春季学期微观经济学复习题.docx
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春季学期微观经济学复习题
选择题
1.Theconceptthatgoodsproducedabroadandsolddomesticallyiscalled
a.Export
b.Investment
c.import
d.Trade
2.Thebasicquestionwhicheconomicsstudiesis
a.howtoproduce
b.Whattoproduce
c.produceforwhom
d.Alloftheabovearecorrect
3.Whichofthefollowingchoiceisnottheopportunitycostforhavingavacation?
a.trainticket
b.earningsifyouwork
c.expenseforfood
d.time
4.Inaperfectlycompetitivemarket:
a.thereisonlyasellerandabuyer
b.therearemanysellers,butonlyabuyer
c.Thereisonlyaseller,butmanybuyers
d.Therearemanysellersandbuyers
5.Supposeshoesandsocksarecomplements,thenifthepriceofshoesraise,demandofthesockswill
a.increase
b.reduce
c.Notchange
d.it’shardtojudge
6.Whichofthefollowingconditionneedtofacetradeoffs?
a.WatchingTV
b.Goingtowork
c.Goingshopping
d.Alloftheabovearecorrect
7.SupposebothUSandChinaproducecarstoys,basedonthefollowingform,whichcountryhasacomparativeadvantageinproducingcarsandwhichcountryhasacomparativeadvantageinproducingtoys?
1car
1toy
US
100hoursoflabor
5hoursoflabor
China
125hoursoflabor
1hoursoflabor
a.US,US
b.US,China
c.China,US
d.China,China
8.Accordingtothelawofsupply,whenthepriceofagoodrises
a.Thedemandofthegoodreduce
b.Thesupplyofthegoodincrease
c.Thedemandofthegoodincrease
d.Thesupplyofthegoodreduce
9.WhichofthefollowingincidentswillshiftDemandcurveofmilktotheright?
a.thepriceofmilkrises
b.peoplehavemorepreferenceonmilk
c.thepriceofmilkfall
d.thereisadiseasehappenedoncows
10.Ifthepriceofagoodislowerthanitsequilibriumpricethen:
a.thereisasurplusandthepricewillgoup
b.thereisasurplusandthepricewillgodown
c.thereisashortageandthepricewillgoup
d.thereisashortageandthepricewillgodown
11.Abindingpricefloorwillcauseamaximumsurplusif:
a.theSupplyiselasticbuttheDemandisinelastic
b.thesupplyisinelasticbuttheDemandiselastic
c.bothofsupplyanddemandareelastic
d.Bothofsupplyanddemandareinelastic
12.AccrodingtothefollowingProductionPossibilitiesFrontieroftwocountries.Inwhichcountryistheopportunitycostofclothlower?
Inwhichcountryistheopportunitycostofwineislower？
a.France,France
b.England,England
c.France,England
d.England,France
13.Ifthepriceelasticityofsupplyforonegoodis0,thesupplycurveofthegoodwillbe:
P
AB
C
D
Q
14.Supposethatconsumersuse15％oftheirincomeonthefood,thentheincomeelasticityofdemandforfoodis:
a.0.15
b.1.00
c.1.15
d.1.50
15.Whenthecross-priceelasticityofdemandbetweentwogoodsisnegative,thosetwogoodswillbe:
a.complements
b.substitutes
c.inferiorgoods
d.normalgoods
16.Otherthingsequal,whenthesupplyofworkersislow,onewouldpredictthatmarketwageswouldbe:
a.
relativelyhigh.
b.
relativelylow.
c.
determinedsolelybyfactorsthataffectdemand.
d.
determinedoutsidethedomainofeconomictheory.
17.Whichofthefollowingstatementsiscorrect?
a.
Bothacompetitivefirmandamonopolistarepricetakers.
b.
Bothacompetitivefirmandamonopolistarepricemakers.
c.
Acompetitivefirmisapricetaker,whereasamonopolistisapricemaker.
d.
Acompetitivefirmisapricemaker,whereasamonopolistisapricetaker.
18.Whichofthefollowingisnotadeterminantofthepriceelasticityofdemandforagood?
a.
thetimehorizon
b.
thesteepnessorflatnessofthesupplycurveforthegood
c.
thedefinitionofthemarketforthegood
d.
theavailabilityofsubstitutesforthegood
19.Whetheragoodisaluxuryornecessitydependsonthe
a.
priceofthegood.
b.
preferencesofthebuyer.
c.
intrinsicpropertiesofthegood.
d.
scarcityofthegood.
20.Thepriceelasticityofdemandforeggs
a.
iscomputedasthepercentagechangeinquantitydemandedofeggsdividedbythepercentagechangeinpriceofeggs.
b.
willbelowerifthereisanewinventionthatisaclosesubstituteforeggs.
c.
willbehigherifconsumersconsidereggstobeanecessity.
d.
Alloftheabovearecorrect.
Table5-1
Good
PriceElasticityofDemand
A
1.3
B
2.1
21.RefertoTable5-1.WhichofthefollowingisconsistentwiththeelasticitiesgiveninTable5-1?
a.
Aisgrapes,andBisfruit.
b.
AisT-shirts,andBissocks.
c.
Aistrainticketsbeforecarswereinvented,andBistrainticketsaftercarswereinvented.
d.
Aisdiamondnecklaces,andBisbeds.
22.Ifapriceceilingisnotbinding,then
a.
therewillbeasurplusinthemarket.
b.
therewillbeashortageinthemarket.
c.
themarketwillbelessefficientthanitwouldbewithoutthepriceceiling.
d.
therewillbenoeffectonthemarketpriceorquantitysold.
23.WelfareeconomicsexplainswhichofthefollowinginthemarketforDVDs?
a.
ThegovernmentsetsthepriceofDVDs;firmsrespondtothepricebyproducingaspecificlevelofoutput.
b.
ThegovernmentsetsthequantityofDVDs;firmsrespondtothequantitybychargingaspecificprice.
c.
ThemarketequilibriumpriceforDVDsmaximizesthetotalwelfaretoDVDbuyersandsellers.
d.
ThemarketequilibriumpriceforDVDsmaximizesconsumerwelfarebutminimizesproducerwelfare.
24.Consumersurplus
a.
istheamountabuyerpaysforagoodminustheamountthebuyeriswillingtopayforit.
b.
isrepresentedonasupply-demandgraphbytheareabelowthepriceandabovethedemandcurve.
c.
measuresthebenefitsellersreceivefromparticipatinginamarket.
d.
measuresthebenefitbuyersreceivefromparticipatinginamarket.
Table7-1
Buyer
WillingnessToPay
Lori
$50.00
Audrey
$30.00
Zach
$20.00
Calvin
$10.00
25.RefertoTable7-1.Ifthepriceoftheproductis$15,thenwhowouldbewillingtopurchasetheproduct?
a.
Lori
b.
LoriandAudrey
c.
Lori,Audrey,andZach
d.
Lori,Audrey,Zach,andCalvin
26.Thistablereferstofivepossiblebuyers'willingnesstopayforacaseofVanillaCoke.RefertoTable7-2.IfthepriceofVanillaCokeis$6.90,whowillpurchasethegood?
Buyer
WillingnessToPay
David
$8.50
Laura
$7.00
Megan
$5.50
Mallory
$4.00
Audrey
$3.50
a.
allfiveindividuals
b.
Megan,MalloryandAudrey
c.
David,LauraandMegan
d.
DavidandLaura
27.RefertoTable7-6.YouaresellingextraticketstotheMidwestRegionalSweet16gameinthemen’sNCAAbasketballtournament.Thetableshowsthewillingnesstopayofthefourpotentialbuyersinthemarketforatickettothegame.Whichofthefollowinggraphsrepresentsthemarketdemandcurve?
a.
c.
b.
d.
28.Raybuysanewtractorfor$118,000.Hereceivesconsumersurplusof$13,000onhispurchase.Ray'swillingnesstopayis
a.
$13,000.
b.
$105,000.
c.
$118,000.
d.
$131,000.
29.Costisameasureofthe
a.
seller'swillingnesstosell.
b.
seller'sproducersurplus.
c.
producershortage.
d.
seller'swillingnesstobuy.
Figure7-9
30.RefertoFigure7-9.IfthesupplycurveisS,thedemandcurveisD,andtheequilibriumpriceis$100,whatistheproducersurplus?
a.
$625
b.
$1,250
c.
$2,500
d.
$5,000
31.Whenataxisplacedonaproduct,thepricepaidbybuyers
a.
rises,andthepricereceivedbysellersrises.
b.
rises,andthepricereceivedbysellersfalls.
c.
falls,andthepricereceivedbysellersrises.
d.
falls,andthepricereceivedbysellersfalls.
Figure8-1
32.RefertoFigure8-1.SupposethegovernmentimposesataxofP'-P'''.Totalsurplusafterthetaxismeasuredbythearea
a.
I+Y.
b.
J+K+L+M.
c.
I+Y+B.
d.
I+J+K+L+M+Y.
33.Supposeataxof$4perunitisimposedonagood,andthetaxcausestheequilibriumquantityofthegoodtodecreasefrom2,000unitsto1,700units.Thetaxdecreasesconsumersurplusby$3,000anddecreasesproducersurplusby$4,400.Thedeadweightlossofthetaxis
a.
$200.
b.
$400.
c.
$600.
d.
$1,200.
34.Buyersofaproductwillbearthelargerpartofthetaxburden,andsellerswillbearasmallerpartofthetaxburden,whenthe
a.
taxisplacedonthesellersoftheproduct.
b.
taxisplacedonthebuyersoftheproduct.
c.
supplyoftheproductismoreelasticthanthedemandfortheproduct.
d.
demandfortheproductismoreelasticthanthesupplyoftheproduct.
35.Thesizeofthedeadweightlossgeneratedfromataxisaffectedbythe
a.
elasticitiesofbothsupplyanddemand.
b.
elasticityofdemandonly.
c.
elasticityofsupplyonly.
d.
totalrevenuecollectedbythegovernment.
36.Anexternalityis
a.
thecoststhatpartiesincurintheprocessofagreeingandfollowingthroughonabargain.
b.
theuncompensatedimpactofoneperson'sactionsonthewell-beingofabystander.
c.
thepropositionthatprivatepartiescanbargainwithoutcostovertheallocationofresources.
d.
amarketequilibriumtax.
37.Externalitiestendtocausemarketstobe
a.
inefficient.
b.
unequal.
c.
unnecessary.
d.
overwhelmed.
Figure10-5
38.RefertoFigure10-5.Whichpriceandquantitycombinationrepresentsthesocialoptimum?
a.
P0andQ1.
b.
P2andQ1.
c.
P1andQ0.
d.
P2andQ0.
39.Ifthegovernmentweretolimitthereleaseofair-pollutionproducedbyasteelmillto75partspermillion,thepolicywouldbeconsidered
a.
regulation.
b.
correctivetax.
c.
subsidy.
d.
market-basedpolicy.
40.Inamarkettha
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