经济学原理quiz511.docx
- 文档编号:3480445
- 上传时间:2023-05-05
- 格式:DOCX
- 页数:15
- 大小:44.36KB
经济学原理quiz511.docx
《经济学原理quiz511.docx》由会员分享,可在线阅读,更多相关《经济学原理quiz511.docx(15页珍藏版)》请在冰点文库上搜索。
经济学原理quiz511
Quiz5
ClassNameNumber
1.Agoodwilltendtohaveaninelasticdemandif:
a.thegoodhasmanyclosesubstitutes.b.thegoodisaluxury.
c.themarketisdefinedverybroadly.d.thetimehorizonislong.
2.Aperfectlyelasticdemandisrepresentedgraphicallybya:
a.relativelysteepdemandcurve.b.relativelyflatdemandcurve.
c.verticaldemandcurve.d.horizontaldemandcurve.
3.WhateffectwillanincreaseinthepricehaveonTotalRevenue,ifdemandiselastic?
a.TotalRevenuewillincrease.b.TotalRevenuewilldecrease.
c.TotalRevenuewillfirstdecreaseandthenincrease.d.TotalRevenuewillremainunchanged.
4.Thepriceelasticityofdemandtendstobemoreelastic:
a.atpointsfurtherupandtotheleftalongthedemandcurve.
b.atpointsfurtherdownandtotherightalongthedemandcurve.
c.whenthedemandcurvebecomessteeper.d.whenthedemandcurveisvertical.
5.SupposethatGeneralCarsincreasesthepriceofitsCadiclapmodelfrom$13,500to$16,500.Asaresultofthis,thequantitydemandedoftheCadiclapmodeldecreasesfrom600,000to400,000peryear.FindthepriceelasticityofdemandoftheCadiclapusingtheMid-Pointmethod.
a.-3.0b.-0.5c.-2.0d.-0.3
6.IfafirmneedstoincreaseitsTotalRevenue,thefirmshould________theprice,ifthedemandforitsproductis________.
a.drop,inelasticb.raise,elasticc.drop,elasticd.drop,unitelastic
7.Supposethatconsumers'incomesriseby3%,andthatthiscausesthequantitydemandedincreaseby2%
a.1.50b.0.67c.-1.50d.-0.67
8.Supposethatagoodhasanincomeelasticityofdemandof-2.0.Thismeansthatthegoodis:
a.normal.b.inferior.c.asubstitute.d.acomplement.
9.Iftwogoodshaveacross-priceelasticityofdemandof-0.8.Thismeansthatthesegoodsare:
a.normal.b.inferior.c.substitutes.plements.
10.ThepriceofgoodAincreasesfrom$4.50to$5.50.ThiscausesthequantitydemandedofgoodBtoincreasefrom900to1100unitspermonth.FindthecrosspriceelasticityofdemandusingtheMid-Pointmethod.
a.-1.0b.+2.0c.+1.0d.-2.0
Quiz6
ClassNameNumber
1.Supposethataregulationisinplacethatdoesnotallowthepriceofagoodtoexceed$5.Ifthispriceisabovetheequilibriumpriceinthemarket,thiswouldbeanexampleofa:
bindingpriceceiling
notbindingpriceceiling
bindingpricefloor
notbindingpricefloor.
2.Supposethataregulationisinplacethatdoesnotallowthepriceofagoodtofallbelow$10.Ifthispriceisabovetheequilibriumpriceinthemarket,thiswouldbeanexampleofa
bindingpriceceiling
notbindingpriceceiling.
bindingpricefloor.
notbindingpricefloor.
3.Supposethataregulationisinplacethatdoesnotallowthepriceofagoodtoexceed$5.Ifthispriceisbelowtheequilibriumpriceinthemarket,thiswouldbeanexampleofa:
bindingpriceceiling.
notbindingpriceceiling.
bindingpricefloor.
notbindingpricefloor.
4.Ifapricefloorisinplaceanditisbinding,themarketwill:
remaininequilibrium,unaffectedbythepricefloor
experienceashortage
experienceasurplus
adjustitsequilibriumpointtowardthepricefloor
5.Ifapriceceilingisinplaceanditisbinding,themarketwill:
remaininequilibrium,unaffectedbythepricefloor.
experienceashortage
experienceasurplus
adjustitsequilibriumpointtowardthepricefloor
6.Ifapricefloorisinplaceanditisnotbinding,themarketwill:
remaininequilibrium,unaffectedbythepricefloor
experienceashortage
experienceasurplus
adjustitsequilibriumpointtowardthepricefloor
7.Ifataxisimposedonbuyersofagood,the________curveofthegoodwillshift________bytheamountofthetax.
demand,upward
demand,downward
supply,upward
supply,downward
8.Ifataxisimposedonsellersofagood,the________curveofthegoodwillshift________bytheamountofthetax.
demand,upward
demand,downward
supply,upward
supply,downward
9.Ifataxisimposedonagoodandtheincidenceofthetaxendsupfallingmoreheavilyonthesellersthanonthebuyers,thiswillbebecause:
demandismoreelasticthansupplyforthatgood
demandislesselasticthansupplyforthatgood.
thetaxwasimposedonthebuyersofthegoo
thetaxwasimposedonthesellersofthegood
10.Ifataxisimposedonagoodandtheincidenceofthetaxendsupfallingmoreheavilyonthebuyersthanonthesellers,thiswillbebecause:
demandismoreelasticthansupplyforthatgood.
demandislesselasticthansupplyforthatgood
thetaxwasimposedonthebuyersofthegood.
thetaxwasimposedonthesellersofthegood.
Quiz7
ClassNameNumber
1.Consumersurplusisthe:
a.differencebetweenwhattheconsumeriswillingtopayandwhattheconsumerhastopay.
b.surplusofgoodstheconsumerhasafterconsumingallhe/sheneedsfromthem.
c.excessnumberofgoodsconsumerspurchaseoverandabovewhattheyreallyneed.
d.excessnumberofunitsfirmsproduceoverandabovewhatconsumerswanttopurchase.
2.Theconsumersurpluscanbeexpressedgraphicallyasthearea:
a.abovethesupplycurveandbelowtheprice
b.abovethesupplycurveandbelowthedemandcurve
c.belowthesupplycurveandabovethehorizontalaxis
d.belowthedemandcurveandabovethepriceofthegood.
3.Theproducersurpluscanbeexpressedgraphicallyasthearea:
a.abovethesupplycurveandbelowtheprice
b.abovethesupplycurveandbelowthedemandcurve
c.belowthesupplycurveandabovethehorizontalaxis.
d.belowthedemandcurveandabovethepriceofthegood.
4.Theproducersurplusrepresentsthe:
a.productioninamarketoverandabovewhatconsumerswishtopurchase.
b.differencebetweenthepriceofthegoodandthecosttotheseller.
c.leftoverofrawmaterialsandotherinputsthatfirmshaveafterproducingthegood.
d.leftoverofthegoodthatremainsunsoldaftertheHolidayseason.
5.Apriceincreasewillcauseconsumersurplusto________.
a.increaseb.decreasec.staythesamed.increaseordecrease
6.Apriceincreasewillcauseproducersurplusto________.
a.increaseb.decreasec.staythesamed.increaseordecrease
7.TotalSurpluscanbecalculatedasfollows:
a.Valuetobuyersminusamountpaidbybuyersb.Amountreceivedbysellersminuscosttosellers.
c.Costtosellersminusvaluetobuyersd.Valuetobuyersminuscosttosellers.
8.Totalsurplusinamarketisusuallymaximizedwhen:
a.firmsobtainthebiggestpossibleprofitb.consumerspaythelowestpossibleprice.
c.themaximumamountpossibleisproducedd.themarketisinequilibrium.
9.Ifthequantitytradedinamarketislessthantheequilibriumquantity:
a.thevaluetoconsumersforadditionalunitsislessthanthecosttosellersofproducingthoseunits.
b.thevaluetoconsumersforadditionalunitsisgreaterthanthecosttosellersofproducingthoseunits.
c.themarketwilldecreaseitstotalsurplusifmoreunitsareproduced.
d.totalsurplusislargerthaninequilibrium
10Ifamarketisnotverycompetitiveand/orifthereareexternalities,wecanexpectthemarketoutcome:
a.tobeefficient,andtotalsurplustobemaximized
b.tobeefficient,buttotalsurpluswillnotbemaximized
c.nottobeefficient,butthetotalsurpluswillstillbemaximized
d.nottobeefficient,andtotalsurpluswillnotbemaximized
Quiz8
ClassNameNumber
1.Allofthefollowingoccurwhenataxisleviedonagood,EXCEPT:
a.consumersurplusdecreases.
b.producersurplusdecreases.
c.totalsurplusincreases.
d.thegovernmentobtainsrevenuefromthetax.
2.Whenataxisimposed,thequantitytradedinamarketwill________andtotalsurpluswill________.
a.increase,increaseb.increase,decreasec.decrease,increased.decrease,decrease
3.Thelossoftotalsurplusinamarketresultingfromataxiscalled:
a.deadweightloss.b.taxsurplus.c.governmentrevenuefromthetax.d.taxationloss.
4.Deadweightlossinataxedmarketoccursbecause:
a.thetaxcausesthemarkettotrademorethantheoptimalunits,soallthesurplusoftheexcessunitstradedislost.
b.thetaxcausesthemarkettotradelessthantheoptimalunits,soallthesurplusoftheunitsnottradedislost.
c.thegovernment'srevenuefromthetaxislosttoconsumersandproducers.
d.ofthecostofadministeringthetax,intheformofpaperworkthatneedstobedone.
5.Agiventaxwillcauseabiggerdeadweightlossifdemandandsupplyare:
a.inelastic.b.elastic.c.unitelastic.d.perfectlyinelastic.
6.Whichofthefollowingwillcausethedeadweightlossoftaxationtobebigger?
a.Abiggertax.b.Anincreaseindemand.c.Anincreaseinsupply.d.Lesselasticdemandandsupply.
7.AccordingtotheLaffercurve,ifthegovernmentwantstoincreaseitsrevenuefromtaxes:
a.sometimesthewaytodosowillbebyloweringthesizeofthetax.
b.itwillhavetoincreasethesizeofthetax.
c.itwillhavetoimposethetaxonsellers.
d.itwillhavetoimposethetaxonbuyers.
8.Whenthesizeofthetaxistoobig,afurtherincreaseinthesizeofthetaxwillcause:
a.therevenuegeneratedbythetaxtoincrease.b.therevenuegeneratedbythetaxtodecrease.
c.buyerstoincreasethequantitydemanded.d.sellerstoincreasethequantitysupplied.
9.Abiggertaxwillcausethedeadweightlossinthemarketto:
a.increase,andwillalwayscausethetaxrevenuetoincrease.
b.decrease,anditwillalwayscausethetaxrevenuetoincrease.
c.increase,anditmightcausethetaxrevenuetodecrease.
d.decrease,anditmightcausethetaxrevenuetodecrease.
10.Whenataxisimposed,whichofthefollowingwilloccur?
a.Consumersurpluswillincrease.b.Producersurpluswillincrease.
c.Governmenttaxrevenuewillde
- 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:
- 经济学原理 quiz511