微观经济学题库Word文档格式.docx

微观经济学题库Word文档格式.docx

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three 

（3） 

from 

following 

five 

（5） 

short 

fifteen 

（15） 

marks.

II. 

Term 

definition 

（2 

points 

per 

each. 

20 

in 

total）

III. 

Discussion 

（4 

Chapter1

Whatistheopportunitycostofseeingamovie?

ANW:

the 

opportunity 

cost 

of 

seeing 

a 

movie 

includes 

monetary 

admission 

plus 

time 

going 

theater 

and 

attending 

show. 

The 

depends 

on 

what 

else 

you 

might 

do 

with 

that 

time;

if 

it'

s 

staying 

home 

watching 

TV, 

may 

be 

small, 

but 

working 

an 

extra 

hours 

at 

your 

job, 

money 

could 

have 

earned. 

Whatdoesthe“invisiblehand”ofthemarket-placedo?

The 

"

invisible 

hand"

marketplace 

represents 

idea 

even 

though 

individuals 

firms 

are 

all 

acting 

their 

own 

self-interest, 

prices 

guide 

them 

good 

society 

as 

whole. 

Chapter2

Drawandexplainaproductionpossibilitiesfrontierforaneconomythatproducescomputerandcar.

Drawandexplainacircularflowforaneconomy

Chapter4

case 

study 

presented 

chapter 

discussedcigarette 

taxes 

way 

reduce 

smoking.

Now 

thinkabout 

markets 

other 

tobacco 

products 

such 

ascigars 

chewing 

tobacco.

a.Are 

these 

goods 

substitutes 

or 

complements 

forcigarettes?

b.Using 

supply-and-demand 

diagram, 

show 

whathappens 

cigars 

chewingtobacco 

tax 

cigarettes 

increased.

c.If 

policymakers 

wanted 

total 

tobaccoconsumption, 

policies 

they 

combinewith 

cigarette 

tax

ANS：

a. 

Cigars 

cigarettes, 

since 

higher 

price 

would 

increase 

demand 

tobacco. 

b. 

An 

leads 

increased 

result, 

shown 

Figure 

25 

cigars, 

rise 

both 

equilibrium 

quantity 

c. 

results 

part 

（b） 

showed 

people 

substitute 

when 

rises. 

To 

usage, 

also 

want 

tobacco, 

pursue 

some 

type 

public 

education 

program.

90.AveryhotsummerinAtlantawillcause

a.

thedemandcurveforlemonadetoshifttotheleft.

b.

thedemandforairconditionerstodecrease.

c.

thedemandforjacketstodecrease.

d.

amovementdownwardandtotherightalongthedemandcurvefortanktops.

91.Ifastudybymedicalresearchersfoundthatbrownsugarcausedweightlosswhilewhitesugarcausedweightgain,thenwelikelywouldsee

anincreaseindemandforbrownsugarandadecreaseindemandforwhitesugar.

adecreaseindemandforbrownsugarandanincreaseindemandforwhitesugar.

anincreaseindemandforbothbrownsugarandwhitesugar.

nochangeindemandforeithertypeofsugarbecauseweightlossisnotadeterminantofdemand.

92.Whichofthefollowingeventscouldshiftthedemandcurveforgasolinetotheleft?

Theincomeofgasolinebuyersrises,andgasolineisanormalgood.

Theincomeofgasolinebuyersfalls,andgasolineisaninferiorgood.

Publicserviceannouncementsrunontelevisionencouragepeopletowalkorridebicyclesinsteadofdrivingcars.

Thepriceofgasolinerises.

93.Anincreaseinthenumberofcollegescholarshipsissuedbyprivatefoundationswould

increasethesupplyofeducation.

decreasethesupplyofeducation.

increasethedemandforeducation.

decreasethedemandforeducation.

94.Today,peoplechangedtheirexpectationsaboutthefuture.Thischange

cancauseamovementalongademandcurve.

canaffectfuturedemand,butnottoday’sdemand.

canaffecttoday’sdemand.

cannotaffecteithertoday’sdemandorfuturedemand.

95.IfJuanexpectstoearnahigherincomenextmonth,hemaychooseto

savemorenowandspendlessofhiscurrentincomeongoodsandservices.

savelessnowandspendmoreofhiscurrentincomeongoodsandservices.

decreasehiscurrentdemandforgoodsandservices.

movealonghiscurrentdemandcurvesforgoodsandservices.

96.Youlovepeanutbutter.Youhearonthenewsthat50percentofthepeanutcropintheSouthhasbeenwipedoutbydrought,andthatthiswillcausethepriceofpeanutstodoublebytheendoftheyear.Asaresult,

yourdemandforpeanutbutterwillincrease,butnotuntiltheendoftheyear.

yourdemandforpeanutbutterincreasestoday.

yourdemandforpeanutbutterdecreasesasyoulookforasubstitutegood.

yourdemandforpeanutbuttershiftslefttoday.

Letthedemandandsupplyforagoodbegivenby

qd=1600−38p

qs=2p+400

Whatistheequilibriumquantityandprice?

Figure4-4

Panel（a）Panel（b）

110.RefertoFigure4-4.Thegraphsshowthedemandforcigarettes.InPanel（a）,thearrowsareconsistentwithwhichofthefollowingevents?

Thepriceofmarijuana,acomplementtocigarettes,increased.

Mandatoryhealthwarningswereplacedoncigarettepackages.

SeveralforeigncountriesbannedU.S.cigarettesintheircountries.

Ataxwasplacedoncigarettes.

111.RefertoFigure4-4.Thegraphsshowthedemandforcigarettes.InPanel（a）,thearrowsareconsistentwithwhichofthefollowingevents?

Tobaccoandmarijuanaarecomplementsandthepriceofmarijuanadecreased.

Tobaccoisa“gatewaydrug”andthepriceofmarijuanaincreased.

Thepriceofcigarettesincreased.

Thearrowsareconsistentwithalloftheseevents.

112.RefertoFigure4-4.Thegraphsshowthedemandforcigarettes.InPanel（b）,thearrowsareconsistentwithwhichofthefollowingevents?

Theprohibitionofcigaretteadvertisementsontelevision.

108.Whensupplyanddemandbothincrease,equilibrium

pricewillincrease.

pricewilldecrease.

quantitymayincrease,decrease,orremainunchanged.

pricemayincrease,decrease,orremainunchanged.

109.Supposethatdemandforagoodincreasesand,atthesametime,supplyofthegooddecreases.Whatwouldhappeninthemarketforthegood?

Equilibriumpricewoulddecrease,buttheimpactonequilibriumquantitywouldbeambiguous.

Equilibriumpricewouldincrease,buttheimpactonequilibriumquantitywouldbeambiguous.

Equilibriumquantitywoulddecrease,buttheimpactonequilibriumpricewouldbeambiguous.

Equilibriumquantitywouldincrease,buttheimpactonequilibriumpricewouldbeambiguous.

110.Aweakerdemandtogetherwithastrongersupplywouldnecessarilyresultin

alowerprice.

ahigherprice.

anincreaseinequilibriumquantity.

adecreaseinequilibriumquantity.

111.Supposethatdemandforagooddecreasesand,atthesametime,supplyofthegooddecreases.Whatwouldhappeninthemarketforthegood?

112.Supposethenumberofbuyersinamarketincreasesandatechnologicaladvancementoccursalso.Whatwouldweexpecttohappeninthemarket?

113.Supposetheincomesofbuyersinamarketforaparticularnormalgooddecreaseandthereisalsoareductionininputprices.Whatwouldweexpecttooccurinthismarket?

114.Whatwouldhappentotheequilibriumpriceandquantityofcoffeeifthewagesofcoffee-beanpickersfellandthepriceofteafell?

Pricewouldfallandtheeffectonquantitywouldbeambiguous.

Pricewouldriseandtheeffectonquantitywouldbeambiguous.

Quantitywouldfallandtheeffectonpricewouldbeambiguous.

Quantitywouldriseandtheeffectonpricewouldbeambiguous.

115.Musiccompactdiscsarenormalgoods.Whatwillhappentotheequilibriumpriceandquantityofmusiccompactdiscsifmusiciansacceptlowerroyalties,compactdiscplayersbecomecheaper,morefirmsstartproducingmusiccompactdiscs,andmusicloversexperienceanincreaseinincome?

Pricewillfallandtheeffectonquantityisambiguous.

Pricewillriseandtheeffectonquantityisambiguous.

Quantitywillfall