微观经济学 英文版 题库 完整版.docx

1、微观经济学 英文版 题库 完整版Microeconomics, 10e (Parkin)Chapter 6 Government Actions in Markets1 A Housing Market With a Rent Ceiling1) A price ceiling is a priceA) below which a seller cannot legally sell.B) above which a seller cannot legally sell.C) that creates a surplus of the good.D) Both answers A and C

2、are correct.Answer: BTopic: Price CeilingSkill: RecognitionQuestion history: Previous edition, Chapter 6AACSB: Reflective Thinking2) A price ceiling _.A) makes it illegal to charge a higher price than the specified priceB) is more effective when it is higherC) is necessary to maintain market equilib

3、riumD) occurs in housing markets onlyAnswer: ATopic: Price CeilingSkill: RecognitionQuestion history: Previous edition, Chapter 6AACSB: Reflective Thinking3) A price _ is a regulated _ that must be set below the equilibrium price to have an effect.A) floor; priceB) floor; quantityC) ceiling; priceD)

4、 ceiling; quantityAnswer: CTopic: Rent CeilingSkill: RecognitionQuestion history: Previous edition, Chapter 6AACSB: Reflective Thinking4) In order to have an effect, a price ceiling must be set _. A) above the equilibrium priceB) equal to the equilibrium priceC) below the equilibrium priceD) by supp

5、liersAnswer: CTopic: Rent CeilingSkill: RecognitionQuestion history: Previous edition, Chapter 6AACSB: Reflective Thinking5) A rent ceiling below the equilibrium rent will createA) a more efficient allocation of housing.B) a larger number of apartments rented.C) no change in the number of apartments

6、 rented.D) increased search time and black markets.Answer: DTopic: Rent CeilingSkill: RecognitionQuestion history: Previous edition, Chapter 6AACSB: Reflective Thinking6) A rent ceiling _.A) increases the quantity of rental units suppliedB) cannot change the market priceC) set above equilibrium pric

7、e has no effectD) generally aims at insuring that landlords receive a higher rent than would otherwise be the caseAnswer: CTopic: Rent CeilingSkill: ConceptualQuestion history: Previous edition, Chapter 6AACSB: Reflective Thinking7) A rent ceiling set above the equilibrium rentA) restricts the quant

8、ity demanded but not the quantity supplied.B) restricts the quantity supplied but not the quantity demanded.C) restricts both the quantity demanded and the quantity supplied.D) has no effect.Answer: DTopic: Rent CeilingSkill: AnalyticalQuestion history: Previous edition, Chapter 6AACSB: Analytical S

9、kills8) A price ceiling, such as a rent ceiling,A) always results in a surplus.B) always results in a shortage.C) results in a surplus if the ceiling price is less than the equilibrium price.D) results in a shortage if the ceiling price is less than the equilibrium price.Answer: DTopic: Price Ceilin

10、gSkill: RecognitionQuestion history: Previous edition, Chapter 6AACSB: Reflective Thinking9) Which of the following is an effect of a price ceiling set below the equilibrium price?A) Less of the good is produced with the ceiling than would be produced without the ceiling.B) The price ceiling has no

11、effect on the market equilibrium.C) Consumers can buy more than they can at the equilibrium price because the ceiling price is lower.D) None of the above answers is correct.Answer: ATopic: Price CeilingSkill: RecognitionQuestion history: Previous edition, Chapter 6AACSB: Reflective Thinking10) Suppo

12、se the government imposes a price ceiling on gasoline that is less than the equilibrium price. As a result,A) the price of gasoline rises to the equilibrium price.B) there is incentive for buyers to undertake search activity.C) the supply of gasoline will increase and the supply curve will shift rig

13、htward.D) the demand for gasoline will decrease and the demand curve will shift leftward.Answer: BTopic: Price CeilingSkill: ConceptualQuestion history: Previous edition, Chapter 6AACSB: Reflective Thinking11) Which of the following is NOT a potential impact of a rent ceiling set below the equilibri

14、um rent?A) a surplusB) an increase in searchC) a deadweight lossD) None of the above because they are all impacts of a rent ceiling set below the equilibrium rent.Answer: ATopic: Price CeilingSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking12) A price ceiling can re

15、sult in which of the following?A) inefficiencyB) black marketsC) increased search activitiesD) All of the above answers are correct.Answer: DTopic: Price CeilingSkill: AnalyticalQuestion history: Previous edition, Chapter 6AACSB: Reflective Thinking13) Sherry wants to rent an apartment. Although ren

16、ts are below what she is willing to pay, she cannot find an apartment. Then after a month of searching, she finds an apartment but she has to pay an additional $1,000 to have the locks changed. Sherry has just experienced the effects of _.A) a rent floor with a black marketB) inelastic demandC) a ma

17、rket working efficientlyD) a rent ceilingAnswer: DTopic: Rent CeilingSkill: ConceptualQuestion history: Previous edition, Chapter 6AACSB: Communication14) Price ceilings, such as rent ceilings, set below the equilibrium priceA) increase producer surplus.B) decrease producer surplus.C) do not affect

18、producer surplus.D) might increase or decrease producer surplus.Answer: BTopic: Price CeilingSkill: RecognitionQuestion history: Modified 10th editionAACSB: Reflective Thinking15) Which of the following is an economic policy that promotes the efficient quantity of apartments?A) a rent floor above th

19、e equilibrium rentB) a rent ceiling below the equilibrium rentC) a sales tax imposed on renting an apartmentD) none of the aboveAnswer: DTopic: A Regulated Housing MarketSkill: ConceptualQuestion history: Previous edition, Chapter 6AACSB: Analytical Skills16) A rent ceiling results in a shortage. As

20、 a result, which of the following do you expect?A) The shortage will persist as long as the ceiling is in effect.B) Discrimination as landlords choose their tenants, possibly based on race, age, or gender.C) A black market for apartments whereby higher rents are obtained through various other charge

21、s.D) All of the above would be expected.Answer: DTopic: A Regulated Housing MarketSkill: AnalyticalQuestion history: Previous edition, Chapter 6AACSB: Communication17) A price ceiling set below the equilibrium price _ search activity and _ the use of black markets.A) increases; increasesB) increases

22、; decreasesC) decreases; increasesD) decreases; decreasesAnswer: ATopic: A Regulated MarketSkill: AnalyticalQuestion history: Previous edition, Chapter 6AACSB: Analytical Skills18) The opportunity cost of buying a good includesI. the price of the good.II. the value of time spent searching for the go

23、od.A) only IB) only IIC) both I and IID) neither I nor IIAnswer: CTopic: Search ActivitySkill: RecognitionQuestion history: Previous edition, Chapter 6AACSB: Reflective Thinking19) When a rent ceiling is imposed in a housing market, the opportunity cost of housing equals theA) rent.B) market equilib

24、rium rent that would prevail in the absence of a rent ceiling.C) value of the time and resources spent searching plus the rent.D) consumer surplus.Answer: CTopic: Search ActivitySkill: ConceptualQuestion history: Previous edition, Chapter 6AACSB: Reflective Thinking20) Search activity _.A) occurs th

25、ere is a surplus of the goodB) is unnecessary when a black market existsC) increases when an effective price ceiling is set on a goodD) decreases when an effective price ceiling is set on a goodAnswer: CTopic: Search ActivitySkill: RecognitionQuestion history: Previous edition, Chapter 6AACSB: Refle

26、ctive Thinking21) A rent ceiling set below the equilibrium rent willA) increase search activity.B) decrease search activity.C) have no effect on search activity.D) shift the housing supply curve rightward.Answer: ATopic: Search ActivitySkill: ConceptualQuestion history: Modified 10th editionAACSB: R

27、eflective Thinking22) One consequence of rent ceilings set below the equilibrium rent is thatA) a surplus of housing units develops.B) renters are no longer exploited by landlords.C) it makes the long-run housing supply more elastic.D) search costs for housing increase.Answer: DTopic: Search Activit

28、ySkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking23) With rent controls, which of the following is most likely to occur?A) decreased search activityB) black market activityC) a building boomD) a housing surplusAnswer: BTopic: Black MarketsSkill: RecognitionQuestion

29、history: Previous edition, Chapter 6AACSB: Communication24) _ is an illegal activity between buyers and sellers sometimes used to evade a price ceiling.A) Increased search activityB) A price floorC) Creating a shortageD) A black marketAnswer: DTopic: Black MarketsSkill: ConceptualQuestion history: P

30、revious edition, Chapter 6AACSB: Reflective Thinking25) A rent ceiling results in a shortage. As a result, which of the following do you expect?A) A shortage of applicants for the apartments available.B) Discrimination as tenants choose their landlords, possibly based on race, age, or gender.C) A bl

31、ack market for apartments whereby higher rents are obtained through various other charges.D) In the long-run, more and more people will want to become landlords.Answer: CTopic: Black MarketsSkill: AnalyticalQuestion history: Previous edition, Chapter 6AACSB: Reflective Thinking26) With rent controls, what mechanism might arise to bring about an equilibrium?A) decreased search costsB) black market ac