5学原理》微观第五版测试题库 06 曼昆经济学原理第五版测试题库微观Word文档格式.docx

5学原理》微观第五版测试题库 06 曼昆经济学原理第五版测试题库微观Word文档格式.docx

《5学原理》微观第五版测试题库 06 曼昆经济学原理第五版测试题库微观Word文档格式.docx》由会员分享，可在线阅读，更多相关《5学原理》微观第五版测试题库 06 曼昆经济学原理第五版测试题库微观Word文档格式.docx（143页珍藏版）》请在冰豆网上搜索。

6-0

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

PublicpolicyMSC:

Definitional

2.Rent-controllawsdictateaminimumrentthatlandlordsmaychargetenants.

FDIF:

SupplyanddemandTOP:

Rentcontrol

MSC:

3.Minimum-wagelawsdictatethelowestwagethatfirmsmaypayworkers.

LabormarketsTOP:

Minimumwage

4.Pricecontrolsareusuallyenactedwhenpolicymakersbelievethatthemarketpriceofagoodorserviceisunfairtobuyersorsellers.

Pricecontrols

5.Pricecontrolscangenerateinequities.

6.Policymakersusetaxestoraiserevenueforpublicpurposesandtoinfluencemarketoutcomes.

Taxes

7.Ifagoodorserviceissoldinacompetitivemarketfreeofgovernmentregulation,thenthepriceofthegoodorserviceadjuststobalancesupplyanddemand.

6-1

Prices

8.Attheequilibriumprice,thequantitythatbuyerswanttobuyexactlyequalsthequantitythatsellerswanttosell.

9.Apriceceilingisalegalminimumonthepriceatwhichagoodorservicecanbesold.

Priceceilings

10.Apriceceilingsetabovetheequilibriumpriceisnotbinding.

2REF:

Interpretive

11.Ifapriceceilingisnotbinding,thenitwillhavenoeffectonthemarket.

12.Tobebinding,apriceceilingmustbesetabovetheequilibriumprice.

13.Apriceceilingsetbelowtheequilibriumpriceisbinding.

14.Apriceceilingsetbelowtheequilibriumpricecausesquantitydemandedtoexceedquantitysupplied.

Priceceilings|Shortages

15.Apriceceilingsetabovetheequilibriumpricecausesquantitydemandedtoexceedquantitysupplied.

16.Abindingpriceceilingcausesquantitydemandedtobelessthanquantitysupplied.

17.Apriceceilingsetbelowtheequilibriumpricecausesashortageinthemarket.

18.Apriceceilingsetabovetheequilibriumpricecausesasurplusinthemarket.

19.Abindingpriceceilingcausesashortageinthemarket.

20.Whenabindingpriceceilingisimposedonamarketforagood,somepeoplewhowanttobuythegoodcannotdoso.

21.Longlinesanddiscriminationareexamplesofrationingmethodsthatmaynaturallydevelopinresponsetoabindingpriceceiling.

22.Priceceilingsaretypicallyimposedtobenefitbuyers.

23.Bindingpriceceilingsbenefitconsumersbecausetheyallowconsumerstobuyallthegoodstheydemandatalowerprice.

24.Allbuyersbenefitfromabindingpriceceiling.

25.Abindingpriceceilingmaynothelpallconsumers,butitdoesnothurtanyconsumers.

26.Whenthegovernmentimposesabindingpriceceilingonacompetitivemarket,asurplusofthegoodarises,andsellersmustrationthescarcegoodsamongthelargenumberofpotentialbuyers.

27.Therationingmechanismsthatdevelopunderbindingpriceceilingsareusuallyinefficient.

Priceceilings|Efficiency

28.Priceistherationingmechanisminafree,competitivemarket.

29.Pricesareinefficientrationingdevices.

Prices|Efficiency

30.Whenfreemarketsrationgoodswithprices,itisbothefficientandimpersonal.

31.Whenafreemarketforagoodreachesequilibrium,anyonewhoiswillingandabletopaythemarketpricecanbuythegood.

32.Ifapriceceilingof$2pergallonisimposedongasoline,andthemarketequilibriumpriceis$1.50,thenthepriceceilingisabindingconstraintonthemarket.

Applicative

33.Ifapriceceilingof$1.50pergallonisimposedongasoline,andthemarketequilibriumpriceis$2,thenthepriceceilingisabindingconstraintonthemarket.

34.Apriceceilingcausedthegasolineshortageof1973intheUnitedStates.

35.Onecommonexampleofapriceceilingisrentcontrol.

36.Thegoalofrentcontrolistohelpthepoorbymakinghousingmoreaffordable.

37.Economistsarguethatrentcontrolisahighlyefficientwaytohelpthepoorraisetheirstandardofliving.

Economists|RentcontrolMSC:

38.Becausesupplyanddemandareinelasticintheshortrun,theinitialshortagecausedbyrentcontrolislarge.

Rentcontrol|Elasticity

39.Theprimaryeffectofrentcontrolintheshortrunistoreducerents.

40.Thehousingshortagescausedbyrentcontrolarelargerinthelongrunthanintheshortrunbecauseboththesupplyofhousingandthedemandforhousingaremoreelasticinthelongrun.

41.Theeffectsofrentcontrolinthelongrunincludelowerrentsandlower-qualityhousing.

42.Rentcontrolmayleadtolowerrentsforthosewhofindhousing,butthequalityofthehousingmayalsobelower.

43.Inafreemarket,thepriceofhousingadjuststoeliminatetheshortagesthatgiverisetoundesirablelandlordbehavior.

44.Apricefloorisalegalminimumonthepriceatwhichagoodorservicecanbesold.

Pricefloors

45.Apricefloorsetabovetheequilibriumpriceisnotbinding.

46.Ifapricefloorisnotbinding,thenitwillhavenoeffectonthemarket.

47.Tobebinding,apricefloormustbesetabovetheequilibriumprice.

48.Apricefloorsetbelowtheequilibriumpriceisbinding.

49.Apricefloorsetbelowtheequilibriumpricecausesquantitysuppliedtoexceedquantitydemanded.

Analy