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微观经济学题库
Microeconomics,10e（Parkin）
Chapter1WhatIsEconomics?
1DefinitionofEconomics
1）Alleconomicquestionsareabout
A）howtomakemoney.
B）whattoproduce.
C）howtocopewithscarcity.
D）howtosatisfyallourwants.
Answer:
C
Topic:
Scarcity
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
2）Alleconomicquestionsarisebecausewe
A）wantmorethanwecanget.
B）wantmorethanweneed.
C）haveanabundanceofresources.
D）havelimitedwantsthatneedtobesatisfied.
Answer:
A
Topic:
Scarcity
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
3）Economicsisbestdefinedasthestudyofhowpeople,businesses,governments,andsocieties
A）chooseabundanceoverscarcity.
B）makechoicestocopewithscarcity.
C）usetheirinfiniteresources.
D）attainwealth.
Answer:
B
Topic:
Scarcity
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
4）Scarcityisasituationinwhich
A）peoplecannotsatisfyalltheirwants.
B）mostpeoplecangetonlybarenecessities.
C）peoplecansatisfyalltheirwants.
D）somepeoplecangetalltheywantandsomecannot.
Answer:
A
Topic:
Scarcity
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
5）Economistspointoutthatscarcityconfronts
A）neitherthepoornortherich.
B）thepoorbutnottherich.
C）therichbutnotthepoor.
D）boththepoorandtherich.
Answer:
D
Topic:
Scarcity
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter1
AACSB:
EthicalReasoning
6）Scarcityis
A）ourinabilitytosatisfyallourwants.
B）asituationthatexistsduringeconomicrecessionsbutnotduringeconomicbooms.
C）eliminatedbychoices.
D）aneconomicproblemonlyforpoorpeople.
Answer:
A
Topic:
Scarcity
Skill:
Recognition
Questionhistory:
Modified10thedition
AACSB:
ReflectiveThinking
7）Whenaneconomisttalksofscarcity,theeconomistisreferringtothe
A）abilityofsocietytoemployallofitsresources.
B）abilityofsocietytoconsumeallthatitproduces.
C）inabilityofsocietytosatisfyallhumanwantsbecauseoflimitedresources.
D）abilityofsocietytocontinuallymaketechnologicalbreakthroughsandincreaseproduction.
Answer:
C
Topic:
Scarcity
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
8）Fundamentaleconomicproblemsbasicallyarisefrom
A）thefactthatsocietyhasmorethanitneeds.
B）turmoilinthestockmarket.
C）theunequaldistributionofincome.
D）ourwantsexceedingourscarceresources.
Answer:
D
Topic:
Scarcity
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
9）Scarcityexistsbecause
A）societyandpeoplearegreedyandwasteful.
B）ourwantsexceedtheresourcesavailabletosatisfythem.
C）oftheinefficientchoiceswemake.
D）poorpeopleneedmorefoodandothergoods.
Answer:
B
Topic:
Scarcity
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
10）Scarcitycanbeeliminatedthrough
A）theuseofmarketmechanisms.
B）explorationthathelpsusfindnewresources.
C）wiseuseofourresources.
D）Noneoftheabovebecausescarcitycannotbeeliminated.
Answer:
D
Topic:
Scarcity
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
11）Asaneconomicconcept,scarcityappliesto
A）bothmoneyandtime.
B）moneybutnottime.
C）timebutnotmoney.
D）neithertimenormoney.
Answer:
A
Topic:
Scarcity
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
12）Ineveryeconomicsystem,choicesmustbemadebecauseresourcesare________andourwantsare________.
A）unlimited;limited
B）limited;unlimited
C）unlimited;unlimited
D）limited;limited
Answer:
B
Topic:
Scarcity
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
13）Theproblemof"scarcity"applies
A）onlyinindustriallydevelopedcountriesbecauseresourcesarescarceinthesecountries.
B）onlyinunderdevelopedcountriesbecausetherearefewproductiveresourcesinthesecountries.
C）Onlyineconomicsystemsthatarejustbeginningtodevelopbecausespecializedresourcesarescarce.
D）toalleconomicsystems,regardlessoftheirlevelofdevelopment.
Answer:
D
Topic:
Scarcity
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
14）Scarcityrequiresthatpeoplemust
A）cooperate.
B）compete.
C）trade.
D）makechoices.
Answer:
D
Topic:
Scarcity
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
15）Peoplemustmakechoicesbecause
A）mostpeopleenjoyshopping.
B）ofscarcity.
C）therearemanygoodsavailable.
D）Noneoftheaboveanswersiscorrect.
Answer:
B
Topic:
Scarcity
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
16）Anincentive
A）couldbearewardbutcouldnotbeapenalty.
B）couldbeapenaltybutcouldnotbeareward.
C）couldbeeitherarewardorapenalty.
D）istheoppositeofatradeoff.
Answer:
C
Topic:
Incentive
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
17）Aninducementtotakeaparticularactioniscalled
A）themarginalbenefit.
B）themarginalcost.
C）opportunitycost.
D）anincentive.
Answer:
D
Topic:
Incentive
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
18）Economicsisbestdefinedas
A）howpeoplemakemoneyandprofitsinthestockmarket.
B）makingchoicesfromanunlimitedsupplyofgoodsandservices.
C）makingchoiceswithunlimitedwantsbutfacingascarcityofresources.
D）controllingabudgetforahousehold.
Answer:
C
Topic:
DefinitionofEconomics
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
19）Thestudyofeconomics
A）focusesmainlyonindividualconsumers.
B）arisesfromthefactthatourwantsexceedavailableresources.
C）recognizesthatscarcitydoesnotaffectrichnations.
D）dealsmainlywithmicroeconomics.
Answer:
B
Topic:
DefinitionofEconomics
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
20）Economicsisbestdefinedasthescienceofchoiceandhowpeoplecopewith
A）differencesinwants.
B）differencesinneeds.
C）scarcity.
D）differenteconomicsystems.
Answer:
C
Topic:
DefinitionofEconomics
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
21）Economicsisthestudyof
A）thedistributionofsurplusgoodstothoseinneed.
B）affluenceinamorallybankruptworld.
C）thechoiceswemakebecauseofscarcity.
D）waystoreducewantstoeliminatetheproblemofscarcity.
Answer:
C
Topic:
DefinitionofEconomics
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
22）Thestudyofthechoicesmadebyindividualsispartofthedefinitionof
A）microeconomics.
B）positiveeconomics.
C）macroeconomics.
D）normativeeconomics.
Answer:
A
Topic:
MicroeconomicsandMacroeconomics
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
23）Inpart,microeconomicsisconcernedwith
A）howabusinessfirmdecidesupontheamountitproducesandthepriceitsets.
B）changesintheeconomy'stotaloutputofgoodsandservicesoverlongperiodsoftime.
C）factorsthatexplainchangesintheunemploymentrateovertime.
D）theFederalReserve'spolicydecisions.
Answer:
A
Topic:
MicroeconomicsandMacroeconomics
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
24）Thestudyofthedecisionsofindividualunitsintheeconomyisknownas
A）macroeconomics.
B）microeconomics.
C）thestudyofincentives.
D）ceterisparibusstudy.
Answer:
B
Topic:
MicroeconomicsandMacroeconomics
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
25）Studyingthedeterminationofpricesinindividualmarketsisprimarilyaconcernof
A）positiveeconomics.
B）negativeeconomics.
C）macroeconomics.
D）microeconomics.
Answer:
D
Topic:
MicroeconomicsandMacroeconomics
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
26）Theanalysisofthebehaviorofindividualdecision-makingunitsisthedefinitionof
A）microeconomics.
B）positiveeconomics.
C）macroeconomics.
D）normativeeconomics.
Answer:
A
Topic:
MicroeconomicsandMacroeconomics
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
27）Whichofthefollowingisamicroeconomictopic?
A）HowatradeagreementbetweentheUnitedStatesandMexicoaffectsbothnations'unemploymentrates.
B）Comparinginflationratesacrosscountries.
C）Howrentceilingsimpactthesupplyofapartments.
D）Howataxrateincreasewillimpacttotalproduction.
Answer:
C
Topic:
MicroeconomicsandMacroeconomics
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
28）WhichofthefollowingquestionsisNOTamicroeconomicquestion?
A）CantheFederalReservekeepincomegrowingbycuttinginterestrates?
B）Howwouldataxone-commerceaffecteBay?
C）WhatisBritney'sopportunitycostofhavinganotherbaby?
D）DoestheUnitedStateshaveacomparativeadvantageininformationtechnologyservices?
Answer:
A
Topic:
MicroeconomicsandMacroeconomics
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
29）Whichof
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