2002级经济学原理课程第一次测试试卷(全)

P.S：由于录入者不擅长绘图，所以涉及图形的题目没有录入，见谅。

2002级经济学原理课程第一次测试试卷

1.The primary focus of economics is on:

A.The related problems of scarcity and choice.

B.How to make money on the stock market

C.Why there are no choices to be made

D.Mathematical estimation of theoretical models

2.When there are insufficient resources to satisfy all individual

wants

https://www.360docs.net/doc/cf5079286.html,ernment has to decide which wants go unsatisfied

B. A market system must be implemented

C.Choices must be made

D.Prices must rise

3.The primary implication of scarcity is that

A.One should never wait until tomorrow to buy something that is available

today

https://www.360docs.net/doc/cf5079286.html,ernment planning is required to determine how resources are to be used

C.Choice must be made

D.The standard of living will decline over time

4.Time

A.is not a scarce resource because there is always tomorrow

B.is a scarce resource for producers,but not for consumers

C.is a scarce resource for consumers,but not for producers

D.is a scarce resource for everyone

5.Economics is about how individuals and countries

A.Satify unlimited wants with limited resources

B.satify limited wants with unlimited resources

c.satify unlimited wants with unlimited resources

d. satify limited wants with limited resources

6.scarcity

a.reflects greed

b.indicates the need for a central planning authority

c,indicates the need for free markets

d/requires making choices among alternatives

7,when resources are limited but wants are unlimited,individuals must

a.make choices among available alternatives

b,put the public interest before self-interest

c.become less greedy

d/reduce their expectations

8.in the United States,the question of which goods are produced,and in what Quantities,are primarily answered by

A.the government

B.producers

C.Consumers and the government

D.Cosumers and producers

9.the numbers of automobiles,TVs,and pizzas that are produced at any point in time represent an answers to the basic economic question of

A.how items are produced

B,which goods are produced and in what quantities

C.for whom these items are produced

D,who makes economic decisions

10.In the United States, goods are primarily produced for

A.Those who want them but cannot afford them

B. Those who can afford them but do not want them

C. Those who want them AND can afford them

d. Those who need them but cannot afford them

11．Under a system of central planning

A.The government is involved only in the basic economic questions of how goods are produced

B. The government is involved only in the basic economic questions of how goods are produced and for whom they are produced

C.the market system is left to function in less complex markets

d.the government answers the 3 basic economic questions

12．When economists talk about a mixed economy,they are reffrring to the

a.interaction between the product and labor markets

b,observation that both government and individuals make decisions

c,interaction between consumers and producers

d,relationship between microeconomics and maeconomics

13.the United States is an example of a ---economy,in which markets ensure the---of the government addresses concerns of ----

A,centrally planned,efficiency,equity

B mixed,efficiency,equity

C market, equity, efficiency

D mixed, equity, efficiency

14.markets

A ,allow buyers and sellers to communicate their desire to make exchanges

B ,will not resolve the question of how much of each good is produced

C ,will not resolve the economic question of for whom goods are produced

D .Eliminatescarcity and the problems associated with limited resources

15.in a marketeconomy,the questions of which goods are produced,and in what quantities,are answered by

A ,the government

B producers

C consumers and government

D consumers and producers

16. the market system will not

A provide individuals with all they want

B determine how goods are produced

C determine which goods are produced

D determine for whom goods are produced

17all of the following,except one accurate description of the United States government’s role.which is wrong?

A it sets the legal structure under which firms and individuals operate

B it answers the basic economic question of which goods are produced and in what quantities

C it supplies goods and services not provided by the market

D it aids many of those citizens who are disadvantaged

18 in the product market,households

A are sellers of goods

b are buyers of goods

c determine how goods are produced

d ar

e sometimes buyers , sometimes sellers o

f goods

19. microeconomics is that the branch of economics that focuses primarily on

A inflation and unemployment

B behavior in highly aggregated markets

C economic growth in less developed countries

D the behavior of firms,househoods,and individuals

20 all of the following,except one.would be an appropriate focus of study for microeconomics.which is not

A the determination of prices in the computer industry

B the determination of the rate of inflation

C the level of production by a firm in the compact disc industry

D the behavior of firms,househoods,and individuals

21. maeconomics is that branch of economics that focuses primarily on

A market economies

B the behavior of individual units

C economic aggregates such as unemployment and inflation

D centrally planned economies

22.positive economics

A is of no help in making judgments

B concerns what should be

C is a subset of normative economics

D predicts the consequences of actions

23. which of the following is a positive economics statement

A unemployment insurance is too low

B lowing unemployment is more important than curbing inflation

C the typical doctor earns more than the typical blue-collar worker

D unemployment insurance is too high

24 normative economics

A describes how the economy operates

B focuses on what is

C concerns what should be

D Predicts the consequences of actions

25.when economy makes a prediction about the effects of a government

Policy ,this represents

A maeconomic analysis

B a shot in the dark

C microeconomic analysis

D positive economic analysis

26the belief that individuals weigh the costs and benefits of each possibility open to them is referred to as the assumption of

A opportunity cost

B scarcity

C production possibilities

D rational choice

27 the economist’s assumption of rational choice is based on the expectation that individuals

a use economic models to make choices

b make choices and decision in pursuit of self-interst

c collect all possible information prior to making a choice

d all hav

e the same preferences

28in their study of rational consumers,economists focus on

A what determines the goals and desiresof consumers

B whydifferent consumers have different preferences

C how consumers’ preferences affect the choices consumers make

D Why consumers’ preferences change over time

29. rationality,in the case of firms,is taken to mean that they strive to

A maximize profit

B charge the highest possible price

C maximize revenues

D sell the highest quantities possible

https://www.360docs.net/doc/cf5079286.html,petitive markets are efficient ,this means

A scarcity is eliminated

B it is possible to produce more of all goods with existing resources

C the only way to produce more is to put currently idle resources to work

D it is not possible to produce more of one good without producing less of some other good

31 which of the following is the most economically efficient method of allocating resources?

A lotteries b prices c rationing d first come ,first served

33，Anthony spends all his income on loaves of bread and fish ,Bread costs 2dollars/loaf and fish are 5dollars,Anthony’s income is 20dollars. which of the following combinations of loaves and fish lies on Anthony’s budget constraint?

A 4loaves and 3 fish

B 5loaves and 2 fish

C 6loaves and 2 fish

D 7loaves and 2 fish

35.Karen sleeps 8 hours a night and works 8 hours a day,She spends the remaining 8 hours swimming and watching TV,if we were to ignore the time she spends working and sleeping ,her constraint would indicate

A the various combinations of hours she can devote to swimming and watching TV

B which TV shows she watches

C how many TV shows she can watch if she does not go swimming

D which TV shows she could watch if she does not go swimming

36.a production possibilities curve defined over guns and butter shows

A how much land the country needs to produce guns and butter

B the maximum amount of guns that can be produced for each amount of butter produced

C the minimum amount of guns and butter required by the country,given its population

D the minimum amount of guns that can be produced for each amount of butter produced

37a country’s production possibilities curve is downward-sloping because

A resources are equally well equipped for the production of any good

B the more a country’sinha bitants have of anything ,the lower is the value they place on having more of it

C some resources are better equipped for the production of one good than another

D if we want to produce more of one good,we must sacrifice some production of the other good

38 if a country’s production possibilities curve bows outward,this indicates that

A to produce more of one good, the country must sacrifice increasingly large amounts of the other good

B scarcity is less of a problem the more of the country produces

C the country faces fixed trade-offs

D the country can produce more of all goods simultaneously

41 the opportunity cost of an activity is

A the amount of money spent on the activity

B the next-best use of the resources devoted to the activity

C any cost that cannot be recovered

D the value of the time spent on that activity

42the saying “there is no such thing as a free lunch “is based on the premise that

A food banks do not exist

B food banks should not exist

C everything has an opportunity cost

D governments always subsidize food production

43,Jean has just begun attending college ,which of the following should not be included in the opportunity cost of this activity?

A tuition fees

B the value of the meals she consumes

C the value of books she purchases for courses

D the wages she could have earned had she not gone to college

44the slope of a vertical line is

A zero

B positive

C negative

D infinite

45.choices of individuals and firmsare limited by

A time constraints

B production possibilities

C budget constraints

D all of the above

46individuals or countries tradewith each other bcause they

A are concerned with increasing society’s welfare

B cannot consume all they produce

C expect to gain as a result of the trade

D have to dispose of excess resources

47.one of the principal advantages of trade is that allows countries to

A specialize according to comparative advantage

B dispose of excess supplies of goods that they do not want

C share equally in the potential gains from trade

D leave the exchange feeling that they have been treated fairly

48 when the forces of supply and demand operate freely,the effects of a drought on the corn harvest will be indicated in the market by

A government-imposed limit s on individuals’ purchases of corn

B an increase in the price of corn

C advertisements in the newspapers advising people to reduce consumption

D a reduction in the price of corn

49 the concept of demand refers to the quantity of a good that buyers

A would like to buy at a given price

B need to maximize satisfaction

C are able to purchase in the marketplace

D would purchase if they had unlimited income

50the curve that describes the quantities of a product that a buyer would like to purchase at different prices is called the

A demand curve

B supply curve

C production possibilities curve

D budget constraint

51the demand curve is downward sloping .which means that quantity demanded for a good ---when its price---

A rises , rises

B falls, falls

C is unchanged ,falls

D rises, falls

52，an individual is typically willing to purchase more of a good at low prices than

at high prices ,which implies that the individual demand curve will be

A horizontal

B vertical

C downward sloping

D of indeterminate shape

53the market demand curve is

A derived by vertically summing the individual demand curves at each quantity

B derived by horizontally summing the individual demand curves at each price

C derived by vertically summing the individual demand curves at each price

D independent of the individual demand curves

55,a decline in consumers’income will normally cause

A the demand curve to shift to the left

B a movement along the demand curve such that quantity demanded declines

C an individual to increase consumption of any goods she purchases

D a movement along the demand curve such that quantity demanded increase

56if an increase in the price of good A leads to a rightward shift in the demand for good B ,we would conclude that Aand B

A are substitutes

B could be either substitutes or complements

C are unrelated

D are neither substitutes nor complements

57，which of the following factors is most likely to a shift in the demand curve for movie tickets ?

A a change in the price of attending a movie

B a change in the size of movie theaters

C a change in the price of video rentals

D an increased supply of movies

58,the concept of supply refers to the quantity of a good that firms

A need to sell if they are to make positive profits

B are able to sell in the marketplace

C would like to sell at a given price

D would buy at a given price

59,by the term “supply curve”,economists mean the curve describing the relationship between price and the quantity supplied .this focus on price means:

A economists believe price is the only factor that influences quantity supplied

B price is the only factor that influences quantity supplied

C economists are inappropriately overlooking other influences on quantity supplied

D economists are assuming that other influences quantity supplied are constant so that the effect of price can be isolated

60,the supply curve is upward sloping ,which means that the quantity supplied of a good ----when its price-----

A rises,rises

B falls ,falls

C is unchanged, falls

D rises,falls

61,a firm is typically willing to offer more of a good for sale at high prices than at low prices,which implies that the firm’s supply curve will be

A horizontal

B vertical

C upward sloping

D downward sloping

62.an increase in the price of an input will normally cause

A a movement along the supply curve such that quantity supplied declines

B the supply curve to shift to the right

C a firm to increase the amount it offers for sale

D The supply to shift to the left

63,a technological improvement will normally cause

A the supply curve to shift to the right

B a movement along the supply curve such that quantity supplied declines

C The supply to shift to the left

D an individual to increase consumption of any goods she purchases

64,the quantity supplied is influenced by both changes in price and changes in variables other than price,changes in ---result in----the supply curve

A ,variables other than price,movements along

B variables other than price ,shifts of

C price, shifts of

D input prices , movements along

65at the equilibrium price

A the quantity demanded exceeds the quantity supplied

B both consumers and firms think the price is fair

C the quantity supplied exceeds the quantity demanded

D the quantity demanded equals the quantity supplied

66.excess demand will exist whenever

A the actual price is below the equilibrium price

B the price is such that the quantity demanded equals the quantity supplied

C scarcity has been eliminated

D the actual price is above the equilibrium price

67if the market price for a good is such that consumers wish to buy more of the good than firms are offering for sale ,the excess---will tend to cause price to

A demand ,fall

B supply ,rise

C price,fall

D demand ,rise

68,if the price of a substitute for candy bars to rise,the demand curve for candy bars would shift to the ---,the equilibrium quantity would ---;and the equilibrium Price would ----

A left,fall,rise

B right ,rise,rise

C left rise rise

D Right ,fall,rise

69,if the price elasticity of demand for a product is 2dollars ,a price increase from 1dollar to 1.02dollar will cause quantity demanded to

A rise by 4 percent

B rise by 2 percent

C fallby 4 percent

Dfall by2 percent

70 if the demand for a product is price-inelastic,a 5 percent increase in the price of the product will

A increase the quantity demanded by more than 5 percent

B increase the quantity demanded by less than 5 percent

C decrease the quantity demanded by less than 5 percent

D decrease the quantity demanded by more than 5 percent

71,the demand for a product is said to be price-elastic if the

A percentage change in quantity demanded exceeds the percentage change in price

B change in demand exceeds the change in price

C percentage change in price demanded exceeds the percentage change in quantity

D change in price exceeds the change in demand

72.if the price of a product changes by 5 percent,and as a result quantity demanded changes by 5 percent

A demand is price-elastic

B this can only be the result of a rightward shift of the demand curve

C the price elasticity of demand is unity

D this can only be the result of a leftward shift of the demand curve

73.if the price of a product increases from $5to $5.5 and a result the quantity demanded declines from 200to160 ,the demand for this product in this price range

A Is perfectly price-elastic

B is price-elastic

C has a price elasticity of unity

D is perfectly price-inelastic

74,if a firm raise the price of its product and finds that total revenue has fallen This indicates that

A demand for the product is price-inelastic

B demand for the product has unit price elasticity

C the price elasticity is greater than 1

D demand for the product is price-elastic

75if the price of a product changed by 5%,and as a result quantity demanded changes by 10%

A demand for the product is price-inelastic

B revenue will rise if the price change was an increase

C revenue will fall if the price change was a reduction

D revenue will rise if the price change was a reduction