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微观经济学英文版题库完整版
Microeconomics,10e（Parkin）
Chapter6GovernmentActionsinMarkets
1AHousingMarketWithaRentCeiling
1）Apriceceilingisaprice
A）belowwhichasellercannotlegallysell.
B）abovewhichasellercannotlegallysell.
C）thatcreatesasurplusofthegood.
D）BothanswersAandCarecorrect.
Answer:
B
Topic:
PriceCeiling
Skill:
Recognition
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
2）Apriceceiling________.
A）makesitillegaltochargeahigherpricethanthespecifiedprice
B）ismoreeffectivewhenitishigher
C）isnecessarytomaintainmarketequilibrium
D）occursinhousingmarketsonly
Answer:
A
Topic:
PriceCeiling
Skill:
Recognition
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
3）Aprice________isaregulated________thatmustbesetbelowtheequilibriumpricetohaveaneffect.
A）floor;price
B）floor;quantity
C）ceiling;price
D）ceiling;quantity
Answer:
C
Topic:
RentCeiling
Skill:
Recognition
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
4）Inordertohaveaneffect,apriceceilingmustbeset________.
A）abovetheequilibriumprice
B）equaltotheequilibriumprice
C）belowtheequilibriumprice
D）bysuppliers
Answer:
C
Topic:
RentCeiling
Skill:
Recognition
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
5）Arentceilingbelowtheequilibriumrentwillcreate
A）amoreefficientallocationofhousing.
B）alargernumberofapartmentsrented.
C）nochangeinthenumberofapartmentsrented.
D）increasedsearchtimeandblackmarkets.
Answer:
D
Topic:
RentCeiling
Skill:
Recognition
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
6）Arentceiling________.
A）increasesthequantityofrentalunitssupplied
B）cannotchangethemarketprice
C）setaboveequilibriumpricehasnoeffect
D）generallyaimsatinsuringthatlandlordsreceiveahigherrentthanwouldotherwisebethecase
Answer:
C
Topic:
RentCeiling
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
7）Arentceilingsetabovetheequilibriumrent
A）restrictsthequantitydemandedbutnotthequantitysupplied.
B）restrictsthequantitysuppliedbutnotthequantitydemanded.
C）restrictsboththequantitydemandedandthequantitysupplied.
D）hasnoeffect.
Answer:
D
Topic:
RentCeiling
Skill:
Analytical
Questionhistory:
Previousedition,Chapter6
AACSB:
AnalyticalSkills
8）Apriceceiling,suchasarentceiling,
A）alwaysresultsinasurplus.
B）alwaysresultsinashortage.
C）resultsinasurplusiftheceilingpriceislessthantheequilibriumprice.
D）resultsinashortageiftheceilingpriceislessthantheequilibriumprice.
Answer:
D
Topic:
PriceCeiling
Skill:
Recognition
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
9）Whichofthefollowingisaneffectofapriceceilingsetbelowtheequilibriumprice?
A）Lessofthegoodisproducedwiththeceilingthanwouldbeproducedwithouttheceiling.
B）Thepriceceilinghasnoeffectonthemarketequilibrium.
C）Consumerscanbuymorethantheycanattheequilibriumpricebecausetheceilingpriceislower.
D）Noneoftheaboveanswersiscorrect.
Answer:
A
Topic:
PriceCeiling
Skill:
Recognition
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
10）Supposethegovernmentimposesapriceceilingongasolinethatislessthantheequilibriumprice.Asaresult,
A）thepriceofgasolinerisestotheequilibriumprice.
B）thereisincentiveforbuyerstoundertakesearchactivity.
C）thesupplyofgasolinewillincreaseandthesupplycurvewillshiftrightward.
D）thedemandforgasolinewilldecreaseandthedemandcurvewillshiftleftward.
Answer:
B
Topic:
PriceCeiling
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
11）WhichofthefollowingisNOTapotentialimpactofarentceilingsetbelowtheequilibriumrent?
A）asurplus
B）anincreaseinsearch
C）adeadweightloss
D）Noneoftheabovebecausetheyareallimpactsofarentceilingsetbelowtheequilibriumrent.
Answer:
A
Topic:
PriceCeiling
Skill:
Conceptual
Questionhistory:
Modified10thedition
AACSB:
ReflectiveThinking
12）Apriceceilingcanresultinwhichofthefollowing?
A）inefficiency
B）blackmarkets
C）increasedsearchactivities
D）Alloftheaboveanswersarecorrect.
Answer:
D
Topic:
PriceCeiling
Skill:
Analytical
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
13）Sherrywantstorentanapartment.Althoughrentsarebelowwhatsheiswillingtopay,shecannotfindanapartment.Thenafteramonthofsearching,shefindsanapartmentbutshehastopayanadditional$1,000tohavethelockschanged.Sherryhasjustexperiencedtheeffectsof________.
A）arentfloorwithablackmarket
B）inelasticdemand
C）amarketworkingefficiently
D）arentceiling
Answer:
D
Topic:
RentCeiling
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter6
AACSB:
Communication
14）Priceceilings,suchasrentceilings,setbelowtheequilibriumprice
A）increaseproducersurplus.
B）decreaseproducersurplus.
C）donotaffectproducersurplus.
D）mightincreaseordecreaseproducersurplus.
Answer:
B
Topic:
PriceCeiling
Skill:
Recognition
Questionhistory:
Modified10thedition
AACSB:
ReflectiveThinking
15）Whichofthefollowingisaneconomicpolicythatpromotestheefficientquantityofapartments?
A）arentfloorabovetheequilibriumrent
B）arentceilingbelowtheequilibriumrent
C）asalestaximposedonrentinganapartment
D）noneoftheabove
Answer:
D
Topic:
ARegulatedHousingMarket
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter6
AACSB:
AnalyticalSkills
16）Arentceilingresultsinashortage.Asaresult,whichofthefollowingdoyouexpect?
A）Theshortagewillpersistaslongastheceilingisineffect.
B）Discriminationaslandlordschoosetheirtenants,possiblybasedonrace,age,orgender.
C）Ablackmarketforapartmentswherebyhigherrentsareobtainedthroughvariousothercharges.
D）Alloftheabovewouldbeexpected.
Answer:
D
Topic:
ARegulatedHousingMarket
Skill:
Analytical
Questionhistory:
Previousedition,Chapter6
AACSB:
Communication
17）Apriceceilingsetbelowtheequilibriumprice________searchactivityand________theuseofblackmarkets.
A）increases;increases
B）increases;decreases
C）decreases;increases
D）decreases;decreases
Answer:
A
Topic:
ARegulatedMarket
Skill:
Analytical
Questionhistory:
Previousedition,Chapter6
AACSB:
AnalyticalSkills
18）Theopportunitycostofbuyingagoodincludes
I.thepriceofthegood.
II.thevalueoftimespentsearchingforthegood.
A）onlyI
B）onlyII
C）bothIandII
D）neitherInorII
Answer:
C
Topic:
SearchActivity
Skill:
Recognition
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
19）Whenarentceilingisimposedinahousingmarket,theopportunitycostofhousingequalsthe
A）rent.
B）marketequilibriumrentthatwouldprevailintheabsenceofarentceiling.
C）valueofthetimeandresourcesspentsearchingplustherent.
D）consumersurplus.
Answer:
C
Topic:
SearchActivity
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
20）Searchactivity________.
A）occursthereisasurplusofthegood
B）isunnecessarywhenablackmarketexists
C）increaseswhenaneffectivepriceceilingissetonagood
D）decreaseswhenaneffectivepriceceilingissetonagood
Answer:
C
Topic:
SearchActivity
Skill:
Recognition
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
21）Arentceilingsetbelowtheequilibriumrentwill
A）increasesearchactivity.
B）decreasesearchactivity.
C）havenoeffectonsearchactivity.
D）shiftthehousingsupplycurverightward.
Answer:
A
Topic:
SearchActivity
Skill:
Conceptual
Questionhistory:
Modified10thedition
AACSB:
ReflectiveThinking
22）Oneconsequenceofrentceilingssetbelowtheequilibriumrentisthat
A）asurplusofhousingunitsdevelops.
B）rentersarenolongerexploitedbylandlords.
C）itmakesthelong-runhousingsupplymoreelastic.
D）searchcostsforhousingincrease.
Answer:
D
Topic:
SearchActivity
Skill:
Conceptual
Questionhistory:
Modified10thedition
AACSB:
ReflectiveThinking
23）Withrentcontrols,whichofthefollowingismostlikelytooccur?
A）decreasedsearchactivity
B）blackmarketactivity
C）abuildingboom
D）ahousingsurplus
Answer:
B
Topic:
BlackMarkets
Skill:
Recognition
Questionhistory:
Previousedition,Chapter6
AACSB:
Communication
24）________isanillegalactivitybetweenbuyersandsellerssometimesusedtoevadeapriceceiling.
A）Increasedsearchactivity
B）Apricefloor
C）Creatingashortage
D）Ablackmarket
Answer:
D
Topic:
BlackMarkets
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
25）Arentceilingresultsinashortage.Asaresult,whichofthefollowingdoyouexpect?
A）Ashortageofapplicantsfortheapartmentsavailable.
B）Discriminationastenantschoosetheirlandlords,possiblybasedonrace,age,orgender.
C）Ablackmarketforapartmentswherebyhigherrentsareobtainedthroughvariousothercharges.
D）Inthelong-run,moreandmorepeoplewillwanttobecomelandlords.
Answer:
C
Topic:
BlackMarkets
Skill:
Analytical
Questionhistory:
Previousedition,Chapter6
AACSB:
ReflectiveThinking
26）Withrentcontrols,whatmechanismmightarisetobringaboutanequilibrium?
A）decreasedsearchcosts
B）blackmarketac
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