微观经济学Microeconomics英文版题库完整版.docx

1、微观经济学Microeconomics英文版题库完整版Microeconomics, 10e (Parkin)Chapter 5 Efficiency and Equity 1 Resource Allocation Methods1) In the United States, resources are most often allocated byA) market price. B) command system.C) lottery.D) contest. Answer: ATopic: Resource Allocation MethodsSkill: RecognitionQue

2、stion history: Previous edition, Chapter 5AACSB: Reflective Thinking2) A contest is a good way to allocate scarce resources when A) the efforts of the players are hard to monitor directly.B) the lines of responsibility are clear.C) the decision being made affects a large number of people.D) there is

3、 no effective way to distinguish among potential users.Answer: ATopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking3) The resource allocation method that is used to allocate scarce resources between private use and government use

4、 isA) first-come, first-served.B) personal characteristics.C) majority rule.D) lottery.Answer: CTopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking4) Which of the following is true?A) Lotteries work best when a resource can serve just

5、one user at a time in a sequence.B) A market price always allocates resources better than does a command system.C) When the government decides how to allocate tax dollars among competing uses, resources are allocated by majority rule.D) Force has never played an important role in allocating scarce r

6、esources.Answer: CTopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking5) Which of the following is true?A) When resources are allocated on the basis of personal characteristics, all people who are willing and able to pay the price

7、 get the resource.B) When the range of activities to be monitored is large and complex, a command system allocates resources better than a market price.C) When a market price allocates resources, some people who are willing and able to pay that price dont get the resource.D) Force helps support the

8、legal system on which markets function.Answer: DTopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking6) As a method of resource allocation, forceA) is not important.B) plays a crucial negative role.C) plays a crucial positive role.D) pla

9、ys a crucial role for both good and ill.Answer: DTopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking7) As a method of resource allocation, market priceA) means those who are willing and able to pay get a particular good or servic

10、e.B) works well when self-interest must be suppressed.C) works best inside firms and government departments.D) is efficient when there is no effective way to distinguish among potential users of a scarce resource.Answer: ATopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Modified

11、10th editionAACSB: Reflective Thinking8) Which of the following is true?A) When a market price allocates resources, all people who are willing and able to pay that price get the resource. B) A command system works well when the range of activities to be monitored is large and complex.C) When the gov

12、ernment decides how to allocate tax dollars among competing uses, resources are allocated by market prices.D) When a manager offers everyone in the company the opportunity to win a prize, resources are allocated by a lottery.Answer: ATopic: Resource Allocation MethodsSkill: ConceptualQuestion histor

13、y: Previous edition, Chapter 5AACSB: Reflective Thinking9) When allocating resources using market priceA) everyone who is willing and able to pay for a good gets one.B) everyone who wants a good gets one.C) everyone who is willing to pay for a good gets one.D) everyone who is able to pay for a good

14、gets one.Answer: ATopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking10) When scarce resources can serve only one user at a time in sequence, which method works well for allocating the scarce resources?A) first come, first served

15、B) lotteryC) contestD) command systemAnswer: ATopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking11) Which of the following is true?A) When a market price allocates resources, everyone who is able to pay the price gets the resour

16、ce. B) A command system works well when the lines of authority and responsibility are clear .C) When the government decides how to allocate tax dollars among competing uses, resources are allocated by command.D) When a manager offers everyone in the company the opportunity to win a prize, resources

17、are allocated by a market price.Answer: BTopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking12) Allocating resources by the order of someone in authority is a _ allocation method.A) first-come, first-servedB) market priceC) majority ru

18、leD) commandAnswer: DTopic: Study Guide Question, Resource Allocation MethodSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking13) Often people trying to withdraw money from their bank must wait in line, which reflects a _ allocation method.A) first-come, first-s

19、ervedB) market priceC) contestD) commandAnswer: ATopic: Study Guide Question, Resource Allocation MethodSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking14) If a person will rent an apartment only to married couples over 30 years old, that person is allocating

20、resources using a _ allocation method.A) first-come, first-servedB) market priceC) personal characteristicsD) commandAnswer: CTopic: Study Guide Question, Resource Allocation MethodSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking2 Benefit, Cost, and Surplus1)

21、The value of one more unit of a good or service is theA) marginal benefit.B) minimum price that people are willing to pay for another unit of the good or service.C) marginal cost.D) opportunity cost of producing one more unit of a good or service.Answer: ATopic: Value, Willingness to Pay, and Demand

22、Skill: RecognitionQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking2) The value of a good is equal to theA) maximum price you are willing to pay for it.B) price that you actually pay for it.C) price you actually pay for it minus the maximum you are willing to pay for it.D) maxi

23、mum you are willing to pay for it minus the price you actually pay for it.Answer: ATopic: Value, Willingness to Pay, and DemandSkill: RecognitionQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking3) Marginal benefit is the benefit received from _.A) consuming more goods or servic

24、esB) producing the efficient quantityC) consuming the efficient quantityD) consuming one more unit of a good or serviceAnswer: DTopic: Marginal BenefitSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking4) All of the following statements about marginal benefit are

25、 correct EXCEPT the marginal benefit of a goodA) is the benefit a person receives from consuming one more unit of the good or service.B) is measured as the maximum amount that a person is willing to pay for one more unit of the good.C) is equal to zero when resource use is efficient.D) decreases as

26、the quantity consumed of the good increases.Answer: CTopic: Marginal BenefitSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking5) Sal likes to eat pizza. The _ is the maximum amount that Sal is willing to pay for one more piece of pizza.A) efficient priceB) effic

27、ient amountC) marginal benefitD) marginal costAnswer: CTopic: Marginal BenefitSkill: RecognitionQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking6) Marginal benefitA) is the same as the total benefit received from consuming a good.B) is the maximum amount a person is willing to

28、 pay for one more unit of a good.C) increases as consumption increases.D) is the difference between total benefit and total cost.Answer: BTopic: Marginal BenefitSkill: RecognitionQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking7) Jane is willing to pay $50 for a pair of shoes.

29、 The actual price of the shoes is $30. Her marginal benefit isA) $50.B) $30.C) $20.D) $80.Answer: ATopic: Marginal BenefitSkill: AnalyticalQuestion history: Previous edition, Chapter 5AACSB: Reflective ThinkingThe table below shows the demand schedules for pizza for Abby and Barry who are the only b

30、uyers in the market.Price(dollars per slice)Abbys quantity demanded (slices per month)Barrys quantity demanded (slices per month)2.5025503.0020403.5015304.0010204.505105.00008) Based on the table, what is Abbys marginal benefit from the 10th slice of pizza?A) $4B) $13C) $0.50D) $40Answer: ATopic: Ma

31、rginal BenefitSkill: AnalyticalQuestion history: Previous edition, Chapter 5AACSB: Analytical Skills9) Based on the table, what is Barrys marginal benefit from the 40th slice of pizza? A) $3B) $5.50C) $0.50D) $12Answer: ATopic: Marginal BenefitSkill: AnalyticalQuestion history: Previous edition, Chapter 5AACSB: Analytical Skills10) Based on the table, what is the marginal social benefit from the 45th slice of pizza?