1、Name: Class: Date: Chapter1-TenPrinciplesofEconomics1. WhichwordcomesfromtheGreekwordfor“onewhomanagesahousehold”? a. market b. consumer c. producer d. economyANSWER: d2. Fromwhichofthefollowingistheword“economy”derived? a. environment b. onewhomanagesahousehold c.
2、onewhoparticipatesinamarket d. allocationANSWER: b3. Whatdohouseholdsandeconomieshaveincommon? a. Theybothmustallocatescarceresources. b. Theybothfacedifficultiessavingmoney. c. Theybothmustsellthegoodsandservicestheyproduce. d. Theybothmusthaveacentraldecisionmaker.A
3、NSWER: a4. Whatconceptdoeseconomicsprimarilydealwith? a. scarcity b. poverty c. change d. powerANSWER: a5. WhatisNOTincludedinthedecisionsthateverysocietymustmake? a. whatgoodswillbeproduced b. whowillproducethegoods c. whatdeterminesconsumerpreferences d. whowillcon
4、sumethegoodsANSWER: c6. Whydobothhouseholdsandsocietiesfacemanydecisions? a. Resourcesarescarce. b. Populationsmayfluctuateovertime. c. Wagesforhouseholdsandthereforesocietyfluctuatewithbusinesscycles. d. People,bynature,tendtodisagree.ANSWER: a7. Whenisagoodconsider
5、edscarceinasociety? a. whenmoreoutputofthegoodispossibleCopyrightCengageLearning.PoweredbyCognero.Page 37Name: Class: Date: Chapter1-TenPrinciplesofEconomics b. wheneveryoneinthatsocietycannothavealltheywantofthegood c. whenthegovernmentrestrictsproductionofthegood d
6、. whenonlytherichestpeopleintheeconomycanbuyalltheywantofthegoodANSWER: b8. Whendoesscarcityexist? a. whenthereislessthananinfiniteamountofaresourceorgood b. whensocietycanmeetthewantsofeveryindividual c. whenthereislessofagoodorresourceavailablethanpeoplewishtohave d
7、. whenthegovernmentfailstoproducegoodsANSWER: c9. Howaregoodsandservicesallocatedinamarketeconomy? a. bygovernmentdecisions b. bygivingeachindividualjustenoughforadecentstandardofliving c. bytheactionsofallfirmsandconsumers d. byinheritedrightsandpropertiesANSWER: c1
8、0. Approximatelywhatpercentageoftheworld’seconomiesexperiencescarcity? a. 25 b. 50 c. 75 d. 100ANSWER: d11. Whatisan
