经济学原理对应练习04文档格式.doc
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经济学原理对应练习04文档格式.doc
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Interpretive
2. Whichofthefollowingarethewordsmostcommonlyusedbyeconomists?
a. surplusandshortage
b. resourcesandallocation
c. supplyanddemand
d. theoryandpractice
C PTS:
Economists MSC:
3. Inamarketeconomy,
a. supplydeterminesdemandand,inturn,demanddeterminesprices.
b. demanddeterminessupplyand,inturn,supplydeterminesprices.
c. theallocationofscarceresourcesdeterminespricesand,inturn,pricesdeterminesupplyanddemand.
d. supplyanddemanddeterminepricesand,inturn,pricesallocatescarceresources.
D PTS:
2 REF:
4. Inamarketeconomy,supplyanddemandareimportantbecausethey
a. playacriticalroleintheallocationoftheeconomy’sscarceresources.
b. determinehowmuchofeachgoodgetsproduced.
c. canbeusedtopredicttheimpactontheeconomyofvariouseventsandpolicies.
d. Alloftheabovearecorrect.
5. Amarketisa
a. groupofbuyersandsellersofaparticulargoodorservice.
b. groupofpeoplewithcommoneconomiccharacteristics.
c. placewherebuyersandsellerscometogethertoengageintrade.
d. placewhereanauctioneerhelpssetpricesandarrangesales.
A PTS:
4-1
Markets MSC:
Definitional
6. Foramarketforagoodorservicetoexist,
a. theremustbeagroupofbuyersandsellers.
b. theremustbeaspecifictimeandplaceatwhichthegoodorserviceistraded.
c. thepriceofthegoodmustbedeterminedbythesellers.
Market(s MSC:
7. Thetermmarketalwaysrefersto
a. anarrangementinwhichbuyersandsellersmeetataspecifictimeandplace.
b. anarrangementinwhichanauctioneerplaysatleastalimitedroleinsettingprices.
c. agroupofbuyersandsellersofaparticulargoodorservice.
8. Agroupofbuyersandsellersofaparticulargoodorserviceiscalleda
a. coalition.
b. partnership.
c. market.
d. union.
9. Amarketisalwayscharacterizedby
a. ahighdegreeoforganization.
b. anindividualorsmallgroupofindividualswhosetthepriceoftheproductforallbuyersandsellers.
c. thepresenceofbuyersandsellers.
10. Whichofthefollowingstatementsiscorrect?
a. Buyersdeterminesupplyandsellersdeterminedemand.
b. Buyersdeterminedemandandsellersdeterminesupply.
c. Buyersandsellersasonegroupdeterminesupply,butonlybuyersdeterminedemand.
d. Buyersandsellersasonegroupdeterminedemand,butonlysellersdeterminesupply.
Demand|Supply MSC:
11. Foreachgoodproducedinamarketeconomy,theinteractionofdemandandsupplydetermines
a. thepriceofthegood,butnotthequantity.
b. thequantityofthegood,butnottheprice.
c. boththepriceofthegoodandthequantityofthegood.
d. neitherpricenorquantity,becausepricesandquantitiesaredeterminedbythesellersofthegoodsalone.
12. Acompetitivemarketisamarketinwhich
a. anauctioneerhelpssetpricesandarrangesales.
b. thereareonlyafewsellers.
c. theforcesofsupplyanddemanddonotapply.
d. noindividualbuyerorsellerhasanysignificantimpactonthemarketprice.
Competitivemarkets MSC:
13. Thedemandforagoodorserviceisdeterminedby
a. thosewhobuythegoodorservice.
b. thegovernment.
c. theproducerswhocreatethegoodorservice.
d. thosewhosupplytherawmaterialsusedintheproductionofthegoodorservice.
Demand MSC:
14. Acompetitivemarketisoneinwhich
a. thereisonlyoneseller,buttherearemanybuyers.
b. therearemanysellersandeachsellerhastheabilitytosetthepriceofhisproduct.
c. therearemanysellersandtheycompetewithoneanotherinsuchawaythatsomesellersarealwaysbeingforcedoutofthemarket.
d. therearesomanybuyersandsomanysellersthateachhasanegligibleimpactonthepriceoftheproduct.
15. Inacompetitivemarket,
a. onlyafewsellerssellthesameproduct.
b. eachsellerhasalimiteddegreeofcontroloverthepriceofhisproduct.
c. ifonebuyerchoosestopurchasealargequantityoftheproduct,thepricewillrise.
d. ifonesellerwithholdshisproductfromthemarket,priceswillrise.
16. Inacompetitivemarket,eachsellerhaslimitedcontroloverthepriceofhisproductbecause
a. othersellersareofferingsimilarproducts.
b. buyersexertmorecontroloverthepricethandosellers.
c. thesemarketsarehighlyregulatedbygovernment.
d. sellersusuallyagreetosetacommonpricethatwillalloweachsellertoearnacomfortableprofit.
17. Mostmarketsintheeconomyare
a. marketsinwhichsellers,ratherthanbuyers,controlthepriceoftheproduct.
b. marketsinwhichbuyers,ratherthansellers,controlthepriceoftheproduct.
c. marketsinwhicheachselleroftheproductisawarethattherearefew,ifany,similarproductsofferedbyothersellers.
d. highlycompetitive.
18. Foracompetitivemarket,whichofthefollowingstatementsiscorrect?
a. Asellercanalwaysincreaseherprofitbyraisingthepriceofherproduct.
b. Ifasellerchargesmorethanthegoingprice,buyerswillgoelsewheretomaketheirpurchases.
c. Aselleroftenchargeslessthanthegoingpricetoincreasesalesandprofit.
d. Asinglebuyercaninfluencethepriceoftheproduct,butonlywhenpurchasingfromseveralsellersinashortperiodoftime.
19. AssumeTeresabuyscomputersinacompetitivemarket.Then
a. Teresahasalimitednumberofsellerstoturntowhenshebuysacomputer.
b. Teresawillfindherselfnegotiatingwithsellerswhenevershebuysacomputer.
c. ifTeresabuysalargenumberofcomputers,thepriceofcomputerswillrisenoticeably.
d. Noneoftheaboveiscorrect.
20. Thehighestformofcompetitioniscalled
a. absolutecompetition.
b. cutthroatcompetition.
c. perfectcompetition.
d. marketcompetition.
Perfectcompetition MSC:
21. Whichofthefollowingisnotacharacteristicofaperfectlycompetitivemarket?
a. Differentsellerssellidenticalproducts.
b. Therearemanysellers.
c. Sellersmustacceptthepricethemarketdetermines.
d. Alloftheabovearecharacteristicsofaperfectlycompetitivemarket.
22. Whichofthefollowingisnotacharacteristicofaperfectlycompetitivemarket?
a. Sellerspossessmarketpower.
c. Buyersmustacceptthepricethemarketdetermines.
23. Thetermpricetakersreferstobuyersandsellersin
a. perfectlycompetitivemarkets.
b. monopolies.
c. marketsthatareregulatedbygovernment.
d. marketsinwhichbuyerscannotbuyalltheywantand/orsellerscannotsellalltheywant.
24. Buyersandsellerswhohavenoinfluenceonmarketpricearereferredtoas
a. marketpawns.
b. marginalists.
c. pricetakers.
d. pricemakers.
25. Pricetakershavenoinfluenceoverpricesinmarketsthatfeature
a. onlyafewbuyersandafewsellers.
b. numeroussellersbutonlyafewbuyers.
c. numerousbuyersbutonlyafewsellers.
d. numerousbuyersandnumeroussellers.
26. Anexampleofaperfectlycompetitivemarketwouldbethe
a. cableTVmarket.
b. soybeanmarket.
c. newcarmarket.
d. bluejeanmarket.
27. Themarketforicecreamis
a. amonopolisticmarket.
b. acompetitivemarket.
c. ahighlyorganizedmarket.
d. amarketinwhichthereisnoconnectionwhatsoeverbetweenbuyersandsellers.
28. Ifasellerinacompetitivemarketchoosestochargemorethanthemarketprice,then
a. thesellers’profitsdefinitelywouldincrease.
b. theownersoftherawmaterialsusedinproductionwouldraisethepricesfortherawmaterials.
c. othersellerswouldalsoraisetheirprices.
d. buyerswilltendtomakepurchasesfromothersellers.
Interpret
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