曼昆宏观经济学Chapter01习题及答案文档格式.docx
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曼昆宏观经济学Chapter01习题及答案文档格式.docx
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b.“onewhomanagesahousehold.”
c.“onewhoparticipatesinamarket.”
d.“conservation.”
3.HouseholdsandeconomieshaveeachofthefollowingincommonEXCEPTboth
a.mustallocatescarceresources.
b.facemanydecisions.
c.mustallocatethegoodsandservicestheyproduce.
d.musthaveacentraldecisionmaker.
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4.Economicsdealsprimarilywiththeconceptof
a.scarcity.
b.poverty.
c.change.
d.power.
5.WhichofthefollowingisNOTincludedinthedecisionsthateverysocietymustmake?
a.whatgoodswillbeproduced
b.whowillproducegoods
c.whatdeterminesconsumerpreferences
d.whowillconsumethegoods
6.Bothhouseholdsandsocietiesfacemanydecisionsbecause
a.resourcesarescarce.
b.populationsmayincreaseordecreaseovertime.
c.wagesforhouseholdsandthereforesocietyfluctuatewithbusinesscycles.
d.people,bynature,tendtodisagree.
7.Agoodisconsideredscarceinasocietywhen
a.moreoutputofthegoodispossible.
b.everyoneinthatsocietycannothavealltheywantofthegood.
c.thegovernmentrestrictsproductionofthegood.
d.onlytherichestpeopleintheeconomycanbuyalltheywantofthegood.
8.Scarcityexistswhen
a.thereislessthananinfiniteamountofaresourceorgood.
b.societycanmeetthewantsofeveryindividual.
c.thereislessofagoodorresourceavailablethanpeoplewishtohave.
d.thegovernmentfailstoproducegoods.
9.WhichofthefollowingwouldNOTbetrueinaworldwithoutscarcity?
a.Therewouldbenoneedforthescienceofeconomics.
b.Everyonewouldhaveallthegoodsandservicestheywanted.
c.Therewouldhavetobeaninfinitesupplyofeveryresource.
d.Therewouldbeopportunitycosts.
10.Approximatelywhatpercentageoftheworld’seconomiesexperiencescarcity?
a.25%
b.50%
c.75%
d.100%
11.Whenasocietycannotproduceallthegoodsandservicespeoplewishtohaveitissaidthattheeconomyisexperiencing
b.communism.
c.externalities.
d.marketfailure.
12.Forsociety,agoodisnotscarceif
a.atleastoneindividualinsocietycanobtainallheorshewantsofthegood.
b.firmsareproducingatfullcapacity.
c.allmembersofsocietycanhavealltheywantofit.
d.thosewhohaveenoughincomecanbuyalltheywantofthegood.
13.Whichproductwouldbeconsideredscarce?
a.Nikeshoes
b.Monetpaintings
c.1-caratdiamonds
d.Alloftheabovearecorrect.
14.Whichofthefollowinggoodsbestmeetsthedefinitionofscarcity?
a.air
b.waterintheocean
c.waterinacity
d.woodinaforest
15.Economicsisdefinedasthestudyof
a.business.
b.howsocietymanagesitsscarceresources.
c.centralplanning.
d.governmentregulation.
16.Economicsisthestudyof
a.howsocietymanagesitsscarceresources.
b.thegovernment’sroleinsociety.
c.howamarketsystemfunctions.
d.howtoincreaseproduction.
17.Inmostsocieties,resourcesareallocatedby
a.asinglecentralplanner.
b.thosewhoowntheresources.
c.thosefirmsthatuseresourcestoprovidegoodsandservices.
d.thecombinedactionsofmillionsofhouseholdsandfirms.
18.EconomistsstudyallofthefollowingEXCEPT
a.howpeoplemakedecisions.
b.howpeopleinteractwithoneanother.
c.theforcesandtrendsthataffecttheeconomyasawhole.
d.howsocietieschangeovertime.
19.WhichofthefollowingisNOTamajorareaofstudyforeconomists?
a.howpeoplemakedecisions
b.howcountrieschoosenationalleaders
c.howpeopleinteractwitheachother
d.howforcesandtrendsaffecttheoveralleconomy
20.Theadage,“Thereisnosuchthingasafreelunch,”isusedtoillustratetheconceptof
a.tradeoffs.
b.scarcity.
c.productivity.
d.efficiency.
21.Theadage,“Thereisnosuchthingasafreelunch,”means
a.evenpeopleonwelfarehavetopayforfood.
b.thecostoflivingisalwaysincreasing.
c.togetsomethingwelike,weusuallyhavetogiveupanotherthingwelike.
d.allcostsareincludedinthepriceofaproduct.
22.Economistsusethephrase“Thereisnosuchthingasafreelunch,”toillustrate
a.howinflationincreasesprices.
b.thattogetonething,wemustgiveupsomethingelse.
c.thatnothingisfreeinamarketeconomy.
d.thatifsomethinglookstoogoodtobetrue,itprobablyis.
23.Whichbestrepresentstheconceptrepresentedbytheadage,“Thereisnosuchthingasafreelunch”?
a.Melissacanonlyattendtheconcertifshetakeshersisterwithher.
b.Gregishungryandhomeless.
c.Brianmustrepairthetireonhisbikebeforehecanrideittoclass.
d.KendramustdecidebetweengoingtoColoradoorCancunforspringbreak.
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24.Gunsandbutterareusedtorepresenttheclassicsocietaltradeoffbetweenspendingon
a.durableandnondurablegoods.
b.importsandexports.
c.nationaldefenseandconsumergoods.
d.lawenforcementandagriculture.
25.Henrydecidestospendtwohoursplayinggolfratherthanworkingathisjobwhichpays$8perhour.Henry’stradeoffis
a.the$16hecouldhaveearnedworkingfortwohours.
b.nothing,becauseheenjoysplayinggolfmorethanworking.
c.theincreaseinskillheobtainsfromplayinggolfforthosetwohours.
d.nothing,becausehespent$16forgreenfeestoplaygolf.
26.Whensocietyrequiresthatfirmsreducepollution,thereis
a.atradeoffbecauseofreducedincomestothefirms’owners,workers,andcustomers.
b.notradeoff,sinceeveryonebenefitsfromreducedpollution.
c.notradeoffforsocietyasawhole,sincethecostofreducingpollutionfallsonlyonthefirmsaffectedbytherequirements.
d.atradeoffonlyifsomefirmsareforcedtoclose.
27.Danieldecidestospendthelasttwohoursofthenightbeforehiseconomicsexamstudyinginsteadofsleeping.ForDaniel,histradeoffwouldbe
a.nothing,sincenodollarvaluecanbeputonsleep.
b.nothing,sincestudyingwouldbemorebeneficialthansleep.
c.thesixhoursofsleephecouldhavehadifhehadgonetobedbeforemidnight.
d.thetwohoursofresthewouldhavegotten.
28.Atradeoffexistsbetweenacleanenvironmentandahigherlevelofincomeinthat
a.studiesshowthatindividualswithhigherlevelsofincomeactuallypollutelessthanlow-incomeindividuals.
b.topayforpollutionclean-up,thegovernmentmustincreasetaxeswhichlowersincome.
c.lawsthatreducepollutionraisecostsofproductionandreduceincomes.
d.byemployingindividualstocleanuppollution,employmentandincomebothrise.
29.WhichofthefollowingwouldNOTbearesultoflawsthatrequirefirmstoreducepollution?
a.lowerspendingbygovernment
b.higherpricestoconsumers
c.lowerwagestoworkers
d.smallerprofittofirms
30.Pollutionregulationswill
a.increaseprofittofirms.
b.imposeatradeoffonsociety.
c.allowfirmstoraiseworkers’wages.
d.lowerpricesforconsumers.
b.impo
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