哈伯德英文版微观经济学练习c02

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1、Microeconomics-Testbank1(Hubbard/O'Brien)Chapter2Trade-offs,ComparativeAdvantage,andtheMarketSystem1)Scarcity:A)requirestradeoffs.B)isduetolimitedwants.C)isduetounlimitedresources.D)alloftheabove.2)Anexampleofafactorofproductionwouldbe:A)acarproducedbyanautomanufacturer.B)aworkerhiredb

2、yanautomanufacturer.C)moneyborrowedbyanautomanufacturer.D)alloftheabove.3)Theproductionpossibilitiesfrontiershows:A)thevariousproductsthatcanbeproducednowandinthefuture.B)attainablecombinationsoftwoproductsthatmaybeproducedinaparticulartimeperiodwithavailableresources.C)whatanequitable

3、distributionofproductsamongcitizenswouldbe.D)whatpeoplewanttohaveproducedinaparticulartimeperiod.4)Theattainableproductionpointsonaproductionpossibilitycurveare:A)thehorizontalandverticalintercepts.B)thepointsalongtheproductionpossibilitiesfrontier.C)thepointsoutsidetheareaenclosedbyth

4、eproductionpossibilitiesfrontier.D)thepointsalongandinsidetheproductionpossibilityfrontier.5)Theunattainablepointsvis-a-visaproductionpossibilitiesfrontierare:A)thepointswithintheproductionpossibilitiesfrontier.B)thepointsalongtheproductionpossibilitiesfrontier.C)thepointsofthehorizont

5、alandverticalintercepts.D)thepointsoutsidetheproductionpossibilitiesfrontier.RefertoFigure2.1forthequestionsbelow.Figure2.16)Infigure2.1,pointA:A)istechnicallyefficient.B)isunattainablewithcurrentresources.C)isinefficientimplyingnotallresourcesarebeingused.D)istheequilibrium.7)Infigure

6、2.1,pointB:A)istechnicallyefficient.B)isunattainablewithcurrentresources.C)isinefficientimplyingnotallresourcesarebeingused.D)istheequilibrium.8)Infigure2.1,pointC:A)istechnicallyefficient.B)isunattainablewithcurrentresources.C)isinefficientimplyingnotallresourcesarebeingused.D)istheeq

7、uilibrium.9)Onaproductionpossibilitiesfrontier,acombinationofoutputthatisinsidethefrontieris:A)allocativelyefficient.B)productivelyefficientC)allocativelyinefficient.D)productivelyinefficient.10)Assumedwithaproductionpossibilitiesfrontieristhat:A)onlytwoproductsareproduced.B)resource