2022年微观经济学英文作业答案 .pdf
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1、1 Microeconomics, 8e (Parkin) Testbank 2 Answer (chap1-chap13 )Chapter 1 What Is Economics? 1) An inducement to take a particular action is called Answer: D 2) All economic questions arise because we Answer: A 3) All economic questions arise because Answer: C 4) Scarcity is Answer: A 5) Scarcity ari
2、ses from Answer: C 6) When an economist talks of scarcity, the economist is referring to the Answer: C 7) Scarcity is experienced by Answer: D 8) Fundamental economic problems basically arise from Answer: D 9) Scarcity exists because Answer: B 10) Scarcity can be eliminated through Answer: D 11) Sca
3、rcity is common to all economic systems because resources are Answer: D 12) People must make choices because Answer: B 13) The problem of scarcity applies Answer: D 14) When a wealthy businessman is unable to buy tickets to the Super Bowl, he or she experiences _. Answer: B 15) In every economic sys
4、tem, choices must be made because resources are _ and our wants are _ Answer: B 16) The fundamental questions in economics result from Answer: D 17) Economics is best defined as Answer: C 18) The study of economics Answer: B 19) Economics is best defined as the science of choice and how people cope
5、with Answer: C 名师资料总结 - - -精品资料欢迎下载 - - - - - - - - - - - - - - - - - - 名师精心整理 - - - - - - - 第 1 页,共 16 页 - - - - - - - - - 2 20) Which of the following best defines the subject of economics? Answer: D Chapter 2 The Economic Problem 1) The production possibilities frontier represents Answer: C 2) A
6、production possibilities frontier (PPF) Answer: B 3) Which of the following is NOT true concerning a societys production possibilities frontier (PPF)? Answer: D 4) A point outside a production possibilities frontier indicates Answer: B 5) A production possibilities frontier illustrates the maximum a
7、mount of two different goods that can be produced if Answer: A 6) Which of the following is NOT illustrated by a production possibilities frontier? Answer: D 7) Suppose the country of Popcorn produces only jets and corn. If Popcorn cannot produce any more jets without giving up corn, we say that Pop
8、corn has achieved Answer: B 8) Production efficiency can be defined as Answer: C 9) A society that is on its production possibilities frontier is Answer: D 10) If an economy is operating at a point inside the production possibilities frontier, then Answer: A 11) Any point on a production possibiliti
9、es frontier (PPF) itself is Answer: A 12) A reduction in the amount of unemployment Answer: B 13) A country that must decrease production of one good in order to increase the production of another Answer: B 14) A president of the United States promises to produce more defense goods without any decre
10、ases in the production of other goods. This promise can be valid Answer: B 15) When producing goods and services, tradeoffs exist because Answer: B 16) Opportunity cost is best defined as Answer: C 17) A choice is made. The value of the highest-valued alternative given up is the _ of the choice made
11、. 名师资料总结 - - -精品资料欢迎下载 - - - - - - - - - - - - - - - - - - 名师精心整理 - - - - - - - 第 2 页,共 16 页 - - - - - - - - - 3 Answer: C 18) Opportunity cost is expressed in a production possibilities frontier (PPF) by a movement Answer: D 19) When operating on its PPF, a country can produce 2 tons of butter and
12、200 cars OR 3 tons of butter and 150 cars. The opportunity cost of 1 ton of butter is _ cars per ton of butter. Answer: C 20) When moving along the production possibilities frontier, opportunity cost is measured as the Answer: B Chapter 3 Demand and Supply 1) The relative price of a good is Answer:
13、A 2) All of the following statements are true except: Answer: C 3) Joe pays $8,000.00 in tuition. The 8,000 dollar tuition Joe pays is an example of what economists call Answer: B 4) A relative price is Answer: D 5) Suppose the price of a football is $20.00 and the price of a basketball is $10.00. T
14、he _ of a football is _. Answer: A 6) The price of a film camera is $150 and the price of a similar digital camera is $300. What is the relative price of the digital camera? Answer: C 7) The price of a video tape rental is currently $1.50 and the price of a DVD rental is $2.50. If the price of a vid
15、eo tape rental increases by $0.50, the relative price a DVD rental 8) The price of a video tape rental is currently $1.50 and the price of a DVD rental is $2.50. If the price of a video tape rental falls by $0.50, the relative price a DVD rental Answer: A 9) The price of a bag of corn chips is $3, a
16、nd the price of a bottle of soda is $1. What is the relative price of a bag of corn chips? Answer: A 10) The price of a bag of corn chips is $3, and the price of a bottle of soda is $1. What is the relative price of a bottle of soda? Answer: B 11) Twenty years ago a stove cost $300 and a refrigerato
17、r cost $1,500. Today a stove costs $600, while a refrigerator costs $1,800. Which of the following statements is true? Answer: C 12) The ABC Music club charges a price of $8 for a cassette and $16 for a CD. For an ABC Music Club member, the opportunity cost of a CD is Answer: A 名师资料总结 - - -精品资料欢迎下载
18、- - - - - - - - - - - - - - - - - - 名师精心整理 - - - - - - - 第 3 页,共 16 页 - - - - - - - - - 4 13) If the money price of wheat increases and no other prices change, the Answer: B 14) When graphing a demand curve for corn, we are showing the relationship between the quantity demanded of corn and the Answe
19、r: B 15) The law of demand states that changes in Answer: C 16) The law of demand is illustrated by a Answer: C 17) The law of demand refers to the fact that, all other things remaining the same, when the price of a good rises Answer: D 18) The law of demand states that, other things remaining the s
20、ame, the quantity demanded of any good is Answer: A 19) The law of demand most directly means that consumers buy Answer: B 20) The law of demand states that, other thing remaining the same, the higher Answer: D Chapter 4 Elasticity 1) Elasticity generally measures the Answer: D 2) The price elastici
21、ty of demand equals the magnitude of the Answer: B 3) An elasticity of demand is measured in Answer: D 4) The price elasticity of demand is defined as the magnitude of the Answer: C 5) Suppose the price of burgers increases from $2 to $3 each. The degree to which quantity demanded responds to this p
22、rice increase depends on the Answer: A 6) The price elasticity of demand is calculated as the absolute value of the Answer: A 7) The price elasticity of demand refers to the Answer: C 8) The price elasticity of demand for oranges _ change if the units of the quantity was changed from pounds to kilog
23、rams and _ change if the units of the price was changed from dollars to cents. Answer: D 9) Suppose the quantity of gasoline is measured in gallons and the price of gasoline is measured in dollars. The price elasticity of demand is 0.67. If the price of gasoline was now measured in cents rather than
24、 dollars, the price elasticity of demand would now be 名师资料总结 - - -精品资料欢迎下载 - - - - - - - - - - - - - - - - - - 名师精心整理 - - - - - - - 第 4 页,共 16 页 - - - - - - - - - 5 Answer: B 10) To determine the effect a 25 percent increase in the price of apples has on the quantity of apples demanded, you must kno
25、w the value of the Answer: C 11) Because of an increase in the price of leather, the average price of a pair of womens dress shoes increased 12 percent. If the price elasticity of demand for womens dress shoes is 0.85, which of the following will happen? Answer: B 12) The price of a good rises by 12
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