最新微观经济学选择题100道答案文档格式.docx

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最新微观经济学选择题100道答案文档格式.docx

sproductionofy.

C)MorethancountryA'

D)Cannotbedeterminedfromthegraph.

E)Noneoftheabove.

5.Massunemploymentofresourcesmeanssocietyoperates

production-possibilityfrontier.

6.

the

Iftwogoodsusethesameresourcesandthesametechnology,productionpossibilitiescurvebetweenthetwogoodswillhaveapositiveslope.

7.Itisscarcitythatmakesgoodseconomicgoods.

8.Whichofthefollowingisthemostbasicofthesubjectswithwhichthestudyofeconomicsmusttrytodeal?

A)Markets.

B)Money.

C)Profitseeking.

D)Thepricemechanism.

E)Scarcity.

9.Poormoneymanagementbythegovernment,asidefromincreasingtheunemploymentrate,willhavearelativelysmalleffectontheeconomy.

Figure2

10.InFigure2,whatisCountryB'

scostofproducing1unitofxintermsofy?

A)10unitsofy.

B)1/2unitsofy.

C)5unitsofy.

D)2unitsofy.

11.Barterisinconvenientbecause:

A)bargainingpowerisunequalbetweenrichandpoor

B)withoutmoney,whocandefine"

fair"

values?

C)mywantsandsuppliesdonotmatchyoursuppliesandwants.

D)itleadstoimperfectcompetition.

E)alloftheabove.

12.Theeconomicroleofgovernmentinmixedeconomiescaninclude:

A)provisionofpublicgoods.

B)taxcollections.

C)incomeredistribution.

D)alloftheabove.

E)noneoftheabove.

13.Bythe"

invisiblehand,"

Smithmeanttheinflueneeandlobbyingofthehiddeninterestgroups.

14.Asocietywhichforgoespresentconsumption:

A)isforcedtodosobecauseofexcessiveconsumptionwithinthecountryinthepast.

B)maybedevotingnewresourcestonewcapitalformation.

C)ismerelydevotingresourcestothereplacementofcapital.

D)expectstoconsumeonlythatamounttomorrowwhichwasforegonetoday.

E)doesnoneoftheabove.

15.Aneconomicgoodisvaluedinpartbyitsscarcity.

16.Thestatementthatroundaboutmethodsofproductionareoftenmoreefficientthanmoredirectmethods:

A)meansthatroundaboutmethodsusethesameinputsasmoredirectmethods,exceptfortime,whichisnotascarceeconomicgood.

B)meansthatconsumersoughttochoosethosegoodswhichmostlendthemselvestoroundaboutmethodsofproduction.

C)meansthatthemostroundaboutmethodisalwaysthemostefficientmethodofproducinganyoutput.

D)isfalse,fordirectandindirectmethodsofproductionareusuallythesameintermsofefficiency.

E)suggeststhatforegoneconsumptiondevotedtoinvestmentsometimesincreasesfutureoutputinwaysthatmorecloselymatchindividualand/orsocialdesires.

17.Whichofthefollowingstatementsistrueofspecialization?

A)Specializationisinconsistentwiththeideaofindividualfreedom.

B)Economiesthatpracticeadivisionoflaboraremorallysuperiortothose

thatdonot.

C)

Inacceptingspecialization,apersonsacrificeshisorherowninterests

forthesakeofsociety'

sinterest.

D)

Whilespecializationhasenormousadvantages,thecosts

them.

E)

Increasedproductivityismorelikelytobeachieved

specialization.

18.

Inanaffluentmodernsociety,businessesmayhavetoofferworkers

morefulfillingjobs.

A)

True

False

19.

Consumersvotetheirdollarsprimarilyin:

labormarkets.

landmarkets.

capitalmarkets.

goodsmarkets.

noneoftheabove.

20.Anexampleoflegallimitationsonpropertyrightsistheprohibitionof

pollution.

21.

Lowerpricescoaxouthigherquantitiesdemanded

downward-slopingdemandcurve.

outweigh

through

alonga

22.

Anincreaseinpricewillleadtoalowerquantitydemandedbecause:

supplierswillsupplyonlythesmalleramount.

qualitydeteriorates.

peoplewillpurchaselessofthegood.

alloftheabove.

Usethefollowingtoanswerquestion23:

25.Upward-slopingsupplycurvesaretheresultof:

A)increasingreturnstoscale.

B)increasingcostsofproduction.

C)changesingovernmentpolicies.

D)changesintechnology.

E)noneoftheabove

26.Tosaythataprice"

clearsthemarket"

istosaythateveryonewho

wantsthatcommodityisgettingalltheywant.

27.ThepositionofthesupplyscheduleforAmerican-madecarswillnotbedirectlyaffectedbywhichofthefollowing?

A)Unionwagerates.

B)Carprices.

C)Thepossibilityofstrikes.

D)Achangeinassemblytechnology.

E)Alloftheabovewillaffectsupply.

28.Thedemandcurveforanormalgoodwillshifttotherightif:

A)incomeincreases.

B)populationincreases.

C)thepriceofasubstitutegoodincreases.

D)alltheabove.

29.Givenafixedsupplyoflambchops,areductioninthepriceofpork

chops(closesubstitutes)willtendto:

(这类题比容易出)

A)shiftthedemandcurveforlambchopstotheright.

B)shiftthedemandcurveforporkchopstotheright.

C)shiftthedemandcurveforporkchopstotheleft.

D)raisethepriceoflambchops.

E)lowerthepriceoflambchops.

30.Onereasonthatsupplycurvesdisplaypositiveslopeisthat:

A)expandedproductionmayrequiretheuseofsuperiorresources.

B)peoplearenotwillingtopayahigherpriceformoregoods.

C)expandedindustryoutputmightcausealaborshortageand

subsequentlyincreasethewagerateincludedinthecostofproduction.

D)extraproductionbringsinthemoreefficient,lower-costproducers.

E)thelawofdiminishingreturnsisimportanttoproducers.

31.Ifa1percentchangeinpricecausesa5percentchangeinquantitydemanded,thendemandispriceinelastic.

32.Whenevertotalexpenditure(i.e.,totalrevenue)remainsthesameafter

achangeinprice,theelasticityofdemandis:

greaterthan1.

lessthan1.

equalto0.

equalto1.

equaltoinfinity

33.

we

are

Ifpriceandquantitysoldbothdecreasefromoneperiodtoanothermayinferthatthelawofdownward-slopingdemanddoesnotoperateinthatmarket.

(重要)34.In"

tight"

housingmarkets,rentcontrolsareoftenappliedto

holdthepriceofhousingtoa"

reasonable"

level.Whatistheimmediateeffect

ofthispricepolicywithrespecttotheallocativefunctionsofprices,andtherelativeincomesoftenantsandIandlords?

A)Theallocativefunctionofpricesisimpaired,butthetenantspreventedfromgainingattheexpenseoftheIandlords.

B)Theallocativefunctionofpricesisnotimpaired,andthetenantsarepreventedfromgainingattheexpenseofIandlords.

C)Theallocativefunctionofpricesisimpaired,andthetenantswhofindhousinggainattheexpenseofIandlords.

D)Theallocativefunctionofpricesisnotimpaired,buttheIandlordsgainattheexpenseoftenantswhodonotfindhousing.

35.Whichofthefollowinginefficienciesmightbetheresultofmonopolypower'

sdestroyingacompetitiveequilibrium?

A)Pricestoohigh.

B)Outputtoolow.

C)Wagesdistortedacrosstheeconomy.

D)Inputpricesdistortedacrosstheeconomy.

E)Alloftheabove.

36.Dollarreceiptsforsellersofsomecommoditieswillbelowerathigherprices.

37.Thequantityofagoodwhichapersonwillpurchasewillnotdependonwhichoneofthefollowingitems?

x

A)Thepriceofthegood.

B)Hisorhertastes.

C)Thepricesofsubstitutegoods.

D)Hisorherincome.

E)Theelasticityofsupply.

Usethefollowingtoanswerquestion38:

Price

204060SQ100120QuErntliy

Figure4

38.RefertoFigure4onceagain.Supposethatnowthedemandcurvehas

shiftedtoD'

D'

.AtwhatpointalongD'

ispriceelasticityequalto1?

A)G

B)betweenGandH.

C)H.

D)betweenHandI.

E)I.

39.Rankthesupplycurvesinthefigurebelowinorderofgreatesttoleastpriceelasticityatthecommonintersectionpoint.

A)C,A,B.

B)B,A,C.

C)B,C,A.

D)A,B,C.

40.Apricesubsidyof20centspergallononmilk(whichdoesnothaveatotallyinelasticdemandcurve)willresultina:

A)changeinconsumertastes.

B)dropintheequilibriumpriceof20centspergallon.

C)dropintheequilibriumpriceoflessthan20centspergallon.

D)dropintheequilibriumpriceofmorethan20centspergallon.

41.Thelawofdiminishingmarginalutilitystatesthatthe:

A)ratioofMUtoPforluxuriesislowerthanthatfornecessities.

B)utilityderivedfromthelastunitofthegoodconsumedfallsasthe

consumptionofthegoodincreases.

C)ratioofMUtoPwillbethesameforallgoods.

D)utilityderivedfromtotalconsumptionofagoodfallsasconsumption

increases.

42.Aconsumerissaidtobeinequilibriuminhisorherchoicebetweentwo

good

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