微观经济学英文作业答案(chap1-chap13)
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Microeconomics, 8e (Parkin) Testbank 2 Answer（chap1-chap13）
Chapter 1 What Is Economics?
1) An inducement to take a particular action is called
Answer: D
2) All economic questions arise because we
Answer: A
3) All economic questions arise because
Answer: C
4) Scarcity is
Answer: A
5) Scarcity arises from
Answer: C
6) When an economist talks of scarcity, the economist is referring to the
Answer: C
7) Scarcity is experienced by
Answer: D
8) Fundamental economic problems basically arise from
Answer: D
9) Scarcity exists because
Answer: B
10) Scarcity can be eliminated through
Answer: D
11) Scarcity is common to all economic systems because resources are
Answer: D
12) People must make choices because
Answer: B
13) The problem of "scarcity" applies
Answer: D
14) When a wealthy businessman is unable to buy tickets to the Super Bowl, he or she
experiences ________.
Answer: B
15) In every economic system, choices must be made because resources are ________ and our
wants are ________
Answer: B
16) The fundamental questions in economics result from
Answer: D
17) Economics is best defined as
Answer: C
18) The study of economics
Answer: B
19) Economics is best defined as the science of choice and how people cope with
Answer: C
20) Which of the following best defines the subject of economics?
Answer: D
Chapter 2 The Economic Problem
1) The production possibilities frontier represents
Answer: C
2) A production possibilities frontier (PPF)
Answer: B
3) Which of the following is NOT true concerning a society's production possibilities frontier
(PPF)?
Answer: D
4) A point outside a production possibilities frontier indicates
Answer: B
5) A production possibilities frontier illustrates the maximum amount of two different
goods that can be produced if
Answer: A
6) Which of the following is NOT illustrated by a production possibilities frontier?
Answer: D
7) Suppose the country of Popcorn produces only jets and corn. If Popcorn cannot produce
any more jets without giving up corn, we say that Popcorn has achieved
Answer: B
8) Production efficiency can be defined as
Answer: C
9) A society that is on its production possibilities frontier is
Answer: D
10) If an economy is operating at a point inside the production possibilities frontier, then Answer: A
11) Any point on a production possibilities frontier (PPF) itself is
Answer: A
12) A reduction in the amount of unemployment
Answer: B
13) A country that must decrease production of one good in order to increase the
production of another
Answer: B
14) A president of the United States promises to produce more defense goods without any
decreases in the production of other goods. This promise can be valid
Answer: B
15) When producing goods and services, tradeoffs exist because
Answer: B
16) Opportunity cost is best defined as
Answer: C
17) A choice is made. The value of the highest-valued alternative given up is the ________ of
the choice made.