第1页共8页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第1页共8页一、TrueorFalse1.AccordingtotheLawofComparativeAdvantage,individualsandeconomiesshouldspecializeinproducingthosegoodsandservicesinwhichtheyhaveacomparativeadvantage.()2.IfMUx/PxislessthanMUy/Py,thenautility-maximizingconsumertheconsumershouldconsumemoreXandlessY.()3.Iftherearetwogoodswithpositivepricesandthepriceofonegoodisreduced,whileincomeandotherpricesremainconstant,thenthesizeofthebudgetsetisreduced.()4.Justasinthetheoryofutilitymaximizingconsumers,thetheoryofprofitmaximizingfirmsallowsthepossibilityof"Giffenfactors".Thesearefactorsforwhichafallinpriceleadstoafallindemand.()5.Ifthevalueofthemarginalrevenueproduct(MRP)oflaborexceedsthewagerate,thenacompetitive,profit-maximizingfirmwouldwanttohiremorelabor.()6.Iftheamountofmoneythatpeoplearewillingtospendonagoodstaysthesamewhenitspricedoubles,thendemandforthatgoodmusthaveapriceelasticityofdemandsmallerinabsolutevaluethanone.()7.Iftheequationforthedemandcurveisq=40-2p;thenmarginalrevenuedecreasesinthequantitydemanded.()8.Producer'ssurplusatpricepistheverticaldistancebetweenthesupplycurveandthedemandcurveatpricep.()第2页共8页第1页共8页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第2页共8页9.Thosewhowanttousehighercigarettetaxesasameansofreducingsmokingwouldpreferthedemandcurveforcigarettestobehighlyelastic.()10.Afirmisexperiencingeconomiesofscalemeansthatthepercentincreaseinoutputisgreaterthanpercentincreaseininputs,andhence,thelongrunaveragecostofproductionisstable.()二、MultipleChoice1.Economicsisthestudyofa.scarcityundertheconditionsofdemocracyb.choicewithinasystemofcapitalismc.theroleofgovernmentinamarketsystemd.choiceunderconditionsofscarcity2.Opportunitycostsexistbecausea.thereisapriceattachedtovirtuallyeverygoodorserviceb.technologyisnotfixedintheeconomyc.peoplehavedifferenttastesandpreferencesd.limitedresourcescannotsatisfyallofthewantsinsociety3.Alongaproductionpossibilitiesfrontiera.moreofonegoodcanbeproducedwithoutgivingupsomeoftheothergoodb.resourcesarenotbeingfullyutilizedc.availableresourcesarebeingusedefficientlyd.thereisproductiveinefficiency4.Youhaveabondthatyoucanredeemfor$10,000inthenextyear.Theinterestrateis10%peryear.Howmuchisthebondworthtoday?a.$9,090.91b.$10,000.00c.$8,264.46d.$9,523.815.WhichofthefollowingwouldNOTcausethedemandcurveforcollegefootballticketstoshift?第3页共8页第2页共8页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第3页共8页a.anincreaseinthepriceofprofessionalfootballticketsb.adecreaseinthepriceofcollegebasketballticketsc.anincreaseinthepriceofcollegefootballticketsd.anincreaseinstudentpreferencesforcollegefootballtickets6.Apriceflooroncornwouldhavetheeffectofa.creatingasurplusregardlessofwherethepricefloorissetb.creatingasurplusifthepricelevelissetabovetheequilibriumpricec.creatingashortagewhenthepricefloorissetbelowtheequilibriumpriced.creatingashortageregardlessofwherethepricefloorisset7.Alongaperfectlyelasticsupplycurvea.thequantitysuppliedisalwaysthesameb.thepriceelasticityofdemandisalwaysthesamec.thepriceisalwaysthesamed.thecross-priceelasticityofdemandisalwaysthesame8.Theincomeeffectmeasureshowa.thequantityofagoodsuppliedchangesinresponsetoachangeinincomeb.thequantityofagoodsuppliedchangesinresponsetoachangeinthepriceofagoodc.howfarthebudgetlineshiftsduetoachangeinin...
