经济学原理对应练习03.docx
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经济学原理对应练习03.docx
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经济学原理对应练习03
Chapter3
MultipleChoice
1.Peoplewhoprovideyouwithgoodsandservices
a.areactingoutofgenerosity.
b.dosobecausetheyhavenootherchoice.
c.dosobecausetheygetsomethinginreturn.
d.arerequiredtodosobygovernment.
ANS:
CPTS:
1DIF:
1REF:
3-0
TOP:
TradeMSC:
Interpretive
2.Whenaneconomistpointsoutthatyouandmillionsofotherpeopleareinterdependent,heorsheisreferringtothefactthatweall
a.relyupongovernmenttoprovideuswiththebasicnecessitiesoflife.
b.relyupononeanotherforthegoodsandservicesweallconsume.
c.havesimilartastesandabilities.
d.areconcernedaboutoneanother’swell-being.
ANS:
BPTS:
1DIF:
1REF:
3-0
TOP:
TradeMSC:
Interpretive
3.Peoplegenerallychoosetodependuponothersforgoodsandservices.Economistsviewthisinterdependenceas
a.agoodthing,sinceitfostersfriendshipsandbondsthatotherwisewouldneverdevelop.
b.agoodthing,sinceitallowspeopletoconsumemoregoodsandservicesthantheywouldotherwisebeabletoconsume.
c.abadthing,sinceself-sufficiencymaybecomenecessaryinthefuture.
d.abadthing,sinceinterdependencereducespeople’sself-esteemandcausesvarioussocialproblems.
ANS:
BPTS:
1DIF:
1REF:
3-1
TOP:
TradeMSC:
Interpretive
4.Regangrowsflowersandmakesceramicvases.Jaysonalsogrowsflowersandmakesvases,butReganisbetteratproducingboth.Inthiscase,tradecould
a.benefitbothJaysonandRegan.
b.benefitJayson,butnotRegan.
c.benefitRegan,butnotJayson.
d.benefitneitherJaysonnorRegan.
ANS:
APTS:
1DIF:
2REF:
3-1
TOP:
TradeMSC:
Interpretive
5.BenbakesbreadandShawnaknitssweaters.Benlikestoeatbreadandwearsweaters,andthesameistrueforShawna.InwhichofthefollowingcasesisitimpossibleforbothBenandShawnatobenefitfromtrade?
a.BencannotknitsweatersandShawnacannotbakebread.
b.BenisbetterthanShawnaatbakingbreadandShawnaisbetterthanBenatknittingsweaters.
c.BenisbetterthanShawnaatbakingbreadandatknittingsweaters.
d.Noneoftheaboveiscorrect.
ANS:
DPTS:
1DIF:
2REF:
3-1
TOP:
TradeMSC:
Applicative
6.ShannonbakescookiesandJustingrowsvegetables.InwhichofthefollowingcasesisitimpossibleforbothShannonandJustintobenefitfromtrade?
a.ShannondoesnotlikevegetablesandJustindoesnotlikecookies.
b.ShannonisbetterthanJustinatbakingcookiesandJustinisbetterthanShannonatgrowingvegetables.
c.JustinisbetterthanShannonatbakingcookiesandatgrowingvegetables.
d.Alloftheabovearecorrect.
ANS:
APTS:
1DIF:
2REF:
3-1
TOP:
TradeMSC:
Applicative
7.Considerashoemakerandavegetablefarmer.Potentially,tradecouldbenefitbothindividualsif
a.theshoemakercanproduceonlyshoesandthevegetablefarmercanproduceonlyvegetables.
b.theshoemakeriscapableofgrowingvegetables,butheisnotverygoodatit.
c.thevegetablefarmerisbetteratgrowingvegetablesandbetteratmakingshoesthantheshoemaker.
d.Alloftheabovearecorrect.
ANS:
DPTS:
1DIF:
2REF:
3-1
TOP:
TradeMSC:
Interpretive
8.Withouttrade,
a.acountryisbetteroffbecauseitwillhavetolearntobeself-sufficientwithouttrade.
b.acountry'sproductionpossibilitiesfrontierisalsoitsconsumptionpossibilitiesfrontier.
c.acountrycanstillbenefitfrominternationalspecialization.
d.interdependenceismoreextensivethanitwouldbewithtrade.
ANS:
BPTS:
1DIF:
2REF:
3-1
TOP:
TradeMSC:
Interpretive
9.Acountry'sconsumptionpossibilitiesfrontiercanbeoutsideitsproductionpossibilitiesfrontierif
a.thecountry’stechnologyissuperiortothetechnologiesofothercountries.
b.thecitizensofthecountryhaveagreaterdesiretoconsumegoodsandservicesthandothecitizensofothercountries.
c.thecountryengagesintrade.
d.Alloftheabovearecorrect.
ANS:
CPTS:
1DIF:
2REF:
3-1
TOP:
Trade|ProductionpossibilitiesfrontierMSC:
Interpretive
10.Aproductionpossibilitiesfrontierwillbeastraightlineif
a.increasingtheproductionofonegoodbyxunitsentailsnoopportunitycostintermsoftheothergood.
b.increasingtheproductionofonegoodbyxunitsentailsaconstantopportunitycostintermsoftheothergood.
c.theeconomyisproducingefficiently.
d.theeconomyisengagedintradewithatleastoneothereconomy.
ANS:
BPTS:
1DIF:
3REF:
3-1
TOP:
ProductionpossibilitiesfrontierMSC:
Applicative
11.Thedifferencebetweenproductionpossibilitiesfrontiersthatarebowedoutandthosethatarestraightlinesisthat
a.bowed-outproductionpossibilitiesfrontiersapplytoeconomiesthatfacetradeoffs,whereasstraight-lineproductionpossibilitiesfrontiersapplytoeconomiesthatdonotfacetradeoffs.
b.bowed-outproductionpossibilitiesfrontiersapplytoeconomiesinwhichresourcesarenotspecialized,whereasstraight-lineproductionpossibilitiesfrontiersapplytoeconomiesinwhichresourcesarespecialized.
c.bowed-outproductionpossibilitiesfrontiersillustrateincreasingopportunitycost,whereasstraight-lineproductionpossibilitiesfrontiersillustrateconstantopportunitycost.
d.straight-lineproductionpossibilitiesfrontiersillustratereal-worldconditions,whereasbowed-outproductionpossibilitiesfrontiersillustratemoresimplisticassumptions.
ANS:
CPTS:
1DIF:
3REF:
3-1
TOP:
Productionpossibilitiesfrontier|OpportunitycostMSC:
Applicative
12.Whichofthefollowingstatementsisnotcorrect?
a.Tradeallowsforspecialization.
b.Tradehasthepotentialtobenefitallnations.
c.Tradeallowsnationstoconsumeoutsideoftheirproductionpossibilitiescurves.
d.Absoluteadvantageisthedrivingforceofspecialization.
ANS:
DPTS:
1DIF:
2REF:
3-2
TOP:
Specialization|TradeMSC:
Interpretive
13.IflaborinMexicoislessproductivethanlaborintheUnitedStatesinallareasofproduction,
a.neithernationcanbenefitfromtrade.
b.MexicocanbenefitfromtradebuttheUnitedStatescannot.
c.theUnitedStateswillhaveacomparativeadvantagerelativetoMexicointheproductionofallgoods.
d.bothMexicoandtheUnitedStatesstillcanbenefitfromtrade.
ANS:
DPTS:
1DIF:
2REF:
3-2
TOP:
Comparativeadvantage|TradeMSC:
Interpretive
14.Theproductionpossibilitiesfrontierisadownward-slopingstraightlinewhen
a.itispossibletoswitchbetweenonegoodandtheothergoodataconstantrate.
b.thereisnotradeoffinvolvedinswitchingbetweenonegoodandtheothergood.
c.thesameamountoftimeisrequiredtoproduceaunitofonegoodasisrequiredtoproduceaunitoftheothergood.
d.thepersonforwhomthefrontierisdrawnwishestoconsumeequalamountsofthetwogoods.
ANS:
APTS:
1DIF:
2REF:
3-1
TOP:
ProductionpossibilitiesfrontierMSC:
Interpretive
Table3-1
LaborHoursNeededtoMake1Poundof:
Poundsproducedin40hours:
Meat
Potatoes
Meat
Potatoes
Farmer
8
2
5
20
Rancher
4
5
10
8
15.RefertoTable3-1.Theopportunitycostof1poundofmeatforthefarmeris
a.1/4houroflabor.
b.4hoursoflabor.
c.4poundsofpotatoes.
d.1/4poundofpotatoes.
ANS:
CPTS:
1DIF:
2REF:
3-2
TOP:
OpportunitycostMSC:
Applicative
16.RefertoTable3-1.Theopportunitycostof1poundofmeatfortherancheris
a.4hoursoflabor.
b.5hoursoflabor.
c.4/5poundsofpotatoes.
d.5/4poundsofpotatoes.
ANS:
CPTS:
1DIF:
2REF:
3-2
TOP:
OpportunitycostMSC:
Applicative
17.RefertoTable3-1.Theopportunitycostof1poundofpotatoesforthefarmeris
a.8hoursoflabor.
b.2hoursoflabor.
c.4poundsofmeat.
d.1/4poundofmeat.
ANS:
DPTS:
1DIF:
2REF:
3-2
TOP:
OpportunitycostMSC:
Applicative
18.RefertoTable3-1.Theopportunitycostof1poundofpotatoesfortherancheris
a.5hoursoflabor.
b.4hoursoflabor.
c.5/4poundsofmeat.
d.4/5poundofmeat.
ANS:
CPTS:
1DIF:
2REF:
3-2
TOP:
OpportunitycostMSC:
Applicative
19.RefertoTable3-1.Thefarmerhasanabsoluteadvantagein
a.meat,andtherancherhasanabsoluteadvantageinpotatoes.
b.potatoes,andtherancherhasanabsoluteadvantageinmeat.
c.meat,andtherancherhasanabsoluteadvantageinmeat.
d.neithergood,andtherancherhasanabsoluteadvantageinbothgoods.
ANS:
BPTS:
1DIF:
2REF:
3-2
TOP:
AbsoluteadvantageMSC:
Applicative
20.RefertoTable3-1.Therancherhasanabsoluteadvantagein
a.bothgoods,andthefarmerhasacomparativeadvantageinmeat.
b.bothgoods,andthefarmerhasacomparativeadvantageinpotatoes.
c.meat,andthefarmerhasacomparativeadvantageinpotatoes.
d.meat,andthefarmerhasacomparativeadvantageinneithergood.
ANS:
CPTS:
1DIF:
3REF:
3-2
TOP:
Absoluteadvantage|ComparativeadvantageMSC:
Applicative
21.RefertoTable3-1.Thefarmerhasanabsoluteadvantagein
a.potatoes,andtherancherhasacomparativeadvantageinmeat.
b.meat,andtherancherhasacomparativeadvantageinpotatoes.
c.neithergood,andtherancherhasacomparativeadvantageinpotatoes.
d.neithergood,andtherancherhasacomparativeadvantageinmeat.
ANS:
APTS:
1DIF:
3REF:
3-2
TOP:
Absoluteadvantage|ComparativeadvantageMSC:
Applicative
22.RefertoTable3-1.Therancherhasacomparativeadvantagein
a.neithergood,andthefarmerhasacomparativeadvantageinbothgoods.
b.bothgoods,andthefarmerhasacomparativeadvantageinneithergood.
c.potatoes,andthefarmerhasacomparativeadvantageinmeat.
d.meat,andthefarmerhasacomparativeadvantageinpotatoes.
ANS:
DPTS:
1DIF:
2REF:
3-2
TOP:
ComparativeadvantageMSC:
Applicative
23.RefertoTable3-1.Thefarmerandtherancherbothcouldbenefitifthef
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