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1、GrundzügederVolkswirtschaftslehre,Midterm29.11.04VERSION1mitAntwortenPAGE11.Acountry'sconsumptionpossibilitiesfrontiercanbeoutsideitsproductionpossibilitiesfrontiera.withtrade.b.byproducingagreatervarietyofgoodsandservices.c.byloweringunemploymentinthecountry.d.byallocatingresour
2、cesdifferently.2.Supposeconsumerincomeincreases.Ifswimsuitsarenormalgoods,theequilibriumpriceofswimsuitswill__________,andproducersurplusintheswimsuitindustrywill__________.a.decrease,decreaseb.decrease,increasec.increase,decreased.increase,increase3.Alegalminimumpriceatwhichagoo
3、dcanbesoldisaa.priceceiling.b.pricecut.c.pricefloor.d.pricestabilization.ThesefiguresillustratetheproductionpossibilitiesavailabletoTomandNicolewith40hoursoflabor.4.Refertothegraphsgiven.IfTomandNicolebothspecializeinthegoodinwhichtheyhaveacomparativeadvantage,totalproductionofbo
4、okswillbe__________andtotalproductionofvideoswillbe__________.a.40,4b.42,9c.9,42d.4,40GrundzügederVolkswirtschaftslehre,Midterm29.11.04VERSION1PAGE25.Inthegraphshown,thesectionofthedemandcurvelabeledCrepresentsa.theelasticsectionofthedemandcurve.b.theinelasticsectionofthedemandcu
5、rve.c.theunitelasticsectionofthedemandcurve.d.theperfectlyelasticsectionofthedemandcurve.6.Thedemandforagoodtendstobemoreelastica.thelongertheperiodoftime.b.thegreatertheavailabilityofclosesubstitutes.c.thenarrowerthedefinitionofthemarket.d.Alloftheabovearecorrect.Thistablerefers
6、tofivepossiblebuyers'willingnesstopayforGoodZ.BuyerWillingnesstoPayCassie$8.50Jamie7.00John5.50Jeremy4.00Sarah3.507.Refertothetableshown.WhichofthefollowingisNOTtrue?a.Thedemandschedulerepresentedbythetableshowsthewillingnesstopayofthemarginalbuyer.b.Atapriceof$4.00,totalconsumer
7、surplusinthemarketwillbe$9.00.c.ThetableisthedemandscheduleforGoodZ.d.Whenthepriceis$3.50,eachpersonwouldhaveapositiveconsumersurplus.GrundzügederVolkswirtschaftslehre,Midterm29.11.04VERSION1PAGE38.Accordingtothegraph,thepricebuyerswillpayafterthetaxisimposedisa.$8.00.b.$6.00.c.$
8、5.00.d.$3.50.9.Accordingtothegraphshown,
