雨课堂学堂云在线《经济学原理（山大 ）》单元测试考核答案

注：不含主观题第1题单选题(1分)Whichgoodswillanationtypicallyimport?Athosegoodsinwhichthenationhasanabsolute

advantageBthosegoodsinwhichthenationhasacomparative

advantageCthosegoodsinwhichothernationshavean

absoluteadvantageDthosegoodsinwhichothernationshavea

comparativeadvantage第2题第3题第4题第5题第6题第7题单选题(1分)Inanhour,Davidcanwash2carsormow1lawn,

andRoncanwash3carsormow1lawn.Whohas

theabsoluteadvantageincarwashing,andwho

hastheabsoluteadvantageinlawnmowing?

Aa.

Davidinwashing,Roninmowing.B

b.

Roninwashing,Davidinmowing.

Cc.

Davidinwashing,neitherinmowing.

Dd.Roninwashing,neitherinmowing.第8题单选题(1分)Onceagain,inanhour,Davidcanwash2carsormow

1lawn,andRoncanwash3carsormow1lawn.Who

hasthecomparativeadvantageincarwashing,and

whohasthecomparativeadvantageinlawnmowing?Aa.

Davidinwashing,Roninmowing.

Bb.

Roninwashing,Davidinmowing.

Cc.

Davidinwashing,neitherinmowing.

Dd.Roninwashing,neitherinmowing第9题单选题(1分)Whentwoindividualsproduceefficientlyandthen

makeamutuallybeneficialtradebasedoncomparativeadvantage,

Aa.

theybothobtainconsumptionoutsidetheir

productionpossibilitiesfrontier.

Bb.

theybothobtainconsumptioninsidetheir

productionpossibilitiesfrontier.

Cc.

oneindividualconsumesinsideherproduction

possibilitiesfrontier,whiletheotherconsumes

outsidehers.

Dd.eachindividualconsumesapointonherown

productionpossibilitiesfrontier.第10题单选题(1分)SupposethatintheUnitedStates,producinganaircrafttakes10,000hoursoflaborandproducingashirt

takes2hoursoflabor.InChina,producinganaircraft

takes40,000hoursoflaborandproducingashirttakes

4hoursoflabor.Whatwillthesenationstrade?

Aa.Chinawillexportaircraft,andtheUnitedStates

willexportshirts.

Bb.Chinawillexportshirts,andtheUnitedStateswill

exportaircraft.Cc.Bothnationswillexportshirts.

Dd.Therearenogainsfromtradeinthissituation.第11题单选题(1分)Markcancookdinnerin30minutesandwashthe

laundryin20minutes.Hisroommatetakeshalfas

longtodoeachtask.Howshouldtheroommates

allocatethework?Aa.

Markshoulddomoreofthecookingbasedonhis

comparativeadvantage.

Bb.

Markshoulddomoreofthewashingbasedonhis

comparativeadvantage.

Cc.

Markshoulddomoreofthewashingbasedonhis

absoluteadvantage.

Dd.Therearenogainsfromtradeinthissituation.第12题第二章作业第1题单选题(1分)AchangeinwhichofthefollowingwillNOTshiftthe

demandcurveforhamburgers?Athepriceofhotdogs

BthepriceofhamburgersCthepriceofhamburgerbunsDtheincomeofhamburgerconsumers第2题单选题(1分)Anincreasein________willcauseamovementalong

agivendemandcurve,whichiscalledachangein

________.Aa.supply,demand

demanded

Bb.

supply,quantityCc.

demand,supply

Dd.demand,quantitysupplied第3题单选题(1分)MovieticketsandDVDsaresubstitutes.Iftheprice

ofDVDsincreases,whathappensinthemarketfor

movietickets?Aa.Thesupplycurveshiftstotheleft.

Bb.

Thesupplycurveshiftstotheright.Cc.

Thedemandcurveshiftstotheleft.

Dd.Thedemandcurveshiftstotheright.第4题单选题(1分)Thediscoveryofalargenewreserveofcrudeoilwill

shiftthe________curveforgasoline,leadingtoa

________equilibriumprice.Aa.supply,higher

Bb.

supply,lowerCc.

demand,higherDd.demand,lower第5题单选题(1分)Iftheeconomygoesintoarecessionandincomesfall,

whathappensinthemarketsforinferiorgoods?Aa.Pricesandquantitiesbothrise.Bb.

Pricesandquantitiesbothfall.Cc.

Pricesrise,quantitiesfall.Dd.Pricesfall,quantitiesrise.第6题单选题(1分)Whichofthefollowingmightleadtoanincreaseinthe

equilibriumpriceofjellyandadecreaseintheequilibriumquantityofjellysold?Aa.anincreaseinthepriceofpeanutbetter,acomplementtojellyBb.

anincreaseinthepriceofMarshmallowFluff,a

substituteforjellyCc.

anincreaseinthepriceofgrapes,aninputintojellyDd.anincreaseinconsumers’incomes,aslongasjelly

isanormalgood第7题单选题(1分)Alife-savingmedicinewithoutanyclosesubstitutes

willtendtohaveAa.asmallelasticityofdemand.

Bb.

alargeelasticityofdemand.

Cc.

asmallelasticityofsupply.

Dd.alargeelasticityofsupply.第8题单选题(1分)Thepriceofagoodrisesfrom8to12,andthequantitydemandedfallsfrom110to90units.Calculated

withthemidpointmethod,theelasticityisA0.2B0.5C2D5第9题单选题(1分)Alinear,downward-slopingdemandcurveisAa.inelastic.

Bb.

unitelastic.

Cc.

elastic.D

d.inelasticatsomepoints,andelasticatothers.第10题单选题(1分)Theabilityoffirmstoenterandexitamarketover

timemeansthat,inthelongrunAa.thedemandcurveismoreelastic.Bb.

thedemandcurveislesselastic.

Cc.

thesupplycurveismoreelastic.

Dd.thesupplycurveislesselastic.第11题单选题(1分)Anincreaseinthesupplyofagoodwilldecreasethe

totalrevenueproducersreceiveifAa.

thedemandcurveisinelastic.Bb.

thedemandcurveiselastic.

Cc.

thesupplycurveisinelastic.

Dd.thesupplycurveiselastic.第12题单选题(1分)Thepriceofcoffeerosesharplylastmonth,whilethe

quantitysoldremainedthesame.Eachoffivepeople

suggestsanexplanation:

Tom:Demandincreased,butsupplywasperfectly

inelastic.

Dick:Demandincreased,butitwasperfectly

inelastic.Harry:Demandincreased,butsupplydecreasedat

thesametime.

Larry:Supplydecreased,butdemandwasunit

elastic.

Mary:Supplydecreased,butdemandwasperfectly

inelastic.Whocouldpossiblyberight?Aa.

Tom,Dick,andHarryB

b.

Tom,Dick,andMary

Cc.

Tom,Harry,andMary

Dd.

Dick,Harry,andLarry

e.

Dick,Harry,andMary第三章作业第1题单选题(1分)Jenvalueshertimeat$60anhour.Shespends2hours

givingColleenamassage.Colleenwaswillingtopay

asmuchat$300forthemassage,buttheynegotiatea

priceof$200.Inthistransaction,Aa.consumersurplusis$20largerthanproducer

surplus.

Bb.

consumersurplusis$40largerthanproducer

surplus.

Cc.

producersurplusis$20largerthanconsumer

surplus.Dd.producer第2题单选题(1分)Whenthepriceofcookiesis$2,thequantitydemanded

is100.Ifthepricerisesto$3,whathappenstoconsumersurplus?Aa.

Itfallsbylessthan$100.Bb.

Itfallsbymorethan$100.

Cc.

Itrisesbylessthan$100.

Dd.Itrisesbymorethan$100.第3题单选题(1分)Johnhasbeenworkingasatutorfor$300asemester.

Whentheuniversityraisesthepriceitpaystutorsto

$400,Emilyentersthemarketandbeginstutoringas

well.Howmuchdoesproducersurplusriseasaresult

ofthispriceincrease?Aa.

bylessthan$100B

b.

between100and200Cc.

between200and300Dd.bymorethan$300第4题单选题(1分)Anefficientallocationofresourcesmaximizes

Aa.

consumersurplus.

Bb.

producersurplus.C

c.

consumersurplusplusproducersurplus.

Dd.consumersurplusminusproducersurplus.第5题单选题(1分)Whenamarketisinequilibrium,thebuyersarethose

withthe__________willingnesstopayandthesellers

arethosewiththe__________costs.Aa.

highest,highest

Bb.highest,lowestCc.

lowest,highestD

d.lowest,lowest第6题单选题(1分)Producingaquantitylargerthantheequilibriumof

supplyanddemandisinefficientbecausethemarginal

buyer’swillingnesstopayis

Aa.

negative.

Bb.

zero.

Cc.

positivebutlessthanthemarginalseller’scost.

Dd.positiveandgreaterthanthemarginalseller’scost.第7题单选题(1分)Emiliobuyspizzafor10andsodafor2.Hehas

incomeof$100.Hisbudgetconstraintwillexperience

aparalleloutwardshiftifwhichofthefollowing

eventsoccur?

Aa.

Thepriceofpizzafallsto$5,thepriceofsodafalls

to1,andhisincomefallsto50.

Bb.

Thepriceofpizzarisesto$20,thepriceofsoda

risesto$4,andhisincomeremainsthesame.

Cc.

Thepriceofpizzafallsto$8,thepriceofsodafalls

to1,andhisincomerisesto120.

Dd.Thepriceofpizzarisesto$20,thepriceofsoda

risesto4,andhisincomerisesto400.第8题单选题(1分)Atanypointonanindifferencecurve,theslopeofthe

curvemeasurestheconsumer’s

Aa.

income.

Bb.

willingnesstotradeonegoodfortheother.

Cc.

perceptionofthetwogoodsassubstitutesor

complements.D

d.elasticityofdemand.第9题单选题(1分)MatthewandSusanarebothoptimizingconsumersin

themarketsforshirtsandhats,wheretheypay$100

forashirtand$50forhat.Matthewbuys4shirtsand

16hats,whileSusanbuys6shirtsand12hats.From

thisinformation,wecaninferthatMatthew’smarginal

rateofsubstitutionis_____hatspershirt,while

Susan’sis_____.

Aa.2,1B

b.2,2Cc.4,1D

d.4,2第10题单选题(1分)Charliebuysonlymilkandcereal.Milkisanormal

good,whilecerealisaninferiorgood.Whentheprice

ofmilkrises,CharliebuysAa.

lessofbothgoods.

Bb.

moremilkandlesscereal.

Cc.

lessmilkandmorecereal.

Dd.lessmilk,buttheimpactoncerealisambiguous.第11题单选题(1分)Ifthepriceofpastaincreasesandaconsumerbuys

morepasta,wecaninferthatAa.

pastaisanormalgood,andtheincomeeffectis

greaterthanthesubstitutioneffect.B

b.

pastaisanormalgood,andthesubstitutioneffect

isgreaterthantheincomeeffect.

Cc.

pastaisaninferiorgood,andtheincomeeffectis

greaterthanthesubstitutioneffect.

Dd.pastaisaninferiorgood,andthesubstitutioneffect

isgreaterthantheincomeeffect.第12题单选题(1分)Thelabor-supplycurveslopesupwardifAa.

leisureisanormalgood.

Bb.

consumptionisanormalgood.

Cc.

theincomeeffectonleisureisgreaterthanthe

substitutioneffect.D

d.

thesubstitutioneffectonleisureisgreaterthanthe

incomeeffect.第四章作业第1题单选题(1分)Rajopensupalemonadestandfortwohours.Hespends10foringredientsandsells60worthoflemonade.Inthesametwohours,hecouldhavemowedhisneighbor’slawnfor$40.Rajhasanaccountingprofitof______andaneconomicprofitof______.

Aa.

50,10

Bb.

90,50

Cc.

10,50D

d.50,90第2题单选题(1分)Diminishingmarginalproductexplainswhy,asafirm’soutputincreases,

Aa.

theproductionfunctionandtotal-costcurveboth

getsteeper.

Bb.

theproductionfunctionandtotal-costcurveboth

getflatter.

Cc.

theproductionfunctiongetssteeper,whilethe

total-costcurvegetsflatter.

Dd.theproductionfunctiongetsflatter,whilethe

total-costcurvegetssteeper.第3题单选题(1分)Afirmisproducing1,000unitsatatotalcostof$5,000.

Ifitweretoincreaseproductionto1,001units,itstotal

costwouldriseto$5,008.Whatdoesthisinformation

tellyouaboutthefirm?Aa.

Marginalcostis5,andaveragevariablecostis8.

Bb.

Marginalcostis8,andaveragevariablecostis5.

Cc.

Marginalcostis5,andaveragetotalcostis8.

Dd.Marginalcostis8,andaveragetotalcostis5第4题单选题(1分)Afirmisproducing20unitswithanaveragetotalcost

of25andmarginalcostof15.Ifitweretoincrease

productionto21units,whichofthefollowingmust

occur?Aa.

Marginalcostwoulddecrease.

Bb.

Marginalcostwouldincrease.

Cc.

Averagetotalcostwoulddecrease.

Dd.Averagetotalcostwouldincrease.第5题单选题(1分)Thegovernmentimposesa$1,000peryearlicensefee

onallpizzarestaurants.Whichcostcurvesshiftasa

result?

Aa.

averagetotalcostandmarginalcost

Bb.

averagetotalcostandaveragefixedcostC

c.

averagevariablecostandmarginalcost

Dd.averagevariablecostandaveragefixedcost第6题单选题(1分)Ifahigherlevelofproductionallowsworkersto

specializeinparticulartasks,afirmwilllikely

exhibit________ofscaleand________average

totalcost.

Aa.

economies,falling

Bb.

economies,rising

Cc.

diseconomies,falling

Dd.

diseconomies,rising第7题单选题(1分)Aperfectlycompetitivefirm

Aa.

choosesitspricetomaximizeprofits.

Bb.

setsitspricetoundercutotherfirmssellingsimilar

products.

Cc.

takesitspriceasgivenbymarketconditions.

Dd.picksthepricethatyieldsthelargestmarketshare.第8题单选题(1分)AcompetitivefirmmaximizesprofitbychoosingthequantityatwhichAa.

averagetotalcostisatitsminimum.

Bb.

marginalcostequalstheprice.

Cc.

averagetotalcostequalstheprice.

Dd.marginalcostequalsaveragetotalcost.第9题单选题(1分)Acompetitivefirm’sshort-runsupplycurveisits

___________costcurveaboveits___________costcurve.

Aa.

averagetotal,marginal

Bb.

averagevariable,marginal

Cc.

marginal,averagetotal

Dd.marginal,averagevariable第10题单选题(1分)Ifaprofit-maximizing,competitivefirmisproducingaquantityatwhichmarginalcostisbetweenaveragevariablecostandaveragetotalcost,itwill

Aa.keepproducingintheshortrunbutexitthemarket

inthelongrun.Bb.shutdownintheshortrunbutreturnto

productioninthelongrun.

Cc.

shutdownintheshortrunandexitthemarketin

thelongrun.

Dd.keepproducingbothintheshortrunandinthe

longrun.第11题单选题(1分)Inthelong-runequilibriumofacompetitivemarket

withidenticalfirms,whatistherelationshipbetweenpriceP,marginalcostMC,andaveragetotalcostATC?

Aa.

P

>

MC

and

P

>

ATC.

Bb.

P

>

MC

and

P

=

ATC.Cc.P=MCandP>ATC.

Dd.

P

=

MC

and

P

=

ATC第12题单选题(1分)PretzelstandsinNewYorkCityareaperfectly

competitiveindustryinlong-runequilibrium.Oneday,

thecitystartsimposinga$100permonthtaxoneach

stand.Howdoesthispolicyaffectthenumberofpretzels

consumedintheshortrunandinthelongrun?

Aa.

downintheshortrun,nochangeinthelongrun

Bb.

upintheshortrun,nochangeinthelongrun

Cc.

nochangeintheshortrun,downinthelongrun

Dd.nochangeintheshortrun,upinthelongrun第五章作业第1题单选题(1分)Ifamonopoly’sfixedcostsincrease,itspricewill

_________anditsprofitwill_________.

Aa.

increase,decrease

Bb.

decrease,increaseC

c.

increase,staythesame

Dd.staythesame,decrease第2题单选题(1分)Comparedtothesocialoptimum,amonopolyfirm

chooses

Aa.aquantitythatistoolowandapricethatistoo

high.Bb.aquantitythatistoohighandapricethatistoo

low.

Cc.aquantityandapricethatarebothtoohigh.

Dd.aquantityandapricethatarebothtoolow.第3题单选题(1分)Thedeadweightlossfrommonopolyarises

becauseAa.

themonopolyfirmmakeshigherprofitsthana

competitivefirmwould.

Bb.

somepotentialconsumerswhoforgobuyingthe

goodvalueitmorethanitsmarginalcost.

Cc.

consumerswhobuythegoodhavetopaymore

thanmarginalcost,reducingtheirconsumer

surplus.

Dd.themonopolyfirmchoosesaquantitythatfailsto

equatepriceandaveragerevenue.第4题单选题(1分)Whenamonopolistswitchesfromcharging

asinglepricetoperfectpricediscrimination,it

reducesAa.

thequantityproduced.

Bb.

thefirm’sprofit.C

c.

consumersurplus.

Dd.

totalsurplus.第5题单选题(1分)WhichofthefollowingconditionsdoesNOTdescribe

afirminamonopolisticallycompetitivemarket?Aa.

Itmakesaproductdifferentfromitscompetitors.

Bb.

Ittakesitspriceasgivenbymarketconditions.

Cc.

Itmaximizesprofitbothintheshortrunandinthe

longrun.

Dd.Ithasthefreedomtoenterorexitinthelongrun第6题单选题(1分)Whichofthefollowinggoodsbestfitsthedefinitionof

monopolisticcompetition?

Aa.

wheat

Bb.

tapwater

Cc.

crudeoil

Dd.softdrinks第7题单选题(1分)Amonopolisticallycompetitivefirmwillincreaseits

productionifAa.

marginalrevenueisgreaterthanmarginalcost.

Bb.

marginalrevenueisgreaterthanaveragetotalcost.

Cc.

priceisgreaterthanmarginalcost.

Dd.priceisgreaterthanaveragetotalcost.第8题单选题(1分)Newfirmswillenteramonopolisticallycompetitive

marketif

Aa.

marginalrevenueisgreaterthanmarginalcost.B

b.

marginalrevenueisgreaterthanaveragetotalcost.

Cc.

priceisgreaterthanmarginalcost.

Dd.priceisgreaterthanaveragetotalcost.第9题单选题(1分)Ifanoligopolydoesnotcooperateandeachfirm

choosesitsownquantity,theindustrywillproducea

quantityofoutputthatis__________thecompetitive

leveland__________themonopolylevel.Aa.

lessthan,morethan

Bb.

morethan,lessthan

Cc.

lessthan,equalto

Dd.equalto,morethan第10题单选题(1分)Asthenumberoffirmsinanoligopolygrowslarge,

theindustryapproachesalevelofoutputthatis

__________thecompetitiveleveland__________the

monopolylevel.

Aa.

lessthan,morethan

Bb.

morethan,lessthan

Cc.

lessthan,equalto

Dd.equalto,morethan

第11题单选题(1分)Theprisoners’dilemmaisatwo-persongame

illustratingthat

Aa.thecooperativeoutcomecouldbeworseforboth

peoplethantheNashequilibrium.Bb.evenifthecooperativeoutcomeisbetterthanthe

Nashequilibriumforoneperson,itmightbeworse

fortheother.

Cc.evenifcooperationisbetterthantheNashequilibrium,eachpersonmighthaveanincentivenotto

cooperate.Dd.rational,self-interestedindividualswillnaturally

avoidtheNashequilibriumbecauseitisworsefor

bothofthem.第12题单选题(1分)Theantitrustlawsaimto

Aa.

facilitatecooperationamongfirmsinoligopolistic

industries.

Bb.

encouragemergerstotakeadvantageofeconomies

ofscale.

Cc.

discouragefirmsfrommovingproductionfacilities

overseas.

Dd.preventfirmsfromactinginwaysthatreduce

competition.第六章作业第1题单选题(2分)Whichofthefollowingnewspaperheadlinesismorecloselyrelatedtowhatmicroeconomistsstudythantowhatmacroeconomistsstudy?AUnemploymentraterisesfrom5percentto5.5percent.BRealGDPgrowsby3.1percentinthethirdquarter.CRetailsalesatstoresshowlargegains.DThepriceoforangesrisesafteranearlyfrost.第2题单选题(1分)ThebasictoolsofsupplyanddemandareAusefulonlyintheanalysisofeconomicbehaviorinindividualmarkets.Busefulinanalyzingtheoveralleconomy,butnotinanalyzingindividualmarkets.Ccentraltomicroeconomicanalysis,butseldomusedinmacroeconomicanalysis.Dcentraltomacroeconomicanalysisaswellastomicroeconomicanalysis.第3题单选题(1分)Grossdomesticproductmeasurestwothingsatonce:Athetotalspendingofeveryoneintheeconomyandthetotalsavingofeveryoneintheeconomy.Bthetotalincomeofeveryoneintheeconomyandthetotalexpenditureontheeconomy'soutputofgoodsandservices.Cthevalueoftheeconomy'soutputofgoodsandservicesfordomesticcitizensandthevalueoftheeconomy'soutputofgoodsandservicesfortherestoftheworld.Dthetotalincomeofhouseholdsintheeconomyandthetotalprofitoffirmsintheeconomy.第4题单选题(1分)Foraneconomyasawhole,incomemustequalexpenditurebecauseAthenumberoffirmsisequaltothenumberofhouseholdsinaneconomy.Binternationallawrequiresthatincomeequalexpenditure.Ceverydollarofspendingbysomebuyerisadollarofincomeforsomeseller.Deverydollarofsavingbysomeconsumerisadollarofspendingbysomeotherconsumer.第5题单选题(1分)Supposeaneconomyproducesonlycheeseandfish.

In2008,20unitsofcheesearesoldat5eachand8unitsoffisharesoldat50each.

In2007,thebaseyear,thepriceofcheesewas10perunitandthepriceoffishwas75perunit.

For2008,AnominalGDPis500,realGDPis800,andtheGDPdeflatoris62.5.BnominalGDPis500,realGDPis800,andtheGDPdeflatoris160.CnominalGDPis800,realGDPis500,andtheGDPdeflatoris62.5.DnominalGDPis800,realGDPis500,andtheGDPdeflatoris160.第6题单选题(1分)Whentheconsumerpriceindexrises,thetypicalfamilyAhastospendmoredollarstomaintainthesamestandardofliving.Bcanspendfewerdollarstomaintainthesamestandardofliving.Cfindsthatitsstandardoflivingisnotaffected.Dcanoffsettheeffectsofrisingpricesbysavingmore.第7题单选题(1分)EconomistsusetheterminflationtodescribeasituationinwhichAsomepricesarerisingfasterthanothers.Btheeconomy'soverallpricelevelisrising.Ctheeconomy'soverallpricelevelishigh,butnotnecessarilyrising.Dtheeconomy'soveralloutputofgoodsandservicesisrisingfasterthantheeconomy'soverallpricelevel.第8题单选题(1分)TheinflationrateyouarelikelytohearonthenightlynewsiscalculatedfromAtheGDPdeflator.BtheCPI.CtheDowJonesIndustrialAverage.Dtheunemploymentrate.第9题单选题(1分)InthecalculationoftheCPI,coffeeisgivengreaterweightthanteaifAconsumersbuymorecoffeethantea.Bthepriceofcoffeeishigherthanthepriceoftea.Citcostsmoretoproducecoffeethanitcoststoproducetea.Dcoffeeismorereadilyavailablethanteaistothetypicalconsumer.第10题单选题(1分)WhatbasketofgoodsandservicesisusedtoconstructtheCPI?AarandomsampleofallgoodsandservicesproducedintheeconomyBthegoodsandservicesthataretypicallyboughtbyconsumersasdeterminedbygovernmentsurveysConlyfood,clothing,transportation,entertainment,andeducationDtheleastexpensiveandthemostexpensivegoodsandservicesineachmajorcategoryofconsumerexpenditures第11题单选题(1分)Iftheconsumerpriceindexwas80in2004,100in2005,and110in2006,thenthebaseyearmustbe

A2004.B2005.C2006.DThebaseyearcannotbedeterminedfromthegiveninformation.第12题单选题(1分)Ifthecostoffoodincreasesby10percentin2010,whichofthefollowingwouldbethepossibleimpactsonCPIfortheUSandChina?AUSCPIincreasesby1.5percentwhileChina’sCPIincreasesby3.2

percent.BUSCPIincreasesby3.2percentwhileChina’sCPIincreasesby1.5

percent.CBothUSCPIandChina’sCPIincreaseby3.2

percent.DBothUSCPIandChina’sCPIincreaseby1.5

percent.第七章作业第1题单选题(1分)Anation'sstandardoflivingisbestmeasuredbyitsArealGDP.BrealGDPperperson.CnominalGDP.DnominalGDPperperson.第2题单选题(1分)LastyearPanglossiahadrealGDPof27.0billion.ThisyearithadrealGDPof31.5billion.Whichofthefollowingchangesinpopulationisconsistentwitha5percentgrowthrateofrealGDPperpersonoverthelastyear?AThepopulationdecreasedfrom88millionto84million.BThepopulationdecreasedfrom75millionto73million.CThepopulationincreasedfrom45millionto50million.DThepopulationincreasedfrom60millionto62million.第3题单选题(1分)Nathanownsabakerythatbakesonlycakes.

Allofhisbakerswork8hoursperday.

In2006,heemployed5bakersandtheyproduced200cakeseachday.

In2007,heemployed6bakersandtheyproduced249cakeseachday.

InNathan’sbakery,productivity

Adecreasedby2.33percentbetween2006and2007.Bincreasedby2.33percentbetween2006and2007.Cincreasedby3.75percentbetween2006and2007.Dincreasedby24.50percentbetween2006and2007.第4题单选题(1分)Mostentrepreneursdonothaveenoughmoneyoftheirowntostarttheirbusinesses.

Whentheyacquirethenecessaryfundsfromsomeoneelse,Atheirconsumptionexpendituresarebeingfinancedbysomeoneelse’ssaving.Btheirconsumptionexpendituresarebeingfinancedbysomeoneelse’sinvestment.Ctheirinvestmentsarebeingfinancedbysomeoneelse’ssaving.Dtheirsavingisbeingfinancedbysomeoneelse’sinvestment.第5题单选题(1分)Ifthegovernment'sexpendituresexceededitsreceipts,itwouldlikelyAlendmoneytoabankorotherfinancialintermediary.Bborrowmoneyfromabankorotherfinancialintermediary.Cbuybondsdirectlyfromthepublic.Dsellbondsdirectlytothepublic.第6题单选题(1分)ThenumberofsharesofBiggieCorporationstockoutstandingin2007was100million.

In2007,Biggiestockpaidadividendof$2.40pershareanditsdividendyieldwas4percent.

Iftheprice-earningsratiois16,thenBiggie’stotalearningsin2007amountedtoA$1.92million.B$87.50million.C$375.00million.D$960.00million.第7题单选题(1分)Supposeyouput500intoabankaccounttoday.Interestispaidannuallyandtheannualinterestrateis5.5percent.Thefuturevalueofthe500isA637.50after5yearsand822.09after10years.B637.50after5yearsand775.00after10years.C653.48after5yearsand854.07after10years.D688.36after5yearsand915.56after10years.第8题单选题(1分)DiscountingrefersdirectlytoAfindingthepresentvalueofafuturesumofmoney.Bfindingthefuturevalueofapresentsumofmoney.Ccalculationsthatignorethephenomenonofcompoundingforthesakeofeaseandsimplicity.Ddecreasesininterestratesovertime,whilecompoundingreferstoincreasesininterestratesovertime.第9题单选题(1分)EconomistshavedevelopedmodelsofriskaversionusingtheconceptofAutilityandtheassociatedassumptionofdiminishingmarginalutility.Butilityandtheassociatedassumptionofincreasingmarginalutility.Cincomeandtheassociatedassumptionofdiminishingmarginalwealth.Dincomeandtheassociatedassumptionofincreasingmarginalwealth.第10题单选题(1分)Aneconomy’snaturalrateofunemploymentisAtheeconomy’slong-runtargetlevelofunemployment.Btheamountofunemploymentthattheeconomynormallyexperiences.Cthelowestrateofunemploymenttheeconomycanachieve.DAlloftheabovearecorrect.第11题单选题(1分)Satchelloseshisjobandimmediatelybeginslookingforanother.

Otherthingsthesame,theunemploymentrateAincreasesandthelabor-forceparticipationratedecreases.Bandthelabor-forceparticipationratebothincrease.Cincreasesandthelabor-forceparticipationrateisunaffected.Disunaffectedandthelabor-forceparticipationratedecreases.第12题单选题(1分)DiscouragedworkersAarecountedasoutofthelaborforcebutshouldbecountedasunemployed.Barecountedasunemployedbutshouldbecountedasoutofthelaborforce.Carecorrectlycountedasoutofthelaborforce.Darecorrectlycountedasunemployed.第八章作业第1题单选题(1分)Whenwewanttomeasureandrecordeconomicvalue,weusemoneyastheAliquidasset.Bmediumofexchange.Cunitofaccount.Dstoreofvalue.第2题单选题(1分)Whichofthefollowinglistsrankstypesofassetsfrommostliquidtoleastliquid?Acurrency,demanddeposits,moneymarketmutualfundsBcurrency,moneymarketmutualfunds,demanddepositsCmoneymarketmutualfunds,demanddeposits,currencyDdemanddeposits,moneymarketmutualfunds,currency第3题单选题(1分)WhichofthefollowingisnotincludedinM1?Aa$5billinyourwalletB$100inyourcheckingaccountC$500inyoursavingsaccountDAlloftheaboveareincludedinM1.第4题单选题(1分)WhichofthefollowingmightexplainwhytheUnitedStateshassomuchcurrencyperperson?AU.S.citizensareholdingalotofforeigncurrency.BCurrencymaybeapreferablestoreofwealthforcriminals.CPeopleusecreditanddebitcardsmorefrequently.DAlloftheabovehelpexplaintheabundanceofcurrency.第5题单选题(1分)WhichgroupwithintheFederalReserveSystemmeetstodiscusschangesintheeconomyanddeterminemone