01 ten princeiple

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1、Chapter1TenPrinciplesofEconomicsMULTIPLECHOICE1.ThewordthatcomesfromtheGreekwordfor“onewhomanagesahousehold”isa.market.b.consumer.c.producer.d.economy.ANSWER:d.economy.TYPE:MSECTION:1DIFFICULTY:12.ThewordeconomycomesfromtheGreekwordfora.“environment.”b.“onewhomanagesaho

2、usehold.”c.“onewhoparticipatesinamarket.”d.“conservation.”ANSWER:b.“onewhomanagesahousehold.”TYPE:MSECTION:1DIFFICULTY:13.HouseholdsandeconomieshaveeachofthefollowingincommonEXCEPTbotha.mustallocatescarceresources.b.facemanydecisions.c.mustallocatethegoodsandservicesthe

3、yproduce.d.musthaveacentraldecisionmaker.ANSWER:d.musthaveacentraldecisionmaker.TYPE:MSECTION:1DIFFICULTY:24.Economicsdealsprimarilywiththeconceptofa.scarcity.b.poverty.c.change.d.power.ANSWER:a.scarcity.TYPE:MSECTION:1DIFFICULTY:15.WhichofthefollowingisNOTincludedinthe

4、decisionsthateverysocietymustmake?a.whatgoodswillbeproducedb.whowillproducegoodsc.whatdeterminesconsumerpreferencesd.whowillconsumethegoodsANSWER:c.whatdeterminesconsumerpreferencesTYPE:MSECTION:1DIFFICULTY:26.Bothhouseholdsandsocietiesfacemanydecisionsbecausea.resource

5、sarescarce.b.populationsmayincreaseordecreaseovertime.c.wagesforhouseholdsandthereforesocietyfluctuatewithbusinesscycles.d.people,bynature,tendtodisagree.ANSWER:a.resourcesarescarce.TYPE:MSECTION:1DIFFICULTY:212Chapter1/TenPrinciplesofEconomics7.Agoodisconsideredscarce

6、inasocietywhena.moreoutputofthegoodispossible.b.everyoneinthatsocietycannothavealltheywantofthegood.c.thegovernmentrestrictsproductionofthegood.d.onlytherichestpeopleintheeconomycanbuyalltheywantofthegood.ANSWER:b.everyoneinthatsocietycannothavealltheywantofthegood.TYPE

7、:MSECTION:1DIFFICULTY:28.Scarcityexistswhena.thereislessthananinfiniteamountofaresourceorgood.b.societycanmeetthewantsofeveryindividual.c.thereislessofagoodorresourceavailablethanpeoplewishtohave.d.thegovernmentfailstoproducegoods.ANSWER:c.thereislessofagoodorresourceav

8、ailablethanpeoplewishtohave.TYPE:MSECTION:1DIFFICULTY:29.WhichofthefollowingwouldNOTbetrueinaworldwithoutscarc