经济学资料（英文版）ch01.docVIP

CHAPTER 1 1. Choices must be made in the use of resources because they are in finite supply. because they are in finite demand. only if the resources are nonrenewable. because they are in infinite supply. ANSWER: a because they are in finite supply. TYPE: M KEY1: D SECTION: 1 OBJECTIVE: 1 RANDOM: Y 2. The cost to an airline of letting its employees fly at no charge is zero. will depend on the value employees place upon travel. is greater during the Christmas holidays than most other times. depends on the alternatives open to the employees. ANSWER: C is greater during the Christmas holidays than most other times. TYPE: M KEY1: C SECTION: 1 OBJECTIVE: 2 RANDOM: Y 3. Social security programs are aimed at making the distribution of resources in an economy more efficient. inefficient. equitable. inequitable. ANSWER: c equitable TYPE: M KEY1: C SECTION: 1 OBJECTIVE: 2 RANDOM: Y 4. The opportunity cost of building an additional parking lot at your school is the cost of concrete, labor, etc. used to build the lot. the value of the property and resources used at their next best alternative use. the value of the property and resources used at all of their alternative uses. infinite, and so we cannot estimate it. ANSWER: b the value of the property and resources used at their next best alternative use. TYPE: M KEY1: C SECTION: 1 OBJECTIVE: 3 RANDOM: Y 5. Suppose you are considering going to the movies, and you place a $12 value on your anticipated enjoyment of the movie. “The ticket price is $6 and you would be giving up two hours of work, where you earn $5 per hour. You would go to work; the opportunity cost of the movies exceeds the expected benefit. the movies; your incentive is the $6 excess expected benefit. the movies; your enjoyment will exceed the lost wages by $2. the movies; the benefit of $18 exceeds the lost wages. ANSWER: a work; the opportunity cost of the movies exceeds the expected benefit. TYPE: M KEY1: C SECTION: 1 OBJECTIVE: 3 RANDOM: Y 6. Metr