5学原理微观第五版测试题库04曼昆经济学原理第五版测试题库微观.docx

5学原理微观第五版测试题库04曼昆经济学原理第五版测试题库微观.docx

《5学原理微观第五版测试题库04曼昆经济学原理第五版测试题库微观.docx》由会员分享，可在线阅读，更多相关《5学原理微观第五版测试题库04曼昆经济学原理第五版测试题库微观.docx（171页珍藏版）》请在冰豆网上搜索。

5学原理微观第五版测试题库04曼昆经济学原理第五版测试题库微观

Chapter4

TheMarketForcesofSupplyandDemand

TRUE/FALSE

1.Pricesallocateamarketeconomy’sscarceresources.

ANS:

TDIF:

1REF:

4-0

NAT:

AnalyticLOC:

Markets,marketfailure,andexternalities

TOP:

MarketeconomiesMSC:

Definitional

2.Inamarketeconomy,supplyanddemanddetermineboththequantityofeachgoodproducedandthepriceatwhichitissold.

ANS:

TDIF:

1REF:

4-0

NAT:

AnalyticLOC:

Markets,marketfailure,andexternalities

TOP:

MarketeconomiesMSC:

Definitional

3.Amarketisagroupofbuyersandsellersofaparticulargoodorservice.

ANS:

TDIF:

1REF:

4-1

NAT:

AnalyticLOC:

Markets,marketfailure,andexternalities

TOP:

MarketsMSC:

Definitional

4.Sellersasagroupdeterminethedemandforaproduct,andbuyersasagroupdeterminethesupplyofaproduct.

ANS:

FDIF:

1REF:

4-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Demand|Supply

MSC:

Definitional

5.Ayardsaleisanexampleofamarket.

ANS:

TDIF:

2REF:

4-1

NAT:

AnalyticLOC:

Markets,marketfailure,andexternalities

TOP:

MarketsMSC:

Applicative

6.Anewspaper’sclassifiedadsareanexampleofamarket.

ANS:

TDIF:

2REF:

4-1

NAT:

AnalyticLOC:

Markets,marketfailure,andexternalities

TOP:

MarketsMSC:

Applicative

7.Mostmarketsintheeconomyarehighlycompetitive.

ANS:

TDIF:

1REF:

4-1

NAT:

AnalyticLOC:

Markets,marketfailure,andexternalities

TOP:

MarketsMSC:

Definitional

8.Inacompetitivemarket,thequantityofeachgoodproducedandthepriceatwhichitissoldarenotdeterminedbyanysinglebuyerorseller.

ANS:

TDIF:

1REF:

4-1

NAT:

AnalyticLOC:

Markets,marketfailure,andexternalities

TOP:

CompetitivemarketsMSC:

Definitional

9.Inacompetitivemarket,therearesofewbuyersandsofewsellersthateachhasasignificantimpactonthemarketprice.

ANS:

FDIF:

1REF:

4-1

NAT:

AnalyticLOC:

Markets,marketfailure,andexternalities

TOP:

CompetitivemarketsMSC:

Definitional

10.Inaperfectlycompetitivemarket,thegoodsofferedforsaleareallexactlythesame.

ANS:

TDIF:

1REF:

4-1

NAT:

AnalyticLOC:

PerfectcompetitionTOP:

Perfectcompetition

MSC:

Definitional

11.Inaperfectlycompetitivemarket,buyersandsellersarepricesetters.

ANS:

FDIF:

1REF:

4-1

NAT:

AnalyticLOC:

PerfectcompetitionTOP:

Perfectcompetition

MSC:

Definitional

12.Allgoodsandservicesaresoldinperfectlycompetitivemarkets.

ANS:

FDIF:

1REF:

4-1

NAT:

AnalyticLOC:

PerfectcompetitionTOP:

Perfectcompetition

MSC:

Definitional

13.Ifagoodorservicehasonlyoneseller,thentheselleriscalledamonopoly.

ANS:

TDIF:

1REF:

4-1

NAT:

AnalyticLOC:

MonopolyTOP:

MonopolyMSC:

Definitional

14.Monopolistsarepricetakers.

ANS:

FDIF:

2REF:

4-1

NAT:

AnalyticLOC:

MonopolyTOP:

MonopolyMSC:

Interpretive

15.LocalcableTVcompaniesfrequentlyaremonopolists.

ANS:

TDIF:

1REF:

4-1

NAT:

AnalyticLOC:

MonopolyTOP:

MonopolyMSC:

Definitional

16.Thequantitydemandedofaproductistheamountthatbuyersarewillingandabletopurchaseataparticularprice.

ANS:

TDIF:

1REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Quantitydemanded

MSC:

Definitional

17.Thelawofdemandistrueformostgoodsintheeconomy.

ANS:

TDIF:

1REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Lawofdemand

MSC:

Definitional

18.Thelawofdemandstatesthat,otherthingsequal,whenthepriceofagoodrises,thequantitydemandedofthegoodrises,andwhenthepricefalls,thequantitydemandedfalls.

ANS:

FDIF:

1REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Lawofdemand

MSC:

Definitional

19.Thedemandcurveistheupward-slopinglinerelatingpriceandquantitydemanded.

ANS:

FDIF:

1REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Demandcurve

MSC:

Definitional

20.Individualdemandcurvesaresummedhorizontallytoobtainthemarketdemandcurve.

ANS:

TDIF:

1REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Marketdemandcurve

MSC:

Definitional

21.Themarketdemandcurveshowshowthetotalquantitydemandedofagoodvariesastheincomeofbuyersvaries,whilealltheotherfactorsthataffecthowmuchconsumerswanttobuyareheldconstant.

ANS:

FDIF:

1REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Marketdemandcurve

MSC:

Definitional

22.Ifsomethinghappenstoalterthequantitydemandedatanygivenprice,thenthedemandcurveshifts.

ANS:

TDIF:

1REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Demandcurve

MSC:

Definitional

23.Amovementupwardandtotheleftalongagivendemandcurveiscalledadecreaseindemand..

ANS:

FDIF:

2REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Demandcurve

MSC:

Interpretive

24.Anincreaseindemandshiftsthedemandcurvetotheleft.

ANS:

FDIF:

1REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Demandcurve

MSC:

Definitional

25.Ifthedemandforagoodfallswhenincomefalls,thenthegoodiscalledaninferiorgood.

ANS:

FDIF:

1REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Normalgoods

MSC:

Definitional

26.WhenMario'sincomedecreases,hebuysmorepasta.ForMario,pastaisanormalgood.

ANS:

FDIF:

2REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Inferiorgoods

MSC:

Applicative

27.Adecreaseinincomewillshiftthedemandcurveforaninferiorgoodtotheright.

ANS:

TDIF:

2REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Inferiorgoods

MSC:

Interpretive

28.Anincreaseinthepriceofasubstitutegoodwillshiftthedemandcurveforagoodtotheright.

ANS:

TDIF:

2REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Substitutes

MSC:

Interpretive

29.Baseballsandbaseballbatsaresubstitutegoods.

ANS:

FDIF:

2REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Complements

MSC:

Applicative

30.Adecreaseinthepriceofacomplementwillshiftthedemandcurveforagoodtotheleft.

ANS:

FDIF:

2REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Complements

MSC:

Interpretive

31.Whenanincreaseinthepriceofonegoodlowersthedemandforanothergood,thetwogoodsarecalledcomplements.

ANS:

TDIF:

1REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Complements

MSC:

Definitional

32.Cocoaandmarshmallowsarecomplements,soadecreaseinthepriceofcocoawillcauseanincreaseinthedemandformarshmallows.

ANS:

TDIF:

2REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Complements

MSC:

Applicative

33.Ifapersonexpectsthepriceofsockstoincreasenextmonth,thenthatperson’scurrentdemandforsockswillincrease.

ANS:

TDIF:

2REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Expectations

MSC:

Applicative

34.Adecreaseinthepriceofaproductandanincreaseinthenumberofbuyersinthemarketaffectthedemandcurveinthesamegeneralway.

ANS:

FDIF:

2REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Demandcurve

MSC:

Interpretive

35.Wheneveradeterminantofdemandotherthanpricechanges,thedemandcurveshifts.

ANS:

TDIF:

2REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Demandcurve

MSC:

Interpretive

36.Anincreaseinthepriceofpizzawillshiftthedemandcurveforpizzatotheleft.

ANS:

FDIF:

2REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Demandcurve

MSC:

Applicative

37.Publicserviceannouncements,mandatoryhealthwarningsoncigarettepackages,andtheprohibitionofcigaretteadvertisingontelevisionareallpoliciesaimedatshiftingthedemandcurveforcigarettestotheright.

ANS:

FDIF:

2REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Demandcurve

MSC:

Applicative

38.Moststudieshavefoundthattobaccoandmarijuanaarecomplementsratherthansubstitutes.

ANS:

TDIF:

2REF:

4-2

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Complements

MSC:

Applicative

39.Thequantitysuppliedofagoodorserviceistheamountthatsellersarewillingandabletosellataparticularprice.

ANS:

TDIF:

1REF:

4-3

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Quantitysupplied

MSC:

Definitional

40.Whenthepriceofagoodishigh,sellingthegoodisprofitable,andsothequantitysuppliedislarge.

ANS:

TDIF:

1REF:

4-3

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Lawofsupply

MSC:

Definitional

41.Whenthepriceofagoodislow,sellingthegoodisprofitable,andsothequantitysuppliedislarge.

ANS:

FDIF:

1REF:

4-3

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Lawofsupply

MSC:

Definitional

42.Pricecannotfallsolowthatsomesellerschoosetosupplyaquantityofzero.

ANS:

FDIF:

2REF:

4-3

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Quantitysupplied

MSC:

Interpretive

43.Thelawofsupplystatesthat,otherthingsequal,whenthepriceofagoodrises,thequantitysuppliedofthegoodfalls.

ANS:

FDIF:

1REF:

4-3

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Lawofsupply

MSC:

Definitional

44.Thelawofsupplystatesthat,otherthingsequal,whenthepriceofagoodfalls,thequantitysuppliedfallsaswell.

ANS:

TDIF:

1REF:

4-3

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Lawofsupply

MSC:

Definitional

45.Ifahigherpricemeansagreaterquantitysupplied,thenthesupplycurveslopesupward.

ANS:

TDIF:

1REF:

4-3

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Supplycurve

MSC:

Definitional

46.Individualsupplycurvesaresummedverticallytoobtainthemarketsupplycurve.

ANS:

FDIF:

1REF:

4-3

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Marketsupplycurve

MSC:

Definitional

47.Themarketsupplycurveshowshowthetotalquantitysuppliedofagoodvariesasinputpricesvary,holdingconstantalltheotherfactorsthatinfluenceproducers’decisionsabouthowmuchtosell.

ANS:

FDIF:

1REF:

4-3

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Marketsupplycurve

MSC:

Definitional

48.Ifsomethinghappenstoalterthequantitysuppliedatanygivenprice,thenwe