微观经济学英文作业答案chap1chap13.docx
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微观经济学英文作业答案chap1chap13
Microeconomics,8e（Parkin）Testbank2Answer（chap1-chap13）
Chapter1WhatIsEconomics?
1）Aninducementtotakeaparticularactioniscalled
Answer:
D
2）Alleconomicquestionsarisebecausewe
Answer:
A
3）Alleconomicquestionsarisebecause
Answer:
C
4）Scarcityis
Answer:
A
5）Scarcityarisesfrom
Answer:
C
6）Whenaneconomisttalksofscarcity,theeconomistisreferringtothe
Answer:
C
7）Scarcityisexperiencedby
Answer:
D
8）Fundamentaleconomicproblemsbasicallyarisefrom
Answer:
D
9）Scarcityexistsbecause
Answer:
B
10）Scarcitycanbeeliminatedthrough
Answer:
D
11）Scarcityiscommontoalleconomicsystemsbecauseresourcesare
Answer:
D
12）Peoplemustmakechoicesbecause
Answer:
B
13）Theproblemof"scarcity"applies
Answer:
D
14）WhenawealthybusinessmanisunabletobuyticketstotheSuperBowl,heorshe
experiences________.
Answer:
B
15）Ineveryeconomicsystem,choicesmustbemadebecauseresourcesare________andour
wantsare________
Answer:
B
16）Thefundamentalquestionsineconomicsresultfrom
Answer:
D
17）Economicsisbestdefinedas
Answer:
C
18）Thestudyofeconomics
Answer:
B
19）Economicsisbestdefinedasthescienceofchoiceandhowpeoplecopewith
Answer:
C
1
20）Whichofthefollowingbestdefinesthesubjectofeconomics?
Answer:
D
Chapter2TheEconomicProblem
1）Theproductionpossibilitiesfrontierrepresents
Answer:
C
2）Aproductionpossibilitiesfrontier（PPF）
Answer:
B
3）WhichofthefollowingisNOTtrueconcerningasociety'sproductionpossibilitiesfrontier
（PPF）?
Answer:
D
4）Apointoutsideaproductionpossibilitiesfrontierindicates
Answer:
B
5）Aproductionpossibilitiesfrontierillustratesthemaximumamountoftwodifferent
goodsthatcanbeproducedif
Answer:
A
6）WhichofthefollowingisNOTillustratedbyaproductionpossibilitiesfrontier?
Answer:
D
7）SupposethecountryofPopcornproducesonlyjetsandcorn.IfPopcorncannotproduce
anymorejetswithoutgivingupcorn,wesaythatPopcornhasachieved
Answer:
B
8）Productionefficiencycanbedefinedas
Answer:
C
9）Asocietythatisonitsproductionpossibilitiesfrontieris
Answer:
D
10）Ifaneconomyisoperatingatapointinsidetheproductionpossibilitiesfrontier,thenAnswer:
A
11）Anypointonaproductionpossibilitiesfrontier（PPF）itselfis
Answer:
A
12）Areductionintheamountofunemployment
Answer:
B
13）Acountrythatmustdecreaseproductionofonegoodinordertoincreasethe
productionofanother
Answer:
B
14）ApresidentoftheUnitedStatespromisestoproducemoredefensegoodswithoutany
decreasesintheproductionofothergoods.Thispromisecanbevalid
Answer:
B
15）Whenproducinggoodsandservices,tradeoffsexistbecause
Answer:
B
16）Opportunitycostisbestdefinedas
Answer:
C
17）Achoiceismade.Thevalueofthehighest-valuedalternativegivenupisthe________of
thechoicemade.
Answer:
C
18）Opportunitycostisexpressedinaproductionpossibilitiesfrontier（PPF）bya
movement
Answer:
D
19）WhenoperatingonitsPPF,acountrycanproduce2tonsofbutterand200carsOR3tonsof
butterand150cars.Theopportunitycostof1tonofbutteris________carspertonofbutter.Answer:
C
20）Whenmovingalongtheproductionpossibilitiesfrontier,opportunitycostismeasuredastheAnswer:
B
Chapter3DemandandSupply
1）Therelativepriceofagoodis
Answer:
A
2）Allofthefollowingstatementsaretrueexcept:
Answer:
C
3）Joepays$8,000.00intuition.The8,000dollartuitionJoepaysisanexampleofwhateconomistscall
Answer:
B
4）Arelativepriceis
Answer:
D
5）Supposethepriceofafootballis$20.00andthepriceofabasketballis$10.00.The_______ofafootballis________.
Answer:
A
6）Thepriceofafilmcamerais$150andthepriceofasimilardigitalcamerais$300.Whatistherelativepriceofthedigitalcamera?
Answer:
C
7）Thepriceofavideotaperentaliscurrently$1.50andthepriceofaDVDrentalis$2.50.Ifthepriceofavideotaperentalincreasesby$0.50,therelativepriceaDVDrental
8）Thepriceofavideotaperentaliscurrently$1.50andthepriceofaDVDrentalis$2.50.Ifthepriceofavideotaperentalfallsby$0.50,therelativepriceaDVDrental
Answer:
A
9）Thepriceofabagofcornchipsis$3,andthepriceofabottleofsodais$1.Whatistherelativepriceofabagofcornchips?
Answer:
A
10）Thepriceofabagofcornchipsis$3,andthepriceofabottleofsodais$1.Whatisthe
relativepriceofabottleofsoda?
Answer:
B
11）Twentyyearsagoastovecost$300andarefrigeratorcost$1,500.Todayastovecosts$600,
whilearefrigeratorcosts$1,800.Whichofthefollowingstatementsistrue?
Answer:
C
12）TheABCMusicclubchargesapriceof$8Foracassetteand$16ForaCD.ForanABC
MusicClubmember,theopportunitycostofaCDis
Answer:
A
13）Ifthemoneypriceofwheatincreasesandnootherpriceschange,the
Answer:
B
14）WhengraphingademandcurveForcorn,weareshowingtherelationshipbetweenthe
quantitydemandedofcornandthe
Answer:
B
15）The"lawofdemand"statesthatchangesin
Answer:
C
16）The"lawofdemand"isillustratedbya
Answer:
C
17）The"lawofdemand"referstothefactthat,allotherthingsremainingthesame,whenthe
priceofagoodrises
Answer:
D
18）The"lawofdemand"statesthat,otherthingsremainingthesame,thequantitydemandedof
anygoodis
Answer:
A
19）The"lawofdemand"mostdirectlymeansthatconsumersbuy
Answer:
B
20）The"lawofdemand"statesthat,otherthingremainingthesame,thehigher
Answer:
D
Chapter4Elasticity
1）Elasticitygenerallymeasuresthe
Answer:
D
2）Thepriceelasticityofdemandequalsthemagnitudeofthe
Answer:
B
3）Anelasticityofdemandismeasuredin
Answer:
D
4）Thepriceelasticityofdemandisdefinedasthemagnitudeofthe
Answer:
C
5）Supposethepriceofburgersincreasesfrom$2to$3each.Thedegreetowhichquantitydemandedrespondstothispriceincreasedependsonthe
Answer:
A
6）Thepriceelasticityofdemandiscalculatedastheabsolutevalueofthe
Answer:
A
7）Thepriceelasticityofdemandreferstothe
Answer:
C
8）ThepriceelasticityofdemandFororanges________changeiftheunitsofthequantitywaschangedfrompoundstokilogramsand________changeiftheunitsofthepricewaschangedfromdollarstocents.
Answer:
D
9）Supposethequantityofgasolineismeasuredingallonsandthepriceofgasolineismeasuredindollars.Thepriceelasticityofdemandis0.67.Ifthepriceofgasolinewasnowmeasuredincentsratherthandollars,thepriceelasticityofdemandwouldnowbe
Answer:
B
10）Todeterminetheeffecta25percentincreaseinthepriceofappleshasonthequantityof
applesdemanded,youmustknowthevalueofthe
Answer:
C
11）Becauseofanincreaseinthepriceofleather,theaveragepriceofapairofwomen'sdress
shoesincreased12percent.IfthepriceelasticityofdemandForwomen'sdressshoesis0.85,whichofthefollowingwillhappen?
Answer:
B
12）Thepriceofagoodrisesby12percentandthepriceelasticityofdemandForthegoodis
0.85.Whichofthefollowingisacorrectinterpretationofthesefacts?
Answer:
D
13）Ifa20percentincreaseinthepriceofausedcarresultsina10percentdecreaseinthe
quantityofusedcarsdemanded,thenthepriceelasticityofdemandequals
Answer:
A
14）Supposethatthequantityofpizzademandeddecreasedby15percentafteranincreasein
priceof10percent.WhatisthepriceelasticityofdemandForpizza?
Answer:
A
15）Whenthepriceofamovieticketincreasesfrom$5to$7,thequantityofticketsdemanded
decreasesfrom600to400aday.WhatisthepriceelasticityofdemandFormovietickets?
Answer:
B
16）Ariseinthepriceoforangesfrom$2.00to$2.50perpounddecreasesthequantity
demandedfrom2,000to1,800pounds.Thepriceelasticityofdemandfororangesis
Answer:
A
17）Ifthepriceofamovieticketincreasesby4percentandthequantityofmoviesdemanded
fallsby2percent,thepriceelasticityofdemandis
Answer:
C
18）Ifthequantitydemandedofhamburgersincreasesby20percentwhenthepricedecreasesby5percent,thenthepriceelasticityofdemandis
Answer:
B
19）TacoBell'seconomistsdeterminethatthepriceelasticityofdemandfortheirtacosis2.0.So,
ifTacoBellraisesthepriceofitstacosby6.0percent,thequantitydemandedwilldecreaseby________percent.
Answer:
D
20）Usingaveragepriceandaveragequantity,calculatethepriceelasticityofdemandifaprice
risefrom$8to$10anddecreasesthequantitydemandedfrom20unitsto15units.Thepriceelasticityofdemandequals
Answer:
B
Chapter5EfficiencyandEquity
1）Allofthefollowingdescribetheconceptofmarginalbenefitexceptthe
Answer:
C
2）Themaximumamountofothergoodsandservicesthatpeoplearewillingtogiveupinordertogetonemorepersonalcomputeristhe
Answer:
B
3）Whichofthefollowingiscorrect?
Answer:
C
4）Theprincipleofdecreasingmarginalbenefitimpliesthatthe
Answer:
A
5）Marginalbenefitisthe
Answer:
D
6）"Value"meansthe
Answer:
A
7）Ademandcurvemeasures
Answer:
D
8）ThedemandcurveForCDsshowsthe
Answer:
B
9）Marginalbenefit
Answer:
D
10）Marginalbenefit
Answer:
B
11）Thedemandcurve
Answer:
D
12）Ademandcurvecanbealso
Answer:
C
13）Thedemandcurvealsois
Answer:
B
14）ThedemandcurveForcoffeeisthesameasthe
Answ
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