2016微觀經(jīng)濟(jì)學(xué)Microeconomics英文版題庫完整版

1、Microeconomics, 10e (Parkin)Chapter 5 Efficiency and Equity1 Resource Allocation Methods1) In the United States, resources are most often allocated byA) market price.B) command system.C) lottery.D) contest.Answer: ATopic: Resource Allocation MethodsSkill: RecognitionQuestion history: Previous editio

2、n, Chapter 5AACSB: Reflective Thinking2) A contest is a good way to allocate scarce resources whenA) the efforts of the players are hard to monitor directly.B) the lines of responsibility are clear.C) the decision being made affects a large number of people.D) there is no effective way to distinguis

3、h among potential users.Answer: ATopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking3) The resource allocation method that is used to allocate scarce resources between private use and government use isA) first-come, first-served.

4、B) personal characteristics.C) majority rule.D) lottery.Answer: CTopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking14) Which of the following is true?A) Lotteries work best when a resource can serve just one user at a time in a sequen

5、ce.B) A market price always allocates resources better than does a command system.C) When the government decides how to allocate tax dollars among competing uses, resources are allocated by majority rule.D) Force has never played an important role in allocating scarce resources.Answer: CTopic: Resou

6、rce Allocation MethodsSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking5) Which of the following is true?A) When resources are allocated on the basis of personal characteristics, all people who are willing and able to pay the price get the resource.B) When the

7、range of activities to be monitored is large and complex, a command system allocates resources better than a market price.C) When a market price allocates resources, some people who are willing and able to pay that price dont get the resource.D) Force helps support the legal system on which markets

8、function.Answer: DTopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking6) As a method of resource allocation, forceA) is not important.B) plays a crucial negative role.C) plays a crucial positive role.D) plays a crucial role for both goo

9、d and ill.Answer: DTopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking27) As a method of resource allocation, market priceA) means those who are willing and able to pay get a particular good or service.B) works well when self-int

10、erest must be suppressed.C) works best inside firms and government departments.D) is efficient when there is no effective way to distinguish among potential users of a scarce resource.Answer: ATopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective

11、 Thinking8) Which of the following is true?A) When a market price allocates resources, all people who are willing and able to pay that price get the resource.B) A command system works well when the range of activities to be monitored is large and complex.C) When the government decides how to allocat

12、e tax dollars among competing uses, resources are allocated by market prices.D) When a manager offers everyone in the company the opportunity to win a prize, resources are allocated by a lottery.Answer: ATopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Previous edition, Chapter 5

13、AACSB: Reflective Thinking9) When allocating resources using market priceA) everyone who is willing and able to pay for a good gets one.B) everyone who wants a good gets one.C) everyone who is willing to pay for a good gets one.D) everyone who is able to pay for a good gets one.Answer: ATopic: Resou

14、rce Allocation MethodsSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking310) When scarce resources can serve only one user at a time in sequence, which method works well for allocating the scarce resources?A) first come, first servedB) lotteryC) contestD) comman

15、d systemAnswer: ATopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking11) Which of the following is true?A) When a market price allocates resourcese, veryone who is able to pay the price gets the resource.B) A command system works

16、well when the lines of authority and responsibility are clear .C) When the government decides how to allocate tax dollars among competing uses, resources are allocated by command.D) When a manager offers everyone in the company the opportunity to win a prize, resources are allocated by a market pric

17、e.Answer: BTopic: Resource Allocation MethodsSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking12) Allocating resources by the order of someone in authority is a allocation method.A) first-come, first-servedB) market priceC) majority ruleD) commandAnswer: DTopic: Stud

18、y Guide Question, Resource Allocation MethodSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking413) Often people trying to withdraw money from their bank must wait in line, which reflects a allocation method.A) first-come, first-servedB) market priceC) contestD)

19、commandAnswer: ATopic: Study Guide Question, Resource Allocation MethodSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking14) If a person will rent an apartment only to married couples over 30 years old, that person is allocating resources using a allocation meth

20、od.A) first-come, first-servedB) market priceC) personal characteristicsD) commandAnswer: CTopic: Study Guide Question, Resource Allocation MethodSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking2 Benefit, Cost, and Surplus1) The value of one more unit of a goo

21、d or service is theA) marginal benefit.B) minimum price that people are willing to pay for another unit of the good or service.C) marginal cost.D) opportunity cost of producing one more unit of a good or service.Answer: ATopic: Value, Willingness to Pay, and DemandSkill: RecognitionQuestion history:

22、 Previous edition, Chapter 5AACSB: Reflective Thinking52) The value of a good is equal to theA) maximum price you are willing to pay for it.B) price that you actually pay for it.C) price you actually pay for it minus the maximum you are willing to pay for it.D) maximum you are willing to pay for it

23、minus the price you actually pay for it.Answer: ATopic: Value, Willingness to Pay, and DemandSkill: RecognitionQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking3) Marginal benefit is the benefit received from.A) consuming more goods or servicesB) producing the efficient quantit

24、yC) consuming the efficient quantityD) consuming one more unit of a good or serviceAnswer: DTopic: Marginal BenefitSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking4) All of the following statements about marginal benefit are correct EXCEPT the marginal benefit

25、 of a goodA) is the benefit a person receives from consuming one more unit of the good or service.B) is measured as the maximum amount that a person is willing to pay for one more unit of the good.C) is equal to zero when resource use is efficient.D) decreases as the quantity consumed of the good in

26、creases.Answer: CTopic: Marginal BenefitSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking5) Sal likes to eat pizza. The is the maximum amount that Sal is willing to pay for onemore piece of pizza.A) efficient priceB) efficient amountC) marginal benefitD) margin

27、al costAnswer: CTopic: Marginal BenefitSkill: RecognitionQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking66) Marginal benefitA) is the same as the total benefit received from consuming a good.B) is the maximum amount a person is willing to pay for one more unit of a good.C) in

28、creases as consumption increases.D) is the difference between total benefit and total cost.Answer: BTopic: Marginal BenefitSkill: RecognitionQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking7) Jane is willing to pay $50 for a pair of shoes. The actual price of the shoes is $30.

29、 Her marginal benefit isA) $50.B) $30.C) $20.D) $80.Answer: ATopic: Marginal BenefitSkill: AnalyticalQuestion history: Previous edition, Chapter 5AACSB: Reflective ThinkingThe table below shows the demand schedules for pizza for Abby and Barry who are the only buyers in the market.Price (dollars per

30、 slice)Abbys quantity demanded (slices per month)Barrys quantity demanded (slices per month)2.5025503.00204013.5015304.00r io2014.505105.00008) Based on the table, what is Abbys marginal benefit from the 10th slice of pizza?A) $4B) $13C) $0.50D) $40Answer: ATopic: Marginal BenefitSkill: AnalyticalQu

31、estion history: Previous edition, Chapter 5AACSB: Analytical Skills79) Based on the table, what is Barrys marginal benefit from the 40th slice of pizza?A) $3B) $5.50C) $0.50D) $12Answer: ATopic: Marginal BenefitSkill: AnalyticalQuestion history: Previous edition, Chapter 5AACSB: Analytical Skills10)

32、 Based on the table, what is the marginal social benefit from the 45th slice of pizza?A) $3.50B) $3.25C) $0.50D) $9Answer: ATopic: Marginal Social BenefitSkill: AnalyticalQuestion history: Previous edition, Chapter 5AACSB: Analytical Skills11) If you increase your consumption of soda by one addition

33、al can a week, your marginal benefit of this last can is $1.00. The of this last can of soda is $1.00.A) valueB) priceC) opportunity costD) marginal costAnswer: ATopic: Value, Willingness to Pay, and DemandSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Analytical Skills12) A pe

34、rson will choose to buy a good as long asA) marginal benefit is at least as great as price.B) consumer surplus is positive.C) marginal benefit is positive.D) consumer surplus is at least as great as price.Answer: ATopic: Value, Willingness to Pay, and DemandSkill: ConceptualQuestion history: Previou

35、s edition, Chapter 5AACSB: Reflective Thinking813) Sams demand curve for pizzaA) lies above her marginal benefit curve for pizza.B) lies below her marginal benefit curve for pizza.C) is the same as her marginal benefit curve for pizza.D) has one point in common with her marginal benefit curve for pi

36、zza.Answer: CTopic: Value, Willingness to Pay, and DemandSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking14) The market demand curveA) can also be the marginal social cost curve.B) shows the value of a good that consumers must give up to get another unit of a

37、different good.C) by itself determines equilibrium prices.D) can also be the marginal social benefit curve.Answer: DTopic: Marginal Benefit and DemandSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking15) The market demand curve also isA) a marginal social cost c

38、urve.B) a marginal social benefit curve.C) an opportunity cost curve.D) a consumer surplus curve.Answer: BTopic: Marginal Benefit and DemandSkill: RecognitionQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking16) The market demand curve for coffee is the same as theA) marginal so

39、cial cost curve of coffee.B) marginal social benefit curve of coffee.C) opportunity cost curve of coffee.D) marginal social benefit curve minus the marginal social cost curve of coffee.Answer: BTopic: Marginal Benefit and DemandSkill: RecognitionQuestion history: Previous edition, Chapter 5AACSB: Re

40、flective Thinking917) A market demand curve measuresA) how much a consumer is willing to pay for an additional unit of the good.B) the marginal social benefit of an additional unit of the good.C) the marginal social cost of an additional unit of the good.D) Both answers A and B are correct.Answer: D

41、Topic: Value, Willingness to Pay, and DemandSkill: ConceptualQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking18) Moving down along the market demand curve for hot dogs, theA) maximum price that people are willing to pay for hot dogs increases.B) marginal social benefit of hot

42、dogs decreases.C) marginal social cost of hot dogs increases.D) consumer surplus of the last hot dog consumed increases.Answer: BTopic: Value, Willingness to Pay, and DemandSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking19) The market demand curve is constructed by

43、 adding theA) quantities demanded by each individual at each price.B) prices that each individual is willing to pay at each quantity.C) Neither answer A nor answer B is correct.D) Both answer A and answer B are correct.Answer: ATopic: Individual Demand and Market DemandSkill: RecognitionQuestion his

44、tory: Previous edition, Chapter 5AACSB: Reflective Thinking20) A market demand curve is constructed byA) a horizontal summation of each individual demand curve.B) averaging each individual demand curve.C) dividing one individual demand curve by the number of consumers in the market.D) a vertical sum

45、mation of each individual demand curve.Answer: ATopic: Individual Demand and Market DemandSkill: RecognitionQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking1021) A market demand curve can be constructed byA) adding the prices all consumers will pay for any given quantity.B) ad

46、ding the quantities that all consumers buy at each price.C) adding the quantities that a consumer buys at the highest price.D) None of the above answers is correct.Answer: BTopic: Individual Demand and Market DemandSkill: RecognitionQuestion history: Previous edition, Chapter 5AACSB: Reflective Thin

47、king22) The market demand curve for iPads is the of all the individual demand curves foriPads.A) horizontal productB) horizontal sumC) vertical sumD) vertical productAnswer: BTopic: Individual Demand and Market DemandSkill: RecognitionQuestion history: Previous edition, Chapter 5AACSB: Reflective Th

48、inkingQuantity of videos demandedPrice (dollars)AlexLynnLiza6203540646193821221031511241823) Given the individual demands for video downloads in the above table, and assuming that these three people are the only ones in the market, which of the following statements is NOT true about market demand fo

49、r video downloads?A) The market quantity demanded at a price of $5 is 10.B) The height of the market demand curve at a quantity demanded of 22 is $3.C) The height of the market demand curve at a quantity demanded of 16 is $5.D) The market quantity demanded at a price of $2 is 28.Answer: CTopic: Indi

50、vidual Demand and Market DemandSkill: AnalyticalQuestion history: Previous edition, Chapter 5AACSB: Analytical Skills11Quantity of tennis rackets demandedPrice (dollars)JillJed60r 10502040213032204324) Jill and Jed have individual demand curves for tennis rackets given in the table above and are the

51、 only two demanders in the market. What is the market quantity demanded at the price of $30?A) 2B) 5C) 11D) 18Answer: BTopic: Individual Demand and Market DemandSkill: AnalyticalQuestion history: Previous edition, Chapter 5AACSB: Analytical SkillsPrice dollars per pound)Barts quantity demanded (poun

52、ds)Lisas quantity demanded (pounds)Homers quantity demanded (pounds)2r 95737464425510325) Homer, Bart, and Lisa are the only consumers in the market. Using the information in the above table, what is the market demand for chocolate chip cookies at $4.00 per pound?A) 21 poundsB) 17 poundsC) 11 pounds

53、D) 4 poundsAnswer: CTopic: Individual Demand and Market DemandSkill: AnalyticalQuestion history: Previous edition, Chapter 5AACSB: Analytical Skills1226) Consumer surplus is the summed over the quantity bought.A) marginal social benefit minus the marginal social costB) number of dollars worth of oth

54、er goods and services forgone to obtain one more unit of a good or serviceC) value of a good or service minus the price paid for the good or serviceD) value of a good or service plus the price paid for the good or serviceAnswer: CTopic: Consumer SurplusSkill: RecognitionQuestion history: Modified 10

55、th editionAACSB: Reflective Thinking27) is the value of a good minus the price paid for it summed over the quantity bought.A) Producer surplusB) Consumer surplusC) SurplusD) ShortageAnswer: BTopic: Consumer SurplusSkill: RecognitionQuestion history: Modified 10th editionAACSB: Reflective Thinking28)

56、 Consumer surplus is theA) value of a good expressed in dollars.B) price of a good expressed in dollars.C) value of a good minus the price paid for it summed over the quantity bought.D) value of a good plus the price paid for it summed over the quantity bought.Answer: CTopic: Consumer SurplusSkill: RecognitionQuestion history: Previous edition, Chapter 5AACSB: Reflective Thinking29) Consider the market for hot dogs. As long as the marginal be