5学原理》微观第五版测试题库 06 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 06 曼昆经济学原理第五版测试题库微观.docx

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5学原理》微观第五版测试题库06曼昆经济学原理第五版测试题库微观

Chapter6

Supply,Demand,andGovernmentPolicies

TRUE/FALSE

1.Economicpoliciesoftenhaveeffectsthattheirarchitectsdidnotintendoranticipate.

ANS:

TDIF:

1REF:

6-0

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

PublicpolicyMSC:

Definitional

2.Rent-controllawsdictateaminimumrentthatlandlordsmaychargetenants.

ANS:

FDIF:

1REF:

6-0

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Rentcontrol

MSC:

Definitional

3.Minimum-wagelawsdictatethelowestwagethatfirmsmaypayworkers.

ANS:

TDIF:

1REF:

6-0

NAT:

AnalyticLOC:

LabormarketsTOP:

Minimumwage

MSC:

Definitional

4.Pricecontrolsareusuallyenactedwhenpolicymakersbelievethatthemarketpriceofagoodorserviceisunfairtobuyersorsellers.

ANS:

TDIF:

1REF:

6-0

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Pricecontrols

MSC:

Definitional

5.Pricecontrolscangenerateinequities.

ANS:

TDIF:

1REF:

6-0

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Pricecontrols

MSC:

Definitional

6.Policymakersusetaxestoraiserevenueforpublicpurposesandtoinfluencemarketoutcomes.

ANS:

TDIF:

1REF:

6-0

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Taxes

MSC:

Definitional

7.Ifagoodorserviceissoldinacompetitivemarketfreeofgovernmentregulation,thenthepriceofthegoodorserviceadjuststobalancesupplyanddemand.

ANS:

TDIF:

1REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Prices

MSC:

Definitional

8.Attheequilibriumprice,thequantitythatbuyerswanttobuyexactlyequalsthequantitythatsellerswanttosell.

ANS:

TDIF:

1REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Prices

MSC:

Definitional

9.Apriceceilingisalegalminimumonthepriceatwhichagoodorservicecanbesold.

ANS:

FDIF:

1REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Definitional

10.Apriceceilingsetabovetheequilibriumpriceisnotbinding.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Interpretive

11.Ifapriceceilingisnotbinding,thenitwillhavenoeffectonthemarket.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Interpretive

12.Tobebinding,apriceceilingmustbesetabovetheequilibriumprice.

ANS:

FDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Interpretive

13.Apriceceilingsetbelowtheequilibriumpriceisbinding.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Interpretive

14.Apriceceilingsetbelowtheequilibriumpricecausesquantitydemandedtoexceedquantitysupplied.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings|Shortages

MSC:

Interpretive

15.Apriceceilingsetabovetheequilibriumpricecausesquantitydemandedtoexceedquantitysupplied.

ANS:

FDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Interpretive

16.Abindingpriceceilingcausesquantitydemandedtobelessthanquantitysupplied.

ANS:

FDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings|Shortages

MSC:

Interpretive

17.Apriceceilingsetbelowtheequilibriumpricecausesashortageinthemarket.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings|Shortages

MSC:

Interpretive

18.Apriceceilingsetabovetheequilibriumpricecausesasurplusinthemarket.

ANS:

FDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Interpretive

19.Abindingpriceceilingcausesashortageinthemarket.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings|Shortages

MSC:

Interpretive

20.Whenabindingpriceceilingisimposedonamarketforagood,somepeoplewhowanttobuythegoodcannotdoso.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings|Shortages

MSC:

Interpretive

21.Longlinesanddiscriminationareexamplesofrationingmethodsthatmaynaturallydevelopinresponsetoabindingpriceceiling.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Interpretive

22.Priceceilingsaretypicallyimposedtobenefitbuyers.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Interpretive

23.Bindingpriceceilingsbenefitconsumersbecausetheyallowconsumerstobuyallthegoodstheydemandatalowerprice.

ANS:

FDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Interpretive

24.Allbuyersbenefitfromabindingpriceceiling.

ANS:

FDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Interpretive

25.Abindingpriceceilingmaynothelpallconsumers,butitdoesnothurtanyconsumers.

ANS:

FDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Interpretive

26.Whenthegovernmentimposesabindingpriceceilingonacompetitivemarket,asurplusofthegoodarises,andsellersmustrationthescarcegoodsamongthelargenumberofpotentialbuyers.

ANS:

FDIF:

1REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings|Shortages

MSC:

Definitional

27.Therationingmechanismsthatdevelopunderbindingpriceceilingsareusuallyinefficient.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings|Efficiency

MSC:

Interpretive

28.Priceistherationingmechanisminafree,competitivemarket.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Prices

MSC:

Interpretive

29.Pricesareinefficientrationingdevices.

ANS:

FDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Prices|Efficiency

MSC:

Interpretive

30.Whenfreemarketsrationgoodswithprices,itisbothefficientandimpersonal.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Prices|Efficiency

MSC:

Interpretive

31.Whenafreemarketforagoodreachesequilibrium,anyonewhoiswillingandabletopaythemarketpricecanbuythegood.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Prices

MSC:

Interpretive

32.Ifapriceceilingof$2pergallonisimposedongasoline,andthemarketequilibriumpriceis$1.50,thenthepriceceilingisabindingconstraintonthemarket.

ANS:

FDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Applicative

33.Ifapriceceilingof$1.50pergallonisimposedongasoline,andthemarketequilibriumpriceis$2,thenthepriceceilingisabindingconstraintonthemarket.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Applicative

34.Apriceceilingcausedthegasolineshortageof1973intheUnitedStates.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Priceceilings

MSC:

Interpretive

35.Onecommonexampleofapriceceilingisrentcontrol.

ANS:

TDIF:

1REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Rentcontrol

MSC:

Definitional

36.Thegoalofrentcontrolistohelpthepoorbymakinghousingmoreaffordable.

ANS:

TDIF:

1REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Rentcontrol

MSC:

Definitional

37.Economistsarguethatrentcontrolisahighlyefficientwaytohelpthepoorraisetheirstandardofliving.

ANS:

FDIF:

2REF:

6-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

Economists|RentcontrolMSC:

Interpretive

38.Becausesupplyanddemandareinelasticintheshortrun,theinitialshortagecausedbyrentcontrolislarge.

ANS:

FDIF:

1REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Rentcontrol|Elasticity

MSC:

Definitional

39.Theprimaryeffectofrentcontrolintheshortrunistoreducerents.

ANS:

TDIF:

1REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Rentcontrol

MSC:

Definitional

40.Thehousingshortagescausedbyrentcontrolarelargerinthelongrunthanintheshortrunbecauseboththesupplyofhousingandthedemandforhousingaremoreelasticinthelongrun.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Rentcontrol|Elasticity

MSC:

Interpretive

41.Theeffectsofrentcontrolinthelongrunincludelowerrentsandlower-qualityhousing.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Rentcontrol

MSC:

Interpretive

42.Rentcontrolmayleadtolowerrentsforthosewhofindhousing,butthequalityofthehousingmayalsobelower.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Rentcontrol

MSC:

Interpretive

43.Inafreemarket,thepriceofhousingadjuststoeliminatetheshortagesthatgiverisetoundesirablelandlordbehavior.

ANS:

TDIF:

1REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Rentcontrol

MSC:

Definitional

44.Apricefloorisalegalminimumonthepriceatwhichagoodorservicecanbesold.

ANS:

TDIF:

1REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Pricefloors

MSC:

Definitional

45.Apricefloorsetabovetheequilibriumpriceisnotbinding.

ANS:

FDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Pricefloors

MSC:

Interpretive

46.Ifapricefloorisnotbinding,thenitwillhavenoeffectonthemarket.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Pricefloors

MSC:

Interpretive

47.Tobebinding,apricefloormustbesetabovetheequilibriumprice.

ANS:

TDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Pricefloors

MSC:

Interpretive

48.Apricefloorsetbelowtheequilibriumpriceisbinding.

ANS:

FDIF:

2REF:

6-1

NAT:

AnalyticLOC:

SupplyanddemandTOP:

Pricefloors

MSC:

Interpretive

49.Apricefloorsetbelowtheequilibriumpricecausesquantitysuppliedtoexceedquantitydemanded.

ANS:

FDIF:

2REF:

6-1

NAT:

Analy