微观经济学 题库.docx

1、微观经济学 题库Microeconomics, 10e (Parkin)Chapter 1 What Is Economics?1 Definition of Economics1) All economic questions are aboutA) how to make money.B) what to produce.C) how to cope with scarcity.D) how to satisfy all our wants.Answer: CTopic: ScarcitySkill: RecognitionQuestion history: Previous editio

2、n, Chapter 1AACSB: Reflective Thinking2) All economic questions arise because weA) want more than we can get.B) want more than we need.C) have an abundance of resources.D) have limited wants that need to be satisfied.Answer: ATopic: ScarcitySkill: RecognitionQuestion history: Previous edition, Chapt

3、er 1AACSB: Reflective Thinking3) Economics is best defined as the study of how people, businesses, governments, and societiesA) choose abundance over scarcity.B) make choices to cope with scarcity.C) use their infinite resources.D) attain wealth.Answer: BTopic: ScarcitySkill: ConceptualQuestion hist

4、ory: Previous edition, Chapter 1AACSB: Reflective Thinking4) Scarcity is a situation in whichA) people cannot satisfy all their wants.B) most people can get only bare necessities.C) people can satisfy all their wants. D) some people can get all they want and some cannot. Answer: ATopic: ScarcitySkil

5、l: RecognitionQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking5) Economists point out that scarcity confrontsA) neither the poor nor the rich.B) the poor but not the rich.C) the rich but not the poor.D) both the poor and the rich.Answer: DTopic: ScarcitySkill: ConceptualQuesti

6、on history: Previous edition, Chapter 1AACSB: Ethical Reasoning6) Scarcity isA) our inability to satisfy all our wants.B) a situation that exists during economic recessions but not during economic booms.C) eliminated by choices.D) an economic problem only for poor people.Answer: ATopic: ScarcitySkil

7、l: RecognitionQuestion history: Modified 10th editionAACSB: Reflective Thinking7) When an economist talks of scarcity, the economist is referring to theA) ability of society to employ all of its resources.B) ability of society to consume all that it produces.C) inability of society to satisfy all hu

8、man wants because of limited resources.D) ability of society to continually make technological breakthroughs and increase production.Answer: CTopic: ScarcitySkill: RecognitionQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking8) Fundamental economic problems basically arise fromA

9、) the fact that society has more than it needs.B) turmoil in the stock market. C) the unequal distribution of income.D) our wants exceeding our scarce resources.Answer: DTopic: ScarcitySkill: RecognitionQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking9) Scarcity exists because

10、A) society and people are greedy and wasteful.B) our wants exceed the resources available to satisfy them.C) of the inefficient choices we make.D) poor people need more food and other goods.Answer: BTopic: ScarcitySkill: RecognitionQuestion history: Previous edition, Chapter 1AACSB: Reflective Think

11、ing10) Scarcity can be eliminated throughA) the use of market mechanisms.B) exploration that helps us find new resources.C) wise use of our resources.D) None of the above because scarcity cannot be eliminated.Answer: DTopic: ScarcitySkill: RecognitionQuestion history: Previous edition, Chapter 1AACS

12、B: Reflective Thinking11) As an economic concept, scarcity applies toA) both money and time.B) money but not time.C) time but not money.D) neither time nor money.Answer: ATopic: ScarcitySkill: ConceptualQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking12) In every economic syst

13、em, choices must be made because resources are _ and our wants are _.A) unlimited; limitedB) limited; unlimitedC) unlimited; unlimitedD) limited; limitedAnswer: BTopic: ScarcitySkill: ConceptualQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking13) The problem of scarcity applies

14、A) only in industrially developed countries because resources are scarce in these countries.B) only in underdeveloped countries because there are few productive resources in these countries.C) Only in economic systems that are just beginning to develop because specialized resources are scarce.D) to

15、all economic systems, regardless of their level of development.Answer: DTopic: ScarcitySkill: ConceptualQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking14) Scarcity requires that people mustA) cooperate.B) compete.C) trade.D) make choices.Answer: DTopic: ScarcitySkill: Concept

16、ualQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking15) People must make choices becauseA) most people enjoy shopping.B) of scarcity.C) there are many goods available.D) None of the above answers is correct.Answer: BTopic: ScarcitySkill: ConceptualQuestion history: Previous edi

17、tion, Chapter 1AACSB: Reflective Thinking16) An incentiveA) could be a reward but could not be a penalty.B) could be a penalty but could not be a reward.C) could be either a reward or a penalty.D) is the opposite of a tradeoff.Answer: CTopic: IncentiveSkill: RecognitionQuestion history: Previous edi

18、tion, Chapter 1AACSB: Reflective Thinking17) An inducement to take a particular action is called A) the marginal benefit.B) the marginal cost.C) opportunity cost.D) an incentive.Answer: DTopic: IncentiveSkill: RecognitionQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking18) Econ

19、omics is best defined asA) how people make money and profits in the stock market.B) making choices from an unlimited supply of goods and services.C) making choices with unlimited wants but facing a scarcity of resources.D) controlling a budget for a household.Answer: CTopic: Definition of EconomicsS

20、kill: RecognitionQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking19) The study of economicsA) focuses mainly on individual consumers.B) arises from the fact that our wants exceed available resources.C) recognizes that scarcity does not affect rich nations.D) deals mainly with

21、microeconomics.Answer: BTopic: Definition of EconomicsSkill: RecognitionQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking20) Economics is best defined as the science of choice and how people cope withA) differences in wants.B) differences in needs.C) scarcity.D) different econo

22、mic systems.Answer: CTopic: Definition of EconomicsSkill: RecognitionQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking21) Economics is the study ofA) the distribution of surplus goods to those in need.B) affluence in a morally bankrupt world.C) the choices we make because of sc

23、arcity.D) ways to reduce wants to eliminate the problem of scarcity.Answer: CTopic: Definition of EconomicsSkill: ConceptualQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking22) The study of the choices made by individuals is part of the definition ofA) microeconomics.B) positiv

24、e economics.C) macroeconomics.D) normative economics.Answer: ATopic: Microeconomics and MacroeconomicsSkill: RecognitionQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking23) In part, microeconomics is concerned withA) how a business firm decides upon the amount it produces and t

25、he price it sets.B) changes in the economys total output of goods and services over long periods of time.C) factors that explain changes in the unemployment rate over time.D) the Federal Reserves policy decisions.Answer: ATopic: Microeconomics and MacroeconomicsSkill: RecognitionQuestion history: Pr

26、evious edition, Chapter 1AACSB: Reflective Thinking24) The study of the decisions of individual units in the economy is known asA) macroeconomics.B) microeconomics.C) the study of incentives.D) ceteris paribus study.Answer: BTopic: Microeconomics and MacroeconomicsSkill: RecognitionQuestion history:

27、 Previous edition, Chapter 1AACSB: Reflective Thinking25) Studying the determination of prices in individual markets is primarily a concern ofA) positive economics.B) negative economics.C) macroeconomics.D) microeconomics.Answer: DTopic: Microeconomics and MacroeconomicsSkill: RecognitionQuestion hi

28、story: Previous edition, Chapter 1AACSB: Reflective Thinking26) The analysis of the behavior of individual decision-making units is the definition ofA) microeconomics.B) positive economics.C) macroeconomics.D) normative economics.Answer: ATopic: Microeconomics and MacroeconomicsSkill: RecognitionQue

29、stion history: Previous edition, Chapter 1AACSB: Reflective Thinking27) Which of the following is a microeconomic topic?A) How a trade agreement between the United States and Mexico affects both nations unemployment rates.B) Comparing inflation rates across countries.C) How rent ceilings impact the

30、supply of apartments.D) How a tax rate increase will impact total production.Answer: CTopic: Microeconomics and MacroeconomicsSkill: ConceptualQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking28) Which of the following questions is NOT a microeconomic question?A) Can the Federa

31、l Reserve keep income growing by cutting interest rates?B) How would a tax on e-commerce affect eBay?C) What is Britneys opportunity cost of having another baby?D) Does the United States have a comparative advantage in information technology services?Answer: ATopic: Microeconomics and MacroeconomicsSkill: ConceptualQuestion history: Previous edition, Chapter 1AACSB: Reflective Thinking29) Which of