经济学原理对应练习 10.docVIP

Chapter 10 Externalities Multiple Choice 1. In a market economy, government intervention a. will always improve market outcomes. b. reduces efficiency in the presence of externalities. c. may improve market outcomes in the presence of externalities. d. is necessary to control individual greed. ANS: C PTS: 1 DIF: 1 REF: 10-0 TOP: Externalities MSC: Applicative 2. In the absence of externalities, the invisible hand leads a market to maximize a. producer profit from that market. b. total benefit to society from that market. c. both equity and efficiency in that market. d. output of goods or services in that market. ANS: B PTS: 1 DIF: 1 REF: 10-0 TOP: Externalities MSC: Applicative 3. One advantage market economies have over other types of economies is that market economies a. provide an equal distribution of goods and services to consumers. b. establish government economic control. c. solve the problem of scarcity. d. are more efficient. ANS: D PTS: 1 DIF: 1 REF: 10-0 TOP: Externalities MSC: Applicative 4. The term market failure refers to a. a market that fails to allocate resources efficiently. b. an unsuccessful advertising campaign which reduces demand. c. ruthless competition among firms. d. a firm that is forced out of business because of losses. ANS: A PTS: 1 DIF: 1 REF: 10-0 TOP: Externalities MSC: Definitional 5. Market failure can be caused by a. too much competition. b. externalities. c. low consumer demand. d. scarcity. ANS: B PTS: 1 DIF: 1 REF: 10-0 TOP: Externalities MSC: Interpretive 6. An externality is the impact of a. societys decisions on the well-being of society. b. a persons actions on that persons well-being. c. one persons actions on the well-being of a bystander. d. societys decisions on the poorest person in the society. ANS: C PTS: 1 DIF: 1 REF: 10-0 TOP: Externalities MSC: Definitional 7. The impact of one persons actions on the well-being of a bystander is called a. an economic dilemma. b. deadweight loss. c. a multi-party problem.