《江西财经大学微观经济学试题库》chapter2docx.docx
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《江西财经大学微观经济学试题库》chapter2docx.docx
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《江西财经大学微观经济学试题库》chapter2docx
Microeconomics^lOe(Parkin)
Chapter2TheEconomicProblem
1ProductionPossibilitiesandOpportunityCost
1)Theproductionpossibilitiesfrontieristheboundarybetween
A)thosecombinationsofgoodsandservicesthatcanbeproducedandthosethatcanbeconsumed.
B)thoseresourcesthatarelimitedandthosethatareunlimited.
C)thosecombinationsofgoodsandservicesthatcanbeproducedandthosethatcannot.
D)thosewantsthatarelimitedandthosethatareunlimited.
Answer:
C
Topic:
ProductionPossibilitiesFrontier
Skill:
Recognition
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
2)Theproductionpossibilitiesfrontieris
A)upwardslopingandreflectsunlimitedchoices.
B)upwardslopingandreflectstradeoffsinchoices.
C)downwardslopingandreflectsunlimitedchoices.
D)downwardslopingandreflectstradeoffsinchoices.
Answer:
D
Topic:
ProductionPossibilitiesFrontier
Skill:
Recognition
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
3)Theproductionpossibilitiesfrontier
A)depictstheboundarybetweenthosecombinationsofgoodsandservicesthatcanbeproducedandthosethatcannotgivenresourcesandthecurrentstateoftechnology-
B)showshowmanygoodsandservicesareconsumedbyeachpersoninacountry.
C)isamodelthatassumesthereisnoscarcityandnoopportunitycost.
D)isagraphwithpriceontheverticalaxisandincomeonthehorizontalaxis.
Answer:
A
Topic:
ProductionPossibilitiesFrontier
Skill:
Recognition
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
4)Theproductionpossibilitiesfrontieritselfillustrates
A)allgoodsthatcanbeproducedbyaneconomy
B)thecombinationofgoodsandservicesthatcanbeproducedefficiently
C)allgoodsandservicesthataredesiredbutcannotbeproducedduetoscarceresources.
D)allpossibleproductionofcapitalgoods
Answer:
B
Topic:
ProductionPossibilitiesFrontier
Skill:
Recognition
Questionhistory:
Previousedition,Chapter1
AACSB:
ReflectiveThinking
5)Theproductionpossibilitiesfrontieristheboundarybetweenthosecombinationofgoodsandservicesthatcanbe
A)producedandthosethatcanbeconsumed・
B)consumeddomesticallyandthosethatcanbeconsumedbyforeigners.
C)producedandthosethatcannotbeproduced.
D)consumedandthosethatcannotbeproduced.
Answer:
C
Topic:
ProductionPossibilitiesFrontier
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
6)Theproductionpossibilitiesfrontieritselfshows
A)themaximumamountofresourcesavailableatanygiventime.
B)combinationsofgoodsandservicesthatdonotfullyuseavailableresources.
C)themaximumrateofgrowthofoutputpossibleforaneconomy.
D)themaximumlevelsofproductionthatcanbeattained.
Answer:
D
Topic:
ProductionPossibilitiesFrontier
Skill:
Recognition
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
7)Theproductionpossibilitiesfrontierrepresents
A)themaximumamountoflaborandcapitalavailabletosociety.
B)combinationsofgoodsandservicesamongwhichconsumersareindifferent.
C)themaximumlevelsofproductionthatcanbeattained.
D)themaximumrateofgrowthofcapitalandlaborinacountry.
Answer:
C
Topic:
ProductionPossibilitiesFrontier
Skill:
Recognition
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
8)WhichofthefollowingisNOTtrueconcerningasociety'sproductionpossibilitiesfrontier(PPF)?
A)Itrevealsthemaximumamountofanytwogoodsthatcanbeproducedfromagivenquantityofresources.
B)TradeoffsoccurwhenmovingalongaPPF.
C)Productionefficiencyoccurswhenproductionisonthefrontieritself.
D)ConsumerswillreceiveequalbenefitsfromthetwogoodsillustratedinthePPF.
Answer:
D
Topic:
ProductionPossibil让iesFrontier
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
9)Theproductionpossibilitiesfrontierseparates・
A)thegoodsandservicesthatpeoplewantfromthosethattheydonotwant
B)thetypesofgoodsthatcanbeattainedfromthosethatcan'tbeattained
C)thequantitiesofgoodsandservicesthatcanbeproducedfromthosethatcannotbeproduced
D)thecombinationsofgoodsthatpeoplevalueandthosethattheydonft
Answer:
C
Topic:
ProductionPossibilitiesFrontier
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
10)Whenproducingataproductionefficientpoint,.
A)ourchoiceofthegoodscanbeeitheronorwithintheproductionpossibilitiesfrontier
B)wecansatisfyourallwants
C)theopportunitycostofanothergoodiszero
D)wefaceatradeoffandincuranopportunitycost
Answer:
D
Topic:
ProductionEfficiency
Skill:
Conceptual
Questionhistory:
Modified10thedition
AACSB:
ReflectiveThinking
11)Harryproduces2balloonridesand4boatridesanhour.Harrycouldproducemoreballoon
ridesbuttodosohemustproducefewerboatrides.Harryishisproduction
possibilitiesfrontier.
A)producinginside
B)producingon
C)producingoutside
D)producingeitherinsideoron
Answer:
B
Topic:
ProductionPossibilitiesFrontier
Skill:
Conceptual
Questionhistory:
Modified10thedition
AACSB:
ReflectiveThinking
12)Productionefficiencyoccurswhenproduction.
A)isatapointbeyondtheproductionpossibilitiesfrontier
B)isontheproductionpossibilitiesfrontierorinsideit
C)isatanyattainablepoint
D)isontheproductionpossibilitiesfrontier
Answer:
D
Topic:
ProductionEfficiency
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
13)Apointoutsideaproductionpossibilitiesfrontierindicates
A)thatresourcesarenotbeingusedefficiently.
B)anoutputcombinationthatsocietycannotattaingivenitscurrentlevelofresourcesandtechnology.
C)thatresourcesarebeingusedveryefficiently.
D)thatbothgoodsarecharacterizedbyincreasingcosts.
Answer:
B
Topic:
ProductionPossibilitiesFrontier
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
14)WhichofthefollowingisNOTillustratedbyaproductionpossibilitiesfrontier?
A)scarcity
B)opportunitycost
C)necessityforchoice
D)whogetsthegoods
Answer:
D
Topic:
ProductionPossibilitiesFrontier
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
15)AproductionpossibilitiesfrontierfiguredoesNOTillustrate
A)thelimitsonproductionimposedbyourlimitedresourcesandtechnology.
B)theexchangeofonegoodorserviceforanother.
C)opportunitycost.
D)attainableandunattainablepoints.
Answer:
B
Topic:
ProductionPossibilitiesFrontier
Skill:
Analytical
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
16)Anyproductionpointoutsidetheproductionpossibilitiesfrontieris
A)unattainable.
B)associatedwithunusedresources.
C)attainableonlyifpricesfall.
D)attainableonlyifpricesrise.
Answer:
A
Topic:
ProductionPossibilitiesFrontier
Skill:
Analytical
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
17)Whichofthefollowingstatementsregardingtheproductionpossibilitiesfrontieristrue?
A)Pointsoutsidethefrontierareattainable.
B)Pointsinsidethefrontierareattainable.
C)Pointsonthefrontierarelessefficientthanpointsinsidethefrontier.
D)Noneoftheabovebecausealloftheabovestatementsarefalse.
Answer:
B
Topic:
ProductionPossibilitiesFrontier
Skill:
Analytical
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
18)Janeproducesonlycornandcloth.Takingaccountofherpreferencesforcornandcloth
A)makesherproductionpossibilitiesfrontierstraighter.
B)makesherproductionpossibilitiesfrontiersteeper.
C)makesherproductionpossibilitiesfrontierflatter.
D)doesnotaffectherproductionpossibilitiesfrontier.
Answer:
D
Topic:
ProductionPossibilitiesFrontier
Skill:
Analytical
Questionhistory:
Previousedition,Chapter2
AACSB:
AnalyticalSkills
19)Ontheverticalaxis,theproductionpossibilitiesfrontiershows;onthehorizontal
axis,theproductionpossibilitiesfrontiershows.
A)thequantityofagood;thenumberofworkersemployedtoproducethegood
B)thequantityofagood;thepriceofthegood
C)thequantityofagood;aweightedaverageofresourcesusedtoproducethegood
D)thequantityofonegood;thequantityofanothergood
Answer:
D
Topic:
ProductionPossibilitiesFrontier
Skill:
Recognition
Questionhistory:
Previousedition,Chapter2
AACSB:
AnalyticalSkills
20)Scarcityisrepresentedonaproductionpossibilitiesfrontierfigureby
A)theamountofthegoodonthehorizontalaxisforgone.
B)thefactthatthereareonlytwogoodsinthediagram.
C)technologicalprogress.
D)thefactthereareattainableandunattainablepoints.
Answer:
D
Topic:
ProductionPossibilitiesFrontier
Skill:
Conceptual
Questionhistory:
Previousedition,Chapter2
AACSB:
ReflectiveThinking
21)ThefigureaboveshowsRogefsproductionpossibilitiesfrontier.Pointaisanpointandatthatpointproductionis•
A)attainable;efficient
B)attainable;inefficient
C)unattainable;inefficient
D)unattainable;efficient
Answer:
B
Topic:
ProductionPossibilitiesFrontier
Skill:
Conceptual
Questionhistory:
Modified10thedition
AACSB:
AnalyticalSkills
Food(tons)
22)Theabovefigureillustratesthatifthiscountrywishestomovefromitscurrentproductionpoint(labeled"Current")andhave10moretonsoffood,itcandothisbyproducing
A)10moretonsofclothing.
B)10fewertonsofclothing.
C)5moretonsofclothing.
D)5fewertonsofclothing.
Answer:
D
Topic
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