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时间:2019-08-09
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1、Chapter4/TheMarketForcesofSupplyandDemandv167Chapter4TheMarketForcesofSupplyandDemandMultipleChoice1.Theforcesthatmakemarketeconomiesworkarea.workandleisure.b.demandandsupply.c.regulationandrestraint.d.taxesandgovernmentspending.ANS:BPTS:1DIF:1REF:4-0TOP:MarketeconomyMSC:Interpretive2.Whichofth
2、efollowingarethewordsmostcommonlyusedbyeconomists?a.surplusandshortageb.resourcesandallocationc.supplyanddemandd.theoryandpracticeANS:CPTS:1DIF:1REF:4-0TOP:EconomistsMSC:Interpretive3.Inamarketeconomy,a.supplydeterminesdemandand,inturn,demanddeterminesprices.b.demanddeterminessupplyand,inturn,s
3、upplydeterminesprices.c.theallocationofscarceresourcesdeterminespricesand,inturn,pricesdeterminesupplyanddemand.d.supplyanddemanddeterminepricesand,inturn,pricesallocatescarceresources.ANS:DPTS:1DIF:2REF:4-0TOP:MarketeconomyMSC:Interpretive4.Inamarketeconomy,supplyanddemandareimportantbecauseth
4、eya.playacriticalroleintheallocationoftheeconomy’sscarceresources.b.determinehowmuchofeachgoodgetsproduced.c.canbeusedtopredicttheimpactontheeconomyofvariouseventsandpolicies.d.Alloftheabovearecorrect.ANS:DPTS:1DIF:1REF:4-0TOP:MarketeconomyMSC:Interpretive5.Amarketisaa.groupofbuyersandsellersof
5、aparticulargoodorservice.b.groupofpeoplewithcommoneconomiccharacteristics.c.placewherebuyersandsellerscometogethertoengageintrade.d.placewhereanauctioneerhelpssetpricesandarrangesales.ANS:APTS:1DIF:1REF:4-1TOP:MarketsMSC:Definitional6.Foramarketforagoodorservicetoexist,a.theremustbeagroupofbuye
6、rsandsellers.b.theremustbeaspecifictimeandplaceatwhichthegoodorserviceistraded.c.thepriceofthegoodmustbedeterminedbythesellers.d.Alloftheabovearecorrect.ANS:APTS:1DIF:1REF:4-1TOP:Market(sMSC:Definitional7.Thetermmarketalwaysreferstoa.anarrangementinwhichbuyersandsellersmeetataspecifictimeandpla
7、ce.b.anarrangementinwhichanauctioneerplaysatleastalimitedroleinsettingprices.c.agroupofbuyersandsellersofaparticulargoodorservice.d.Alloftheabovearecorrect.ANS:CPTS:1DIF:1REF:4-1TOP:MarketsMSC:DefinitionalChapter4/TheMarketForceso
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