管理经济学习题(全套)已标识答案.doc

Microeconomics - Testbank 1 (Hubbard/OBrien) Chapter 1 Economics: Foundations and Models 1) The study of economics arises due to: A) money. B) scarcity. C) greed. D) resources. 2) Scarcity: A) is due to unlimited wants and limited resources. B) is not a problem for the wealthy. C) is only a problem when a country has too large a population. D) all of the above. 3) The basic economic problem of scarcity: A) has always existed and will continue to exist. B) will eventually disappear as technology continues to advance. C) is a problem only in developing economies. D) does not create any problems for the wealthy in society. 4) Economics is the study of: A) how to make money in the stock market. B) how to make money in a market economy. C) the choices people make to attain their goals, given their scarce resources. D) supply and demand. 5) Economists assume that: A) humans behave randomly. B) humans are greedy and selfish. C) humans prefer to live in a society that values fairness above all else. D) humans are rational and respond to incentives. 6) People make optimal decisions: A) according to their whims and emotions at the moment. B) in consistently irrational ways. C) at the margin. D) randomly. 7) If the marginal costs of a TV are $200, the firm should produce and sell this TV: A) when marginal benefits are rising above $200. B) until marginal benefits just equal $200. C) until marginal costs start rising. D) until marginal benefits reach zero. 8) Which of the following is an example of people or firms responding to incentives? A) Car owners purchasing more gasoline from a gas station that sells gasoline at ten cents a gallon lower than does a rival. B) Banks not taking steps to increase security when it is less costly to allow some bank robberies than to install more costly security. C) Firms producing more of a DVD that cost less than