微观经济学 英文版 题库 完整版Word文档格式.docx
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微观经济学 英文版 题库 完整版Word文档格式.docx
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Previousedition,Chapter6
AACSB:
ReflectiveThinking
2)Apriceceiling________.
A)makesitillegaltochargeahigherpricethanthespecifiedprice
B)ismoreeffectivewhenitishigher
C)isnecessarytomaintainmarketequilibrium
D)occursinhousingmarketsonly
A
3)Aprice________isaregulated________thatmustbesetbelowtheequilibriumpricetohaveaneffect.
A)floor;
price
B)floor;
quantity
C)ceiling;
D)ceiling;
C
RentCeiling
4)Inordertohaveaneffect,apriceceilingmustbeset________.
A)abovetheequilibriumprice
B)equaltotheequilibriumprice
C)belowtheequilibriumprice
D)bysuppliers
5)Arentceilingbelowtheequilibriumrentwillcreate
A)amoreefficientallocationofhousing.
B)alargernumberofapartmentsrented.
C)nochangeinthenumberofapartmentsrented.
D)increasedsearchtimeandblackmarkets.
D
6)Arentceiling________.
A)increasesthequantityofrentalunitssupplied
B)cannotchangethemarketprice
C)setaboveequilibriumpricehasnoeffect
D)generallyaimsatinsuringthatlandlordsreceiveahigherrentthanwouldotherwisebethecase
Conceptual
7)Arentceilingsetabovetheequilibriumrent
A)restrictsthequantitydemandedbutnotthequantitysupplied.
B)restrictsthequantitysuppliedbutnotthequantitydemanded.
C)restrictsboththequantitydemandedandthequantitysupplied.
D)hasnoeffect.
Analytical
AnalyticalSkills
8)Apriceceiling,suchasarentceiling,
A)alwaysresultsinasurplus.
B)alwaysresultsinashortage.
C)resultsinasurplusiftheceilingpriceislessthantheequilibriumprice.
D)resultsinashortageiftheceilingpriceislessthantheequilibriumprice.
9)Whichofthefollowingisaneffectofapriceceilingsetbelowtheequilibriumprice?
A)Lessofthegoodisproducedwiththeceilingthanwouldbeproducedwithouttheceiling.
B)Thepriceceilinghasnoeffectonthemarketequilibrium.
C)Consumerscanbuymorethantheycanattheequilibriumpricebecausetheceilingpriceislower.
D)Noneoftheaboveanswersiscorrect.
10)Supposethegovernmentimposesapriceceilingongasolinethatislessthantheequilibriumprice.Asaresult,
A)thepriceofgasolinerisestotheequilibriumprice.
B)thereisincentiveforbuyerstoundertakesearchactivity.
C)thesupplyofgasolinewillincreaseandthesupplycurvewillshiftrightward.
D)thedemandforgasolinewilldecreaseandthedemandcurvewillshiftleftward.
11)WhichofthefollowingisNOTapotentialimpactofarentceilingsetbelowtheequilibriumrent?
A)asurplus
B)anincreaseinsearch
C)adeadweightloss
D)Noneoftheabovebecausetheyareallimpactsofarentceilingsetbelowtheequilibriumrent.
Modified10thedition
12)Apriceceilingcanresultinwhichofthefollowing?
A)inefficiency
B)blackmarkets
C)increasedsearchactivities
D)Alloftheaboveanswersarecorrect.
13)Sherrywantstorentanapartment.Althoughrentsarebelowwhatsheiswillingtopay,shecannotfindanapartment.Thenafteramonthofsearching,shefindsanapartmentbutshehastopayanadditional$1,000tohavethelockschanged.Sherryhasjustexperiencedtheeffectsof________.
A)arentfloorwithablackmarket
B)inelasticdemand
C)amarketworkingefficiently
D)arentceiling
Communication
14)Priceceilings,suchasrentceilings,setbelowtheequilibriumprice
A)increaseproducersurplus.
B)decreaseproducersurplus.
C)donotaffectproducersurplus.
D)mightincreaseordecreaseproducersurplus.
15)Whichofthefollowingisaneconomicpolicythatpromotestheefficientquantityofapartments?
A)arentfloorabovetheequilibriumrent
B)arentceilingbelowtheequilibriumrent
C)asalestaximposedonrentinganapartment
D)noneoftheabove
ARegulatedHousingMarket
16)Arentceilingresultsinashortage.Asaresult,whichofthefollowingdoyouexpect?
A)Theshortagewillpersistaslongastheceilingisineffect.
B)Discriminationaslandlordschoosetheirtenants,possiblybasedonrace,age,orgender.
C)Ablackmarketforapartmentswherebyhigherrentsareobtainedthroughvariousothercharges.
D)Alloftheabovewouldbeexpected.
17)Apriceceilingsetbelowtheequilibriumprice________searchactivityand________theuseofblackmarkets.
A)increases;
increases
B)increases;
decreases
C)decreases;
D)decreases;
ARegulatedMarket
18)Theopportunitycostofbuyingagoodincludes
I.thepriceofthegood.
II.thevalueoftimespentsearchingforthegood.
A)onlyI
B)onlyII
C)bothIandII
D)neitherInorII
SearchActivity
19)Whenarentceilingisimposedinahousingmarket,theopportunitycostofhousingequalsthe
A)rent.
B)marketequilibriumrentthatwouldprevailintheabsenceofarentceiling.
C)valueofthetimeandresourcesspentsearchingplustherent.
D)consumersurplus.
20)Searchactivity________.
A)occursthereisasurplusofthegood
B)isunnecessarywhenablackmarketexists
C)increaseswhenaneffectivepriceceilingissetonagood
D)decreaseswhenaneffectivepriceceilingissetonagood
21)Arentceilingsetbelowtheequilibriumrentwill
A)increasesearchactivity.
B)decreasesearchactivity.
C)havenoeffectonsearchactivity.
D)shiftthehousingsupplycurverightward.
22)Oneconsequenceofrentceilingssetbelowtheequilibriumrentisthat
A)asurplusofhousingunitsdevelops.
B)rentersarenolongerexploitedbylandlords.
C)itmakesthelong-runhousingsupplymoreelastic.
D)searchcostsforhousingincrease.
23)Withrentcontrols,whichofthefollowingismostlikelytooccur?
A)decreasedsearchactivity
B)blackmarketactivity
C)abuildingboom
D)ahousingsurplus
BlackMarkets
24)________isanillegalactivitybetweenbuyersandsellerssometimesusedtoevadeapriceceiling.
A)Increasedsearchactivity
B)Apricefloor
C)Creatingashortage
D)Ablackmarket
25)Arentceilingresultsinashortage.Asaresult,whichofthefollowingdoyouexpect?
A)Ashortageofapplicantsfortheapartmentsavailable.
B)Discriminationastenantschoosetheirlandlords,possiblybasedonrace,age,orgender.
D)Inthelong-run,moreandmorepeoplewillwanttobecomelandlords.
26)Withrentcontrols,whatmechanismmightarisetobringaboutanequilibrium?
A)decreasedsearchcosts
B)blackmarketac
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