曼昆经济学原理试题Chapter 08a
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Chapter 8
Application: The Costs of Taxation
Test A
1. A tax levied on the buyers of a product shifts the
a. demand curve upward or to the right.
b. demand curve downward or to the left.
c. supply curve upward or to the left.
d. supply curve downward or to the right.
ANSWER: b. demand curve downward or to the left.
TYPE: M KEY1: D SECTION: 1 OBJECTIVE: 1 RANDOM: Y
2. When a tax is levied on a good
a. buyers are worse off but sellers are not.
b. sellers are worse off but buyers are not.
c. neither buyers nor sellers are worse off.
d. both buyers and sellers are worse off.
ANSWER: d. both buyers and sellers are worse off.
TYPE: M KEY1: D SECTION: 1 OBJECTIVE: 1 RANDOM: Y
3. When a tax on a good is enacted,
a. sellers always bear the full burden of the tax.
b. buyers always bear the full burden of the tax.
c. buyers and sellers share the burden of the tax regardless of which party it is levied on.
d. sellers bear the full burden if the tax is levied on them, but buyers bear the full burden if the tax
is levied on them.
ANSWER: c. buyers and sellers share the burden of the tax regardless of which party it is levied on. TYPE: M KEY1: C SECTION: 1 OBJECTIVE: 1 RANDOM: Y
4. A tax placed on a good
a. causes the price of the good to fall.
b. causes the size of the market for the good to shrink.
c. affects buyers of the good, but not sellers.
d. is usually borne entirely by the seller of the good.
ANSWER: b. causes the size of the market for the good to shrink.
TYPE: M KEY1: C SECTION: 1 OBJECTIVE: 1 RANDOM: Y
5. When a tax is levied on a good
a. the market price falls because demand declines.
b. the market price falls because supply falls.
c. the market price rises because demand falls.
d. a wedge is placed between the price buyers pay and the price sellers receiv
e.
ANSWER: d. a wedge is placed between the price buyers pay and the price sellers receive.
TYPE: M KEY1: C SECTION: 1 OBJECTIVE: 1 RANDOM: Y
84 ❖ Chapter 8/Application: The Costs of Taxation
6. The benefit received by the sellers of a good in a market is measured by
a. producer surplus.
b. consumer surplus.
c. the amount it costs producers to produce the goo
d.
d. the amount buyers pay for the good in excess of the amount the good is actually worth. ANSWER: a. producer surplus.
TYPE: M KEY1: D SECTION: 1 OBJECTIVE: 1 RANDOM: Y
7. According to the graph, the equilibrium market price before the tax is imposed is
a. P3.
b. P2.
c. P1.
d. impossible to determin
e.
ANSWER: c. P1.
TYPE: M KEY1: G SECTION: 1 OBJECTIVE: 1 GRAPH FORMAT: M RANDOM: Y
8. According to the graph, the price buyers pay after the tax is
a. P3.
b. P2.
c. P1.
d. impossible to determin
e.
ANSWER: a. P3.
TYPE: M KEY1: G SECTION: 1 OBJECTIVE: 1 GRAPH FORMAT: M RANDOM: Y
9. According to the graph, the price sellers receive after the tax is
a. P3.
b. P2.
c. P1.
d. impossible to determin
e.
ANSWER: b. P2.
TYPE: M KEY1: G SECTION: 1 OBJECTIVE: 1 GRAPH FORMAT: M RANDOM: Y