微观经济学前四章习题Word文件下载.docx

微观经济学前四章习题Word文件下载.docx

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A）periodsoffamine.

B）monopolizationofexistingsuppliesofgoods.

C）monopolizationofresourcestoprovidegoods.

D）monopolizationofoutletstosellgoods.

E）noneoftheabove.

E

4."

Distribution"

ineconomicsrefersto:

A）retailing,wholesaling,andtransportation.

B）what.

C）how.

D）forwhom.

E）noneoftheabove.

D

5.Thethreequestionsofwhat,how,andforwhom:

A）relatetothethreefactorsofproduction.

B）existbecauseofscarcity.

C）aremoreofaprobleminamarketeconomy.

D）aremoreofaprobleminacommandeconomy.

E）arenolongerrelevant.

6.Thedescriptionofeconomicsas,"

coolheadsintheserviceofwarmhearts"

meansthat:

A）allocatingscarceresourcesmayrequirepainfuldecisions.

B）costsandbenefitsneedtobeweighedobjectively.

C）theproperbalancemustbestruckbetweenthedisciplineofthemarketandthegenerosityofthewelfarestate.

D）alloftheabove.

7.Whenmovingalongaproductionpossibilitiesfrontier,theopportunitycosttosocietyofobtainingmoreofoneofthetwogoods:

A）ismeasuredindollarterms.

B）usuallydecreasesasmoreofthegoodisproduced.

C）ismeasuredbytheamountoftheothergoodthatmustbegivenup.

D）ismeasuredbytheadditionalresourcesthatmustbeusedtoproducethegood.

E）isusuallyconstant.

C

8.Thesedatareflectthreepossiblecombinationsoffoodandnothingthatcanbeproducedfromagivensetofresources.

Food1050

ClothingOX50

Refertotheabovedata.Ifbothclothingandfoodalwaysuseallinputsinthesameproportion,thenXmustbe:

A）25.

B）morethan25.

C）lessthan25.

D）50.

E）cannotnotbedeterminedfromthedata

9.Beingontheproduction-possibilityfrontierbetweengunsandbuttermeansthat:

A）itisimpossibletoproduceanymoreguns.

B）itisimpossibletoproduceanymorebutter.

C）moregunscanbeproducedonlybydoingwithoutsomebutter.

D）populationisinequilibrium.

E）ifsocietybecomesmoreproductiveinproducingbutter,thenwecanhavemorebutterbutnotmoreguns.

10.Ashiftinaproduction-possibilityfrontiercanresultfrom:

A）unemployment.

B）inflation.

C）changesinproductiontechniques.

D）changesinthecombinationofgoodsproduced.

E）changesinconsumers'

tastes.

11

Figure1-1

Whichpointontheproduction-possibilityfrontiersdrawninFigure1indicatesnoconsumptiongoodsbeingproduced?

A）A.

B）B.

C）C.

D）D.

E）E.

Ans:

12.Ofthefollowingpoints,whichpointreflectsthemostefficientuseofavailableresourcesinrelationtofrontierAEinFigure1-1?

A）F.

B）G.

D）H.

E）Cannottellfromtheinformationprovided.

13.RelativetofrontierA'

E'

inFigure1-1,whichofthefollowingpointsisleastefficient?

A）B'

.

B）C'

C）B.

D）C.

E）F.

14.PointAonwhichpanelinFigure1-2representsaninefficientuseofresources?

A）PanelA.

B）PanelB.

C）PanelC.

D）PanelD.

E）PanelE.

15.Foratheorytobeuseful,itmustbeconfirmedineachtestcase.

False

CHAPTER2

1.Inamarketsystem,thewhatdecisionismademostbasicallyby

A）representativegovernment.

B）nationalplanning.

C）bankers.

D）advertisersandtheirabilitytopersuadebuyers.

E）spendingdecisionsofthosewithmoney.

2.Inamarketeconomy,thepresumedharmonybetweenindividualandpublicinterestdependsupon:

A）thegoodwillofprivatebusinesspeople.

B）carefulplanningandcoordinationofeconomicactivity.

C）altruismonthepartofconsumers.

D）competitivemarketsandthepursuitofself-interestbyindividuals.

E）thewisdomofgovernmentdecisions.

3.Pollutioncontrolpolicyisdirectedfirstandforemostatimproving:

A）equity.

B）efficiency.

C）stability.

E）noneoftheabove

4.Whoisinchargeofamarketeconomy?

Thatis,whatagentsandfactorsarethemostimportantindeterminingmarketoutcomes?

A）Largecompanies.

B）Congressandthepresident.

C）Consumersalone.

D）Allproducers.

E）Consumersandtechnology.

5.Theprincipleofthe"

invisiblehand"

claimsthat:

A）theselfishpursuitsofeveryone'

sowninterestwillleadtothebestgoodforallundermarketcompetition.

B）governmentmustgentlyguideeconomicactivitysothatthebestforallwillbeattained.

C）governmentpoliciesworklikeaninvisiblehand,steeringresourcestotheirbestuse.

D）producersmustquietlycooperatesothatpricesarenotsolowastocauselosses.

6.Consumersvotetheirdollarsprimarilyin:

A）labormarkets.

B）landmarkets.

C）capitalmarkets.

D）goodsmarkets.

7.Whichofthefollowingstatementsistrueofspecialization?

A）Specializationisinconsistentwiththeideaofindividualfreedom.

B）Economiesthatpracticeadivisionoflaboraremorallysuperiortothosethatdonot.

C）Inacceptingspecialization,apersonsacrificeshisorherowninterestsforthesakeofsociety'

sinterest.

D）Whilespecializationhasenormousadvantages,thecostsoutweighthem.

E）Increasedproductivityismorelikelytobeachievedthroughspecialization.

8.Whichofthefollowingisnotanexampleofgovernmentregulationdesignedtocurbanegativeexternality?

A）Anti-childlaborlaws.

B）Anti-pollutionlaws.

C）Anationalsalestax.

D）Legislationagainststripmining.

E）TheCleanAirAct.

9.Pricesinfactormarketsareprimarilydeterminedby

A）governmentregulation.

B）bigbusinesscollusion.

C）theinteractionofbusinesssupplywithouthouseholddemand.

D）theinteractionofhouseholdsupplywithbusinessdemand.

10.Aneconomydominatedbyimperfectcompetitionischaracterizedby

A）toomuchoutput,andlowpricescomparedtoperfectcompetition.

B）sameamountofoutput,andlowpricescomparedtoperfectcompetition.

C）toolittleoutput,andlowpricescomparedtoperfectcompetition.

D）toolittleoutput,andhighpricescomparedtoperfectcompetition.

E）toomuchoutput,andhighpricescomparedtoperfectcompetition.

11.Whichofthefollowingisthekeyrequirementforimperfectcompetition?

A）Advertising.

B）Manybuyers.

C）Manysellers.

D）Abilityofabuyerorsellertoaffectagood'

sprice.

E）Governmentpolicies.

12.Ofthethreebasicproblemsinourmoderneconomy,pricesinamarketsystemsolve:

A）whatandforwhom,butphysicalscientistssolvehow.

B）whatandhow,butforwhomisdeterminedbysocialscientists.

C）howandforwhom,butCongresssolvesthewhat.

D）eachoftheabove,andnotwoarecontradictory.

E）noneoftheaboveisaccurate.

13.Whichofthefollowingwouldbestdetermine,inamarketeconomy,theanswertotheforwhomquestion?

A）Fairness.

B）Internationaltradepatterns.

C）Pricingoffactorsofproductionthatpeopleown.

D）Costminimization.

E）Consumers'

tastesandneeds.

14.Howgoodsareproducedisdeterminedby:

A）consumerdemand.

B）governmentinterventiontoforcebusinessestoproducegoodscheaply.

C）bigbusinessactivity.

D）businesscompetitiontobuyfactorinputsandsellgoodsmostcheaply.

15.A"

mixedeconomymayinvolvebothperfectandimperfectcompetition.

True

CHAPTER3

1.IfEweretheoldequilibriuminthemarketforwheatinthefigurebelow,andE'

thenewone,whichofthefollowingcouldhavecausedthechange?

A）Consumerincomerose,causingasupplyshift.

B）Badweathercausedasupplyshift.

C）Consumerincomerose,causingademandshift.

D）Supplyanddemandbothshifted.

E）Noneoftheaboveareplausibledescriptions.

2.Thedemandcurveforanormalgoodwillshifttotheleftif:

A）incomeincreases.

B）populationincreases

C）thepriceofasubstitutegooddecreases.

D）alltheabove.

3.Apriceatwhichtheamountpeoplewishtobuyexceedstheamountthatpeoplewishtoproduce（givenupward-slopingsupplycurves）:

A）liesabovetheequilibrium,marketclearingprice.

B）liesbelowthemarketclearingprice.

C）willinduceashiftinthedemandscheduletoachieveequilibrium.

D）isimpossible.

E）isnoneoftheabove.

4.AnincreaseinthesupplyofcommodityXforanygivenpriceofXcouldbeexpectedtobecausedby

A）anincreaseinthepricesofothercommodities.

B）anincreaseinthepricesoffactorsofproductionimportanttothiscommodity.

C）areductioninthepricesoffactorsofproductionimp