下载文档原格式
经济学原理复习题
1. You have $100 in savings. You could earn four percent interest if you put the $100 in a bank savings account for
a year. What is your opportunity cost if you put the $100 under the pillow of your bed instead? B
A) $0.00. B) $4.00. C) $100.00. D) $104.00.
2.________ focuses on the prices of individual goods and services and _______ focuses on the rate of inflation.
A) Microeconomics; macroeconomics B) Macroeconomics; microeconomics A
C) Microeconomics; microeconomics D) Macroeconomics; macroeconomics
3.Refer to Table 1. Matthew’s opportunity cost of designing one Web site is C
A)1/5 of a brochure. B) 4 brochures. C) 5 brochures. D) 10 brochures.
4.Refer to Tab le 1. Andrew’s opportunity cost of designing one Web site is C
A) 1/4 of a brochure. B) 2 brochures. C) 4 brochures. D) 8 brochures.
5. Refer to Table 1. _______has a comparative advantage in ________brochures. D
A) Matthew; both Web site design and in B) Andrew; both Web site design and in
C) Matthew; Web site design and Andrew has a comparative advantage in
D) Andrew; Web site design and Matthew has a comparative advantage in
6.Refer to Table 1. To maximize total production, B
A) Matthew should specialize in Web site design and Andrew should specialize in brochures.
B) Andrew should specialize in Web site design and Matthew should specialize in making brochures.
C) Matthew and Andrew should both split their time between making brochures and Web site design.
D) Matthew should make brochures and design Web sites, but Andrew should only make brochures.
7.Refer to Table 1. Andrew’s opportunity cost of designing four Web sites is __________ brochures forgone. B
A) 8 B) 16 C) 20 D) an indeterminate number of
8.Refer to Table 1. Matthew’s opportunity cost of designing three Web sites is __________ brochures foregone.
A)12 B)13 C)15 D)20 C
9.Refer to Figure 1. The economy is currently at Point A. The opportunity cost of moving from Point A to Point B is the ______ desktop computers that must be forgone to produce _______ additional laptop computers. D
A) 60; 10 B) 20; 30 C) 80; 20D) 20; 10
10.Refer to Figure 1. The marginal rate of transformation in moving from Point A to Point B is B
A) 5. B) -2. C) -2.8. D) -4.
11.Refer to Figure 1. For this economy to move from Point B to Point C so that an additional 10 laptop computers could be produced, production of desktop computers would have to be reduced by C
A) exactly 20. B) fewer than 20. C) more than 20. D) exactly 40.
12.Refer to Figure 1. The best point for society would be D
A) Point C, as at this point there are approximately equal amounts of desktop and laptop computers being produced.
