微观经济学试题1-A卷

广东商学院试题纸

200 –200 学年第学期

A卷

课程：微观经济学班级：共---4--页

I. Concepts (30 points, 3 points each)

(1)Efficiency

(2)Opportunity cost

(3)Productivity

(4)Comparative advantage

(5)Equilibrium

(6)Elasticity

(7)Consumer surplus

(8)Externality

(9)Price discrimination

(10)Prisoners’ dilemma

II. Multiple Choices (20 points, 2 points each)

(1). Economics is defined as

a. the study of business.

b. the study of how society manages its scarce resources.

c. the study of central planning.

d. the study of government regulation.

(2). Which is the most accurate statement about trade?

a. Trade makes some nations better off and others worse off.

b. Trade can make every nation better off.

c. Trading for a good can make a nation better off only if the nation cannot

produce that good.

d. Trade helps rich nations and hurts poor nations.

(3). Which of the following is the best statement about markets?

a. Markets are usually a good way to organize economic activity.

b. Markets are usually inferior to central planning as a way to organize

economic activity.

c. Markets are flawed and are therefore not an acceptable way to organize

economic activity.

d. Markets are a good way to organize economic activity in developed nations,

but not in less-developed nations.

(4). The term market failure refers to

a. a firm which is forced out of business because of losses.

b. an unsuccessful advertising campaign.

c. a situation in which competition among firms becomes ruthless.

d. a situation in which the market on its own fails to allocate resources

efficiently.

(5). Which of the following is the most accurate statement about economic models?

a. Economic models attempt to mirror reality exactly.

b. Economic models are useful, but should not be used for policy-making.

c. Economic models cannot be used in the real world because they omit

details.

d. Economic models omit many details to allow us to see what is truly

important.

(6). Which of the following is NOT correct?

a. Trade allows for specialization.

b. Trade is good for nations.

c. Trade is based on absolute advantage.

d. Trade allows individuals to consume outside of their individual production

possibilities curve.

(7). Which of the following would NOT shift the demand curve for a good or

service?

a. a change in income

b. a change in the price of a related good

c. a change in expectations about the price of the good or service

d. a change in the price of the good or service

(8). If a consumer is willing and able to pay $15.50 for a particular good but the

price of the good is $16.00, then

a. the consumer would have consumer surplus of $0.50.

b. the consumer would not purchase the good and would not have any

consumer surplus.

c. the consumer would increase his/her willingness and ability to pay by