Chapter7 Perfect Competition经济学英语题库.docx
- 文档编号:10920681
- 上传时间:2023-05-28
- 格式:DOCX
- 页数:28
- 大小:270.13KB
Chapter7 Perfect Competition经济学英语题库.docx
《Chapter7 Perfect Competition经济学英语题库.docx》由会员分享,可在线阅读,更多相关《Chapter7 Perfect Competition经济学英语题库.docx(28页珍藏版)》请在冰点文库上搜索。
Chapter7PerfectCompetition经济学英语题库
Chapter7PerfectCompetition
MultipleChoice
1.Amarketwithalargenumberofsellers
a.canonlybeaperfectlycompetitivemarket.
b.mightbeanoligopolyoraperfectlycompetitivemarket.
c.mightbeamonopolisticallycompetitiveoraperfectlycompetitivemarket.
d.mightbeaperfectlycompetitive,monopolisticallycompetitive,oligopoly,ormonopolymarket.
Answer:
c
2.Aperfectlycompetitivefirm
a.sellsaproductthathasperfectsubstitutes.
b.hasaperfectlyinelasticdemand.
c.hasaperfectlyelasticsupply.
d.Alloftheaboveanswersarecorrect.
Answer:
a
3.Inwhichmarketstructuredofirmsexistinverylargenumbers,eachfirmproducesanidenticalproduct,andthereisfreedomofentryandexit?
a.monopoly
b.oligopoly
c.perfectcompetition
d.monopolisticcompetition
Answer:
c
4.Thecharacteristicsthatdescribeaperfectlycompetitiveindustryinclude
a.manyfirmssellinganidenticalproduct.
b.onesellersellingtomanybuyers.
c.manyfirmssellingaslightlydifferentiatedproduct.
d.afewfirmssellingtomanybuyers.
Answer:
a
5.Onerequirementforanindustrytobeperfectlycompetitiveisthatintheindustrythereare
a.fewfirmswithverylargemarketshares.
b.manyfirmswithverylargemarketshares.
c.manyfirmswithverysmallmarketshares.
d.manyfirmssellingdifferentproducts.
Answer:
c
6.Onerequirementforanindustrytobeperfectlycompetitiveisthat
a.therearenorestrictionsonentryintoorexitfromthemarket.
b.therearemultiplerestrictionsonentryintoorexitfromthemarket.
c.therearemanyfirmssellingdifferentproducts.
d.sellersandbuyershaveimperfectinformationaboutprices.
Answer:
a
7.Onerequirementforanindustrytobeperfectlycompetitiveisthat
a.sellersandbuyershaveimperfectinformationaboutprices.
b.establishedfirmshavenoadvantageovernewfirms.
c.establishedfirmshaveasignificantadvantageovernewfirms.
d.differentfirmsproducewidelydifferentproducts.
Answer:
b
8.Aperfectlycompetitivemarketariseswhen
a.themarketdemandissmallrelativetotheoutputofafirm.
b.therearemanybuyersbutfewsellers.
c.themarketdemandisverylargerelativetotheoutputofoneseller.
d.afirmhascontroloverauniqueresource.
Answer:
c
9.Eachfirminaperfectlycompetitiveindustry
a.producesagoodthatisslightlydifferentfromthatoftheotherfirms.
b.producesagoodthatisidenticaltothatoftheotherfirms.
c.attainseconomiesofscale.
d.hascontroloveratleastoneuniqueresourcetoseparatethemselvesfromtheircompetitors.
Answer:
b
10.Amonopolyoccurswhen
a.eachfirmproducesaproductthatisslightlydifferentfromtheotherfirms.
b.onefirmsellsagoodthathasnoclosesubstitutesandabarrierblocksentryforotherfirms.
c.therearemanyfirmsproducingthesameproduct.
d.afewfirmscontrolthemarket.
Answer:
b
11.Inwhichmarketstructuredoesonefirmsellagoodorservicewithnoclosesubstitutesandthereisabarrierblockingtheentryofnewfirms?
a.monopoly
b.oligopoly
c.perfectcompetition
d.monopolisticcompetition
Answer:
a
12.Whenonefirmsellsagoodorservicethathasnoclosesubstitutesandabarrierblockstheentryofnewfirms,whattypeofmarketisthis?
a.perfectcompetition
b.monopoly
c.oligopoly
d.monopolisticcompetition
Answer:
b
13.____ariseswhenalargenumberoffirmscompetebymakingsimilarbutslightlydifferentproducts.
a.Monopoly
b.Perfectcompetition
c.Monopolisticcompetition
d.Oligopoly
Answer:
c
14.Amarketisclassifiedasmonopolisticallycompetitivewhen
a.thereisabarrierthatblocksentrybyotherfirms.
b.asmallnumberoffirmscompete.
c.manyfirmsproducethesameproduct.
d.manyfirmsproduceaslightlydifferentiatedproduct.
Answer:
d
15.Inwhichmarketstructureistherealargenumberoffirmsproducingslightlydifferentiatedproducts?
a.monopoly
b.oligopoly
c.perfectcompetition
d.monopolisticcompetition
Answer:
d
16.Amarketisclassifiedasanoligopolywhen
a.afewfirmscompete.
b.manyfirmsproduceaslightlydifferentiatedproduct.
c.abarrierblocksentrybyotherfirms.
d.manyfirmsproducethesameproduct.
Answer:
a
17.Inwhichmarketstructurearethereasmallnumberoffirmscompeting?
a.monopoly
b.oligopoly
c.perfectcompetition
d.monopolisticcompetition
Answer:
b
18.____ariseswhenasmallnumberoffirmscompete.
a.Monopoly
b.Perfectcompetition
c.Monopolisticcompetition
d.Oligopoly
Answer:
d
19.Thefirm’sobjectiveisto
a.earnanormalprofit.
b.maximizenormalprofit.
c.maximizeeconomicprofit.
d.maximizetotalrevenue.
Answer:
c
20.Economicprofitequalsthefirm’stotalrevenueminusthe
a.opportunitycostofproduction.
b.fixedcostofproduction.
c.variablecostofproduction.
d.normalprofit.
Answer:
a
21.Normalprofitisdefinedas
a.thesamethingaseconomicprofit.
b.thereturntothefirm’sentrepreneur.
c.totalrevenueminusthetotalopportunitycostofproduction.
d.thepointofprofitwhentotalrevenueismaximized.
Answer:
b
22.Aperfectlycompetitivefirmcan
a.sellallofitsoutputattheprevailingmarketprice.
b.sellatahigherpricetocustomerswillingtopaymore.
c.raiseitspriceinordertoincreaseitstotalrevenue.
d.Noneoftheaboveanswersiscorrect.
Answer:
a
23.IncentralFloridaduringthespring,strawberrygrowersarepricetakers.Thereasonthesegrowersarepricetakersisbecausethereare____strawberrygrowersinthisarea.
a.many
b.morethanoneortwobutnotmany
c.oneortwo
d.no
Answer:
a
24.Inaperfectlycompetitivemarket,onefarmer’sbarleyis
a.completelydifferentfromanotherfarmer’sbarley.
b.aperfectsubstituteforanotherfarmer’sbarley.
c.amonopolizedproductinthatfarmer’slocalmarket.
d.amonopolizedproductinthenationalmarket.
Answer:
b
25.Thepricechargedbyaperfectlycompetitivefirmis
a.thesameasthemarketprice.
b.canbedifferentthanthepricechargedbycompetingfirms.
c.lowerthemorethefirmproduces.
d.higherthemorethefirmproduces.
Answer:
a
26.Foraperfectlycompetitivefirm,thepriceofthegoodisequaltothefirm’smarginalrevenuebecause
a.informationaboutpricechangesishardtocomebyforsmallsellers.
b.priceandmarginalrevenuearethesameeconomicconcepts.
c.individualfirmscannotinfluencethemarketpricebychangingtheiroutput.
d.thefirm’stotalrevenuecannotbechangedbyanythingthefirmscando.
Answer:
c
29.FortheperfectlycompetitivebroccoliproducersinCalifornia,themarketdemandcurveforbroccoliis
a.ahorizontalline.
b.downwardsloping.
c.nonexistent.
d.upwardsloping.
Answer:
b
30.Thedemandcurveforaperfectlycompetitivemarketis____andthedemandcurveforaperfectlycompetitivefirm’soutputis____.
a.downwardsloping;downwardsloping
b.downwardsloping;horizontal
c.horizontal;downwardsloping
d.horizontal;horizontal
Answer:
b
31.Elsieisaperfectlycompetitivedairyfarmer.Ifthemarketpriceofmilkfallsto$1.20agallonfrom$1.40agallon,Elsie
a.cansellasmuchmilkasshewantsat$1.20agallon.
b.willhavetochargesomecustomers$1.40agallontostayinbusiness.
c.willproducethesameamountofmilkatbothprices.
d.canproducemoreatthelowerpricebecausethequantitydemandedishigheratlowerprices.
Answer:
a
32.ForaperfectlycompetitivepalmtreenurseryinSouthCarolina,thetotalrevenuecurveis
a.downwardsloping.
b.ahorizontalline.
c.upwardsloping.
d.U-shaped.
Answer:
c
33.Foraperfectlycompetitivefirm,marginalrevenueis
a.lessthantheprice.
b.greaterthantheprice.
c.equaltotheprice.
d.equaltothechangeinprofitfromsellingonemoreunit.
Answer:
c
34.Intheshortrun,aperfectlycompetitivefirmmustdecide
a.thepricetochargeforitsproduct,andthelevelofoutputthatwillmaximizeitseconomicprofitsorminimizeitseconomiclosses.
b.onlythelevelofoutputthatwillmaximizeitseconomicprofitsorminimizeitseconomiclosses.
c.onlythepricetochargeforitsproductthatwillenableittomaximizeitseconomicprofitsorminimizeitseconomiclosses.
d.whetherornotitshouldadvertise.
Answer:
b
35.Aperfectlycompetitivefirmwillmaximizeprofitswhenthe
a.differencebetweentotalrevenueandtotalcostismaximized.
b.competitionfailstomakeaprofitandshutsdown.
c.firmcangetapricehigherthanthemarketprice.
d.Noneoftheaboveanswersiscorrect.
Answer:
a
36.ForasyrupproducerincentralVermont,profitismaximizedatthelevelofoutputforwhichtotal
a.revenueexceedstotalcostbythelargestamount.
b.revenueexceedstotalcostbythesmallestamount.
c.revenueismaximized.
d.costisminimized.
Answer:
a
37.Afirmmaximizesitsprofitbyproducingtheamountofoutputsuchthatmarginal
a.revenueequalsmarginalcost.
b.revenueexceedsmarginalcost.
c.revenueismaximized.
d.costisminimized.
Answer:
a
38.Aperfectlycompetitivefirmwillmaximizeprofitswhenthe
a.firm’stotalrevenueisequaltototalcost.
b.firm’smarginalrevenueisequaltoprice.
c.firm’smarginalrevenueisequaltomarginalcost.
d.priceexceedsthemarginalcost.
Answer:
c
39.Asaperfectlycompetitivewheatfarmer’soutputincreases,weknowthatthefarmer’s
a.totalrevenueincreases,butsodoestotalcost,sothatifoutputisincreasedenough,thefarmersuffersaneconomicloss.
b.totalrevenuedecreasesandbuttotalcostincreases,boththerebydecreasingthefarmer’sprofit.
c.totalrevenuedoesnotchang
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- Chapter7 Perfect Competition 经济学英语题库 经济学 英语 题库