曼昆《经济学原理》微观第五版测试题库 22.docx

曼昆《经济学原理》微观第五版测试题库 22.docx

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曼昆《经济学原理》微观第五版测试题库22

Chapter22

FrontiersofMicroeconomics

TRUE/FALSE

1.Thescienceofeconomicsisafinishedjewel,perfectandunchanging.

ANS:

FDIF:

1REF:

22-0

NAT:

AnalyticLOC:

TheStudyofeconomics,anddefinitionsineconomics

TOP:

economicsMSC:

Definitional

2.Ineconomics,adifferenceinaccesstorelevantknowledgeiscalledabehavioralasymmetry.

ANS:

FDIF:

1REF:

22-1

NAT:

AnalyticLOC:

TheStudyofeconomics,anddefinitionsineconomics

TOP:

AsymmetricinformationMSC:

Definitional

3.Informationalasymmetrymayapplytoahiddenactionorhiddencharacteristicwheretheinformedpartymaybereluctanttorevealrelevantinformation.

ANS:

TDIF:

2REF:

22-1

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

AsymmetricinformationMSC:

Applicative

4.Anexampleofasymmetricinformationiswhenasellerofahouseknowsmorethanthebuyeraboutthehouse’scondition.

ANS:

TDIF:

2REF:

22-1

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

AsymmetricinformationMSC:

Applicative

5.Economistshavefoundthatasymmetricinformationisnotveryprevalent.

ANS:

FDIF:

2REF:

22-1

NAT:

AnalyticLOC:

TheStudyofeconomics,anddefinitionsineconomics

TOP:

AsymmetricinformationMSC:

Interpretive

6.Anexampleofaninformationasymmetryiswhenaworkerknowsmorethanhisemployerabouthisworkeffort.

ANS:

TDIF:

1REF:

22-1

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

AsymmetricinformationMSC:

Interpretive

7.ThecriminalactionsofthetopmanagersofcorporationssuchasEnron,Tyco,WorldCom,andAdelphiaareanexampleofmoralhazard.

ANS:

TDIF:

2REF:

22-1

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

MoralhazardMSC:

Applicative

8.Theproblemofmoralhazardisaproblemofhiddenaction.

ANS:

TDIF:

1REF:

22-1

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

MoralhazardMSC:

Interpretive

9.Theproblemthatariseswhenonepersonperformsataskonbehalfofanotherpersoniscalledthelemonsproblem.

ANS:

FDIF:

1REF:

22-1

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

MoralhazardMSC:

Interpretive

10.Oneofthethingsthatemployerscandotolessenthemoralhazardprobleminvolvingtheiremployeesistopaytheminadvancefortheirwork.

ANS:

FDIF:

2REF:

22-1

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

MoralhazardMSC:

Interpretive

11.Intheemployer-workerrelationship,theemployerisregardedasthe"principal"andtheworkerisregardedasthe"agent."

ANS:

TDIF:

2REF:

22-1

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

MoralhazardMSC:

Definitional

12.Themoralhazardproblemandthedesireoffirmstolessenthatproblemserveasaplausibleexplanationforafirmpayingabove-equilibriumwagestoitsworkers.

ANS:

TDIF:

2REF:

22-1

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

MoralhazardMSC:

Interpretive

13.Theclassicexampleofadverseselectionisthemarketforusedcars.

ANS:

TDIF:

2REF:

22-1

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

AdverseselectionMSC:

Interpretive

14.Thetwomajorproblemscausedbyasymmetricinformationarethemoral-hazardproblemandtheprincipal-agentproblem.

ANS:

FDIF:

2REF:

22-1

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

AsymmetricinformationMSC:

Interpretive

15.Signalingisanactiontakenbyanuninformedpartytoinduceaninformedpartytorevealinformation.

ANS:

FDIF:

2REF:

22-1

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

Screening|SignalingMSC:

Definitional

16.Anexampleofsignalingisaboyfriendgivinganexpensive,romanticgifttohisgirlfriendtoconveyhisloveforher.

ANS:

TDIF:

2REF:

22-1

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

SignalingMSC:

Applicative

17.ValerieprefersAtoBandsheprefersBtoC.IfValerie'spreferencesaretransitive,thensheprefersAtoC.

ANS:

TDIF:

1REF:

22-2

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

TransitivityMSC:

Definitional

18.TheCondorcetvotingparadoxshowsthatoutcomesbasedondictatorialpreferencesdonotalwaysobeythepropertyoftransitivity.

ANS:

FDIF:

2REF:

22-2

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

CondorcetparadoxMSC:

Interpretive

19.TheCondorcetparadoximpliesthattheorderinwhichitemsarevotedonundermajorityruleisunimportant.

ANS:

FDIF:

1REF:

22-2

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

CondorcetparadoxMSC:

Interpretive

20.Condorcetexplainedhisparadoxina1951bookcalledSocialChoiceandIndividualValues.

ANS:

FDIF:

1REF:

22-2

NAT:

AnalyticLOC:

Understandingandapplyingeconomicmodels

TOP:

CondorcetparadoxMSC:

Interpretive