微观经济学题库 英文版.doc

Microeconomics, 10e (Parkin) Chapter 18 Markets for Factors of Production 1 The Anatomy of Factor Markets 1) Which of the following groups lists the four factors of production? A) labor, capital, land, entrepreneurship B) labor, capital, land, money C) labor, money, land, entrepreneurship D) labor, capital, money, entrepreneurship Answer: A Topic: Factors of Production Skill: Recognition Question history: Previous edition, Chapter 18 AACSB: Reflective Thinking 2) Profit is the factor price for ________ . A) capital B) land C) entrepreneurship D) labor Answer: C Topic: Factor Prices and Incomes Skill: Recognition Question history: Previous edition, Chapter 18 AACSB: Reflective Thinking 3) Coal is an example of A) a nonrenewable natural resource. B) a renewable natural resource. C) capital. D) a casual resource. Answer: A Topic: Study Guide Question, Nonrenewable Natural Resource Skill: Conceptual Question history: Previous edition, Chapter 18 AACSB: Reflective Thinking 4) Water from the Mississippi river is an example of A) a nonrenewable natural resource. B) a renewable natural resource. C) capital. D) static resource. Answer: B Topic: Study Guide Question, Nonrenewable Natural Resource Skill: Conceptual Question history: Previous edition, Chapter 18 AACSB: Reflective Thinking 2 The Demand for a Factor of Production 1) The demand for a productive resource, not for its own sake, but for use in the production of goods and services is called a ________. A) goods and services demand B) production demand C) derived demand D) resource demand Answer: C Topic: Derived Demand Skill: Recognition Question history: Previous edition, Chapter 18 AACSB: Reflective Thinking 2) The demand for factor is driven by the demand for goods and services produced by that factor of production. This phenomenon is referred to as A) elastic demand. B) joint demand. C) inverse demand. D) derived demand. Answer: D Topic: Derived Demand Skill: Recognition Question hi