微观经济学 题库 习题文档格式.docx
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微观经济学 题库 习题文档格式.docx
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A)lessthan$20billion.
B)$20billion.
C)morethan$20billion.
D)Thereisnotenoughinformationtodeterminetheanswer.
Answer:
C
Conceptual/Analytical
51)OnepointonaPPFshowsproductionlevelsat50tonsofcoffeeand100tonsofbananas.RemainingonthePPF,anincreaseofbananaproductionto140tonsshowscoffeeproductionat30tons.StillremainingonthePPF,weseethatcoffeeproductionat10tonsallowsbananaproductionat160tons.Theopportunitycostofatonofbananasis
A)constantbecausecoffeeproductiondecreasedbythesameamounteachtime.
B)decreasing,sincetheincreaseinbananaproductionislessateachpointconsidered.
C)16to1,thatisevery1tonofcoffeegivenupwillresultin16moretonsofbananas.
D)increasingfrom1/2tonofcoffeeto1tonofcoffeepertonofbananas.
D
MarginalCost
Recognition
54)Marginalcostis
A)thecostofproducingthefirstunitofagoodorservice.
B)thetotalcost,lesstheproductionoftheothergoodorservice.
C)greaterthantheopportunitycost.
D)equaltotheopportunitycostofproducingonemoreunitofagoodorservice.
MarginalBenefit
59)Marginalbenefitisthe
A)benefitthatapersonreceivesfromconsumingonemoreunitofagoodorservice.
B)amountofonegoodorservicethatapersongainswhenanothergoodorserviceisconsumed.
C)minimumamountapersoniswillingtopayforonemoreunitofagoodorservice.
D)dollarssacrificedtopurchaseagoodorservice.
A
ProductionEfficiency
14)APresidentoftheUnitedStatespromisestosimultaneouslyproducemoredefensegoodswithoutanydecreasesintheproductionofothergoods.Thispromisecanbevalid
A)iftheUnitedStatesisproducingatapointonitsproductionpossibilitiesfrontier.
B)iftheUnitedStatesisproducingatapointinsideitsproductionpossibilitiesfrontier.
C)iftheUnitedStatesisproducingatapointbeyonditsproductionpossibilitiesfrontier.
D)onlyiftheproductionpossibilitiesfrontiershiftsrightward.
B
ProductionPossibilitiesFrontier
3)WhichofthefollowingisNOTtrueconcerningasociety’sproductionpossibilitiesfrontier(PPF)?
A)Itrevealsthemaximumamountofanytwogoodsthatcanbeproducedfromagivenquantityofresources.
B)TradeoffsoccuralongaPPF.
C)Productionefficiencyoccurswhenproductionisonthefrontieritself.
D)Consumerswillreceiveequalbenefitsfromthetwogoods.
OpportunityCost
25)ThefigureaboveillustratesthatifthiscountrywishestohaveF2–F1additionalfoodbymovingfrompointAtopointB,itwill
A)havetofindadditionalworkers,becausethecountryalreadyisoperatingonitsproductionpossibilitiesfrontier.
B)beunabletodosountiladditionaltechnologicalprogressismade.
C)havetosacrificeC1–C2clothinginordertofreetheresourcesnecessarytoproducetheadditionalfood.
D)requirethatalltheunemployedresourcesinthecountrybeputtowork.
Analytical
49)ThecountrywhoseproductionpossibilitiesfrontierisillustratedaboveiscurrentlyatpositionAontheproductionpossibilitiesfrontier.IfitwishestomovetopositionB,itwill
A)findthischangeimpossibletoachievegiventheresourcesitcurrentlypossesses.
B)havetoemployallcurrentlyunemployedresourcestoaccomplishthis.
C)incuranopportunitycostofhavingtogiveupsomebutterinordertomaketheadditionalamountofgunsdesired.
D)beabletomakethedesiredswitchonlyifthereisasignificantimprovementinthetechnologicalbaseavailabletothenation.
OpportunityCostandMarginalCost
54)ThequantityofshoesproducedismeasuredalongthehorizontalaxisofaPPFandthequantityofshirtsaremeasuredalongtheverticalaxis.AsyoumovedowntowardtherightalongthePPF,themarginalcostof
A)shoesdecreases.
B)shoesincreases.
C)shirtsincreases.
D)shoesandshirtsisequalatthemidpointbetweentheverticalandhorizontalaxis.
MarginalCostandMarginalBenefit
60)Supposethatthegovernmentistryingtodecidebetweenallocatingitsresourcesbetweenbuildingmoredamsandbuildingmoref
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