经济学原理西方经经济学期末考试题库.docx

1、经济学原理西方经经济学期末考试题库MankiwEssentials of EconomicsTest BankPoints1、Multiple Choice1) Economics deals primarily with the concept of( )a) scarcity、b) poverty、c) change、d) power、2) Which of the following is NOT included in the decisions that every society must make?( )a) what goods will be producedb) who w

2、ill produce goodsc) what determines consumer preferences消费者的偏好d) who will consume the goods3) A rational decision maker takes an action only if the( )a) marginal benefit is less than the marginal cost、b) marginal benefit is greater than the marginal cost、c) average benefit is greater than the averag

3、e cost、d) marginal benefit is greater than both the average cost and the marginal cost、4) Macroeconomics is the study of()a) individual decision makers、b) economic history、c) economy-wide phenomena、d) how firms maximize profit5) A microeconomist might study each of the following EXCEPT( )a) the effe

4、cts of rent control on housing in New York City、b) how a college student makes financial decisions、c) how tariffs on shoes affects the shoe industry、d) the effect on the economy when unemployment rates change、6) The term market failure refers to( )a) a situation in which the market on its own fails

5、to allocate resources efficiently、b) an unsuccessful advertising campaign which reduces buyer demand、c) a situation in which competition among firms becomes ruthless、d) a firm which is forced out of business because of losses、7) Which of the following is an example of a normative 规范(主观)statement?( )

6、a) If the price of a product decreases, quantity demanded increases、 b) Reducing tax rates on the wealthy would be good for the country、 c) If the national saving rate were to increase, so would the rate of economic growth、d) All of the above are correct、8) For each good produced in a market economy

7、, demand and supply determine( )a) the price of the good, but not the quantity、b) the quantity of the good, but not the price、c) both price and quantity、d) neither price nor quantity is determined by demand and supply, because prices are ultimately set by producers、9) A higher price for batteries电池

8、would tend to( )a) increase the demand for flashlights、b) increase the demand for electricity、c) decrease the demand for electricity、d) increase the demand for batteries10) Two goods are complements if a decrease in the price of one good( )a) increases the quantity demanded of the other good、b) redu

9、ces the demand for the other good、c) reduces the quantity demanded of the other good、d) raises the demand for the other good、11) If a shortage exists in a market we know that the actual price is( )a) below equilibrium price and quantity demanded is greater than quantity supplied、b) above equilibrium

10、 price and quantity demanded is greater than quantity supplied、c) above equilibrium price and quantity supplied is greater than quantity demanded、d) below equilibrium price and quantity supplied is greater than quantity demanded、12) When the government prevents prices from adjusting naturally to sup

11、ply and demand( )a) it stabilizes the economy by reducing market uncertainties、b) it adversely affects the allocation of resources、影响了资源的分配c) the improvement in equity justifies the reduction in efficiency、d) the improvement in efficiency justifies the reduction in equity、13) Knowing that the demand

12、 for wheat is inelastic, if all farm voluntarily plowed under 10 percent of their wheat crop, then ( )a) consumers of wheat would buy more wheat、b) wheat farmers would suffer a reduction in their revenue、c) wheat farmers would increase their revenue、d) the demand for wheat would decrease、14) Suppose

13、 that a steel factory emits a certain amount of air pollution, which constitutes a negative externality、 The social cost of producing the steel includes the( )a) private costs of the steel producers and the price consumers pay for the steel、b) private costs of the steel producers and the costs to th

14、e bystanders affected by the pollution、c) costs to the bystanders effected by the pollution only、d) price consumers pay for the steel、15) The Tragedy of commons can be corrected by( )a) providing more of the resource for public use、b) assigning property rights to individuals、公地悲剧可以通过产权私人化来解决c) provi

15、ding government subsidies for the resource、d) making certain everyone in the economy has access to the resource16) Which of the following is NOT true?( )a) In the presence of a market failure, government action might not improve on the market outcome because sometimes public policies simply reward t

16、he politically powerful、b) In the presence of a market failure, government action might not improve on the market outcome because some leaders are not fully informed about the effects of their actions、c) In the presence of a market failure, government action can sometimes improve on the market outco

17、me、d) In the presence of a market failure, government action will always improve on the market outcome、17) If an economy is producing efficiently( )a) there is no way to produce more of one good without producing less of the other、b) it is possible to produce more of both goods、c) it is possible to

18、produce more of one good without producing less of the other、d) it is not possible to produce more of one good at any cost、18) The opportunity cost of obtaining more of one good is shown on the production possibilities frontier as the( )a) amount of the other good that must be given up、其她商品的数量需要放弃b)

19、 market price of the additional amount produced、c) amount of resources that must be devoted to its production、 d) dnumber of dollars that must be spent to produce it、When a firm is operating at an efficient scale( ) 19) a) average variable cost is minimized、b) average fixed cost is minimized、c) aver

20、age total cost is minimized、d) None of the above are correct、Figure 120) According figure 1, on the production possibilities frontier shown, the opportunity cost to the economy of getting 30 additional toothbrushes by moving from point A to point D is( )a) 10 toasters、b) 15 toasters、c) 20 toasters、d

21、) 25 toasters、21) When a profits-maximizing firm in a perfectly competitive market has zero economic profit, accounting profit( )a) is negative (accounting losses)、b) is positive、c) is also zero、d) could be positive, negative or zero22) In the figure2 shown, the movement from point A to point B is a

22、( )a) shift of the curve、b) change in preferences、c) movement along the curve、因为就是价格的变动,所以沿着曲线d) All of the above are correct、Figure 223) In the figure 3 shown, the movement from point B to point C is a( )a) shift of the curve、b) change in price、 movement along the curve、c) change in costs to the fi

23、rm、Figure 324) Two goods are substitutes if a decrease in the price of one good( )a) increases the demand for the other good、b) reduces the demand for the other good、c) reduces the quantity demanded of the other good、d) increases the quantity demanded of the other good、25) Two goods are complements

24、if a decrease in the price of one good( )a) increases the quantity demanded of the other good、b) reduces the demand for the other good、c) reduces the quantity demanded of the other good、d) raises the demand for the other good、26) If a decrease in income increases the demand for a good, then the good

25、 is( )a) a substitute good、b) a complement good、c) a normal good、d) an inferior good、27) On the firgue3, the movement from D to D1 is called a) an increase in demand、b) a decrease in demand、c) a decrease in quantity demanded、d) an increase in quantity demanded、28) Which of the following will definit

26、ely cause equilibrium quantity to fall?( )a) demand increases and supply decreasesb) demand and supply both decreasec) demand decreases and supply increasesd) demand and supply both increase29) If the demand for a product increases, we would expect equilibrium price( )a) to increase and equilibrium

27、quantity to decrease、b) to decrease and equilibrium quantity to increase、c) and equilibrium quantity to both increase、d) and equilibrium quantity to both decrease、30) New cars are normal goods、 What will happen to the equilibrium price of new cars if the price of gasoline rises, the price of steel f

28、alls, public transportation becomes cheaper and more comfortable, auto-workers accept lower wages and automobile insurance becomes more expensive?( )a) Price will rise、b) Price will fall、c) Price will stay exactly the same、d) The price change will be ambiguous、31) What will happen to the equilibrium

29、 price of new textbooks if more students attend college, paper becomes cheaper, textbook authors accept lower royalties and fewer used textbooks are sold?( )a) Price will rise、b) Price will fall、c) Price will stay exactly the same、d) The price change will be ambiguous、32) If the price elasticity of

30、demand for a good is 4、0, then a 10 percent increase in price would result in a( )a) 4、0 percent decrease in the quantity demanded、b) 10 percent decrease in the quantity demanded、c) 40 percent decrease in the quantity demanded、d) 400 percent decrease in the quantity demanded、33) According to the fir

31、gue4, when price falls from point $40 to $30 we know that demand must be( )a) elastic, since total revenue increases from $8000 to $9000、b) inelastic, since total revenue increases from $8000 to $9000、c) inelastic, since total revenue decreases from $9000 to $8000、d) unit elastic, since total revenu

32、e decreases from $9000 to $8000、 Figure 434) The cross-price elasticity of demand can tell us whether goods are( )a) normal or inferior、b) elastic or inelastic、c) luxuries or necessities、d) complements or substitutes、35) If wheat farmers know that the demand for wheat is inelastic, and they want to increase their to