaxesoncomputerchips,thepriceofcomputerchipsintheUnitedStatesC

A）wouldbe$15percomputerchip,andtheUnitedStateswouldimport10millioncomputerchips.

B）wouldbe$25percomputerchip,andtheUnitedStateswouldimport2millioncomputerchips.

C）wouldbe$20percomputerchip,andtheUnitedStateswouldimport6millioncomputerchips.

D）cannotbedeterminedfromthisinformation.

31.RefertoFigure6.Assumethatinitiallythereisfreetrade.IftheUnitedStatesthenimposesa$5.00taxonimportedcomputerchips,B

A）thequantitydemandedofcomputerchipswillbereducedby4millioncomputerchips.

B）thequantityofcomputerchipssuppliedbyU.S.firmswillincreaseby2millioncomputerchips.

C）thepriceofcomputerchipsintheUnitedStateswilldecreaseto$15.

D）U.S.importsofcomputerchipswillincreaseby1millioncomputerchips.

32.RefertoFigure6.Assumethatinitiallythereisfreetrade.IftheUnitedStatesthenimposesa$5.00percomputerchiptaxonimportedcomputerchips,thetaxrevenuegeneratedwillequal______million.B

A）$50B）$10C）$60D）$75

33.RefertoFigure7.ThedemandformilkshakesisunitarilyelasticatPointC.IfthepriceofamilkshakeisreducedfromP3toP4,totalrevenueB

A）willincrease.B）willdecrease.C）willremainconstant.