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1、1. Whichofthefollowingisnotareasonpeoplechoosetodependonothersforgoodsandservices? a. toimprovetheirlives b. toallowthemtoenjoyagreatervarietyofgoodsandservices c. toconsumemoreofeachgoodwithoutworkinganymorehours d. toallowpeopletoproduceoutsidetheirproduction
3、ocountriesgainfromtradingtwogoods? a. whenthefirstcountrycanonlyproducethefirstgoodandthesecondcountrycanonlyproducethesecondgood b. whenthefirstcountrycanproducebothgoods,butcanonlyproducethesecondgoodatgreatcost,andthesecondcountrycanproducebothgoods,butcanon
4、lyproducethefirstgoodatgreatcost c. whenthefirstcountryisbetteratproducingbothgoodsandthesecondcountryisworseatproducingbothgoods d. Twocountriescouldgainfromtradingtwogoodsunderalloftheaboveconditions.ANSWER: dDIFFICULTY: ModerateLEARNING OBJECTIVES: ECON.M
6、tTomisbetteratproducingbothgoods.Inthiscase,tradecould a. benefitbothSteveandTom. b. benefitSteve,butnotTom. c. benefitTom,butnotSteve. d. benefitneitherStevenorTom.ANSWER: aDIFFICULTY: ModerateLEARNING OBJECTIVES: ECON.MANK.089-Evaluatethepotentialgainsfrom
8、iaandAndrewtobenefitfromtrade? a. OliviacannotgrowcornandAndrewcannotbakecakes. b. OliviaisbetterthanAndrewatbakingcakesandAndrewisbetterthanOliviaatgrowingcorn.CopyrightCen