2012-2013春季学期微观经济学复习题2012-2013春季学期微观经济学复习题.doc

选择题 1. The concept that goods produced abroad and sold domestically is called a. Export b. Investment c. import d. Trade 2. The basic question which economics studies is a. how to produce b. What to produce c. produce for whom d. All of the above are correct 3. Which of the following choice is not the opportunity cost for having a vacation? a. train ticket b. earnings if you work c. expense for food d. time 4. In a perfectly competitive market: a. there is only a seller and a buyer b. there are many sellers, but only a buyer c. There is only a seller, but many buyers d. There are many sellers and buyers 5. Suppose shoes and socks are complements, then if the price of shoes raise, demand of the socks will a. increase b. reduce c. Not change d. it’s hard to judge 6. Which of the following condition need to face tradeoffs? a. Watching TV b. Going to work c. Going shopping d. All of the above are correct 7. Suppose both US and China produce cars toys, based on the following form, which country has a comparative advantage in producing cars and which country has a comparative advantage in producing toys? 1 car 1 toy US 100 hours of labor 5 hours of labor China 125 hours of labor 1 hours of labor a.US, US b. US, China c. China, US d. China, China 8. According to the law of supply, when the price of a good rises a. The demand of the good reduce b. The supply of the good increase c. The demand of the good increase d. The supply of the good reduce 9. Which of the following incidents will shift Demand curve of milk to the right? a. the price of milk rises b. people have more preference on milk c. the price of milk fall d. there is a disease happened on cows 10. If the price of a good is lower than its equilibrium price then: a. there is a surplus and the price will go up b. there is a surplus and the price will go down c. there is a shortage and the price will go up d. there is a shortage and the price will go down 11. A binding pric