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 arises 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) Scarcity is common to all economic systems because resources are Answer: D
12) People must make choices because Answer: B
13) The problem of \ 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 system, 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 with Answer: C
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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 production possibilities frontier (PPF) Answer: B
3) Which of the following is NOT true concerning a society's 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 amount 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 Popcorn 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 possibilities 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 decreases 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.
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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 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: 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. The _______ 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 video 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, and 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 refrigerator 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
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微观经济学英文作业答案(chap1-chap13)
