经济学原理西方经经济学期末考精彩试题库.docx

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经济学原理西方经经济学期末考精彩试题库.docx

经济学原理西方经经济学期末考精彩试题库

Mankiw

EssentialsofEconomics

TestBank

Points

1.MultipleChoice

1)Economicsdealsprimarilywiththeconceptof()

a)scarcity.

b)poverty.

c)change.

d)power.

2)WhichofthefollowingisNOTincludedinthedecisionsthateverysocietymustmake?

()

a)whatgoodswillbeproduced

b)whowillproducegoods

c)whatdeterminesconsumerpreferences消费者的偏好

d)whowillconsumethegoods

3)Arationaldecisionmakertakesanactiononlyifthe()

a)marginalbenefitislessthanthemarginalcost.

b)marginalbenefitisgreaterthanthemarginalcost.

c)averagebenefitisgreaterthantheaveragecost.

d)marginalbenefitisgreaterthanboththeaveragecostandthemarginalcost.

4)Macroeconomicsisthestudyof()

a)individualdecisionmakers.

b)economichistory.

c)economy-widephenomena.

d)howfirmsmaximizeprofit

5)AmicroeconomistmightstudyeachofthefollowingEXCEPT()

a)theeffectsofrentcontrolonhousinginNewYorkCity.

b)howacollegestudentmakesfinancialdecisions.

c)howtariffsonshoesaffectstheshoeindustry.

d)theeffectontheeconomywhenunemploymentrateschange.

6)Thetermmarketfailurerefersto()

a)asituationinwhichthemarketonitsownfailstoallocateresourcesefficiently.

b)anunsuccessfuladvertisingcampaignwhichreducesbuyerdemand.

c)asituationinwhichcompetitionamongfirmsbecomesruthless.

d)afirmwhichisforcedoutofbusinessbecauseoflosses.

7)Whichofthefollowingisanexampleofanormative规范(主观)statement?

()

a)Ifthepriceofaproductdecreases,quantitydemandedincreases.

b)Reducingtaxratesonthewealthywouldbegoodforthecountry.

c)Ifthenationalsavingrateweretoincrease,sowouldtherateofeconomicgrowth.

d)Alloftheabovearecorrect.

8)Foreachgoodproducedinamarketeconomy,demandandsupplydetermine()

a)thepriceofthegood,butnotthequantity.

b)thequantityofthegood,butnottheprice.

c)bothpriceandquantity.

d)neitherpricenorquantityisdeterminedbydemandandsupply,becausepricesareultimatelysetbyproducers.

9)Ahigherpriceforbatteries电池wouldtendto()

a)increasethedemandforflashlights.

b)increasethedemandforelectricity.

c)decreasethedemandforelectricity.

d)increasethedemandforbatteries

10)Twogoodsarecomplementsifadecreaseinthepriceofonegood()

a)increasesthequantitydemandedoftheothergood.

b)reducesthedemandfortheothergood.

c)reducesthequantitydemandedoftheothergood.

d)raisesthedemandfortheothergood.

11)Ifashortageexistsinamarketweknowthattheactualpriceis()

a)belowequilibriumpriceandquantitydemandedisgreaterthanquantitysupplied.

b)aboveequilibriumpriceandquantitydemandedisgreaterthanquantitysupplied.

c)aboveequilibriumpriceandquantitysuppliedisgreaterthanquantitydemanded.

d)belowequilibriumpriceandquantitysuppliedisgreaterthanquantitydemanded.

12)Whenthegovernmentpreventspricesfromadjustingnaturallytosupplyanddemand()

a)itstabilizestheeconomybyreducingmarketuncertainties.

b)itadverselyaffectstheallocationofresources.影响了资源的分配

c)theimprovementinequityjustifiesthereductioninefficiency.

d)theimprovementinefficiencyjustifiesthereductioninequity.

13)Knowingthatthedemandforwheatisinelastic,ifallfarmvoluntarilyplowedunder10percentoftheirwheatcrop,then()

a)consumersofwheatwouldbuymorewheat.

b)wheatfarmerswouldsufferareductionintheirrevenue.

c)wheatfarmerswouldincreasetheirrevenue.

d)thedemandforwheatwoulddecrease.

14)Supposethatasteelfactoryemitsacertainamountofairpollution,whichconstitutesanegativeexternality.Thesocialcostofproducingthesteelincludesthe()

a)privatecostsofthesteelproducersandthepriceconsumerspayforthesteel.

b)privatecostsofthesteelproducersandthecoststothebystandersaffectedbythepollution.

c)coststothebystanderseffectedbythepollutiononly.

d)priceconsumerspayforthesteel.

15)TheTragedyofcommonscanbecorrectedby()

a)providingmoreoftheresourceforpublicuse.

b)assigningpropertyrightstoindividuals.公地悲剧可以通过产权私人化来解决

c)providinggovernmentsubsidiesfortheresource.

d)makingcertaineveryoneintheeconomyhasaccesstotheresource

16)WhichofthefollowingisNOTtrue?

()

a)Inthepresenceofamarketfailure,governmentactionmightnotimproveonthemarketoutcomebecausesometimespublicpoliciessimplyrewardthepoliticallypowerful.

b)Inthepresenceofamarketfailure,governmentactionmightnotimproveonthemarketoutcomebecausesomeleadersarenotfullyinformedabouttheeffectsoftheiractions.

c)Inthepresenceofamarketfailure,governmentactioncansometimesimproveonthemarketoutcome.

d)Inthepresenceofamarketfailure,governmentactionwillalwaysimproveonthemarketoutcome.

17)Ifaneconomyisproducingefficiently()

a)thereisnowaytoproducemoreofonegoodwithoutproducinglessoftheother.

b)itispossibletoproducemoreofbothgoods.

c)itispossibletoproducemoreofonegoodwithoutproducinglessoftheother.

d)itisnotpossibletoproducemoreofonegoodatanycost.

18)Theopportunitycostofobtainingmoreofonegoodisshownontheproductionpossibilitiesfrontierasthe()

a)amountoftheothergoodthatmustbegivenup.其他商品的数量需要放弃

b)marketpriceoftheadditionalamountproduced.

c)amountofresourcesthatmustbedevotedtoitsproduction.

d)dnumberofdollarsthatmustbespenttoproduceit.

Whenafirmisoperatingatanefficientscale()

19)

a)averagevariablecostisminimized.

b)averagefixedcostisminimized.

c)averagetotalcostisminimized.

d)Noneoftheabovearecorrect.

Figure1

20)Accordingfigure1,ontheproductionpossibilitiesfrontiershown,theopportunitycosttotheeconomyofgetting30additionaltoothbrushesbymovingfrompointAtopointDis()

a)10toasters.

b)15toasters.

c)20toasters.

d)25toasters.

21)Whenaprofits-maximizingfirminaperfectlycompetitivemarkethaszeroeconomicprofit,accountingprofit()

a)isnegative(accountinglosses).

b)ispositive.

c)isalsozero.

d)couldbepositive,negativeorzero

22)Inthefigure2shown,themovementfrompointAtopointBisa()

a)shiftofthecurve.

b)changeinpreferences.

c)movementalongthecurve.因为是价格的变动,所以沿着曲线

d)Alloftheabovearecorrect.

Figure2

23)Inthefigure3shown,themovementfrompointBtopointCisa()

a)shiftofthecurve.

b)changeinprice.movementalongthecurve.

c)changeincoststothefirm.

Figure3

24)Twogoodsaresubstitutesifadecreaseinthepriceofonegood()

a)increasesthedemandfortheothergood.

b)reducesthedemandfortheothergood.

c)reducesthequantitydemandedoftheothergood.

d)increasesthequantitydemandedoftheothergood.

25)Twogoodsarecomplementsifadecreaseinthepriceofonegood()

a)increasesthequantitydemandedoftheothergood.

b)reducesthedemandfortheothergood.

c)reducesthequantitydemandedoftheothergood.

d)raisesthedemandfortheothergood.

26)Ifadecreaseinincomeincreasesthedemandforagood,thenthegoodis()

a)asubstitutegood.

b)acomplementgood.

c)anormalgood.

d)aninferiorgood.

27)Onthefirgue3,themovementfromDtoD1iscalled

a)anincreaseindemand.

b)adecreaseindemand.

c)adecreaseinquantitydemanded.

d)anincreaseinquantitydemanded.

28)Whichofthefollowingwilldefinitelycauseequilibriumquantitytofall?

()

a)demandincreasesandsupplydecreases

b)demandandsupplybothdecrease

c)demanddecreasesandsupplyincreases

d)demandandsupplybothincrease

29)Ifthedemandforaproductincreases,wewouldexpectequilibriumprice()

a)toincreaseandequilibriumquantitytodecrease.

b)todecreaseandequilibriumquantitytoincrease.

c)andequilibriumquantitytobothincrease.

d)andequilibriumquantitytobothdecrease.

30)Newcarsarenormalgoods.Whatwillhappentotheequilibriumpriceofnewcarsifthepriceofgasolinerises,thepriceofsteelfalls,publictransportationbecomescheaperandmorecomfortable,auto-workersacceptlowerwagesandautomobileinsurancebecomesmoreexpensive?

()

a)Pricewillrise.

b)Pricewillfall.

c)Pricewillstayexactlythesame.

d)Thepricechangewillbeambiguous.

31)Whatwillhappentotheequilibriumpriceofnewtextbooksifmorestudentsattendcollege,paperbecomescheaper,textbookauthorsacceptlowerroyaltiesandfewerusedtextbooksaresold?

()

a)Pricewillrise.

b)Pricewillfall.

c)Pricewillstayexactlythesame.

d)Thepricechangewillbeambiguous.

32)Ifthepriceelasticityofdemandforagoodis4.0,thena10percentincreaseinpricewouldresultina()

a)4.0percentdecreaseinthequantitydemanded.

b)10percentdecreaseinthequantitydemanded.

c)40percentdecreaseinthequantitydemanded.

d)400percentdecreaseinthequantitydemanded.

33)Accordingtothefirgue4,whenpricefallsfrompoint$40to$30weknowthatdemandmustbe()

a)elastic,sincetotalrevenueincreasesfrom$8000to$9000.

b)inelastic,sincetotalrevenueincreasesfrom$8000to$9000.

c)inelastic,sincetotalrevenuedecreasesfrom$9000to$8000.

d)unitelastic,sincetotalrevenuedecreasesfrom$9000to$8000.

Figure4

34)Thecross-priceelasticityofdemandcantelluswhethergoodsare()

a)normalorinferior.

b)elasticorinelastic.

c)luxuriesornecessities.

d)complementsorsubstitutes.

35)Ifwheatfarmersknowthatthedemandforwheatisinelastic,andtheywanttoincreasetheirtotalrevenue,theyshouldall()

a)plantmorewheatsothattheywouldbeabletosellmoreeachyear.

b)increasespendingonfertilizerinanattempttoproducemoreonth

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