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1、Chapter4Th^MarkedForce^fSuggl^ndHDemandTRUE/FALSE1.Pricesallocateamarketeconomy^scarceresources・ANS:TDIF:1REF:4-0NAT:AnalyticLOC:Markets,marketfailure,andexternalitiesTOP:MarketeconomiesMSC:Definitional2.Inamarketeconomy,supplyanddemanddetermineboththequantityofeachgood
2、producedandthepriceatwhichitissold.ANS:TDIF:1REF:4-0NAT:AnalyticLOC:Markets,marketfailure,andexternalitiesTOP:MarketeconomicsMSC:Definitional3.Amarketisagroupofbuyersandsellersofaparticulargoodorservice.ANS:TDIF:1REF:4-1NAT:AnalyticLOC:Markets,marketfailure,andexternali
3、tiesTOP:MarketsMSC:Definitional4.Sellersasagroupdeterminethedemandforaproduct,andbuyersasagroupdeterminethesupplyofaproduct.ANS:FDIF:1REF:4-1NAT:AnalyticLOC:SupplyanddemandTOP:Demand
4、SupplyMSC:Definitional5.Ayardsaleisanexampleofamarket.ANS:TDIF:2REF:4-1NAT:AnalyticLOC:
5、Markets,marketfailure,andexternalitiesTOP:MarketsMSC:Applicative6.Anewspaper'sclassifiedadsareanexampleofamarket.ANS:TDIF:2REF:4-1NAT:AnalyticLOC:Markets,marketfailure,andexternalitiesTOP:MarketsMSC:Applicative7.Mostmarketsintheeconomyarchighlycompetitive.ANS:TDIF:1REF:
6、4-1NAT:AnalyticLOC:Markets,marketfailure,andexternalitiesTOP:MarketsMSC:Definitional&Inacompetitivemarket,thequantityofeachgoodproducedandthepriceatwhichitissoldarenotdeterminedbyanysinglebuyerorseller.ANS:TDIF:1REF:4-1NAT:AnalyticLOC:Markets,marketfailure,andexternalit
7、iesTOP:CompetitivemarketsMSC:Definitional9.Inacompetitivemarket,therearesofewbuyersandsofewsellersthateachhasasignificantimpactonthemarketprice.ANS:FDIF:1REF:4-1NAT:AnalyticLOC:Markets,marketfailure,andexternalitiesTOP:CompetitivemarketsMSC:Definitional10.Inaperfectlyco
8、mpetitivemarket,thegoodsofferedforsaleareallexactlythesame.11・Inaperfectlycompetitivemarket,buyersandsellersarepricesetters・ANS:FDIF:1REF:4-1NAT:AnalyticLOC:PerfectcompetitionTOP:PerfectcompetitionMSC:Definitional12.Allgoodsandservicesaresoldinperfectlycompetitivemarket
9、s.ANS:FDIF:1REF:4-1NAT:AnalyticLOC:PerfectcompetitionTOP:PerfectcompetitionMSC:Definitional13.Ifagoodorservice
