microeconomics1990(微观经济试题).docVIP

1990 AP Microeconomics Examination PAGE PAGE 9 MICROECONOMICS Section I Time—60 minutes 50 Questions Directions: Each of the questions or incomplete statements below is followed by five suggested answers or completions. Select the one that is best in each case and place the letter of your choice in the corresponding box on the student answer sheet. 1. Problems faced by all economic systems include which of the following? How to allocate scarce resources among unlimited wants How to decentralize markets How to decide what to produce, how to produce, and for whom to produce How to set government production quotas A. Ⅰonly B. Ⅰand Ⅲ only C. Ⅱand Ⅲ only D. Ⅰ, Ⅱ, and Ⅲ only E. Ⅰ, Ⅱ, Ⅲ, and Ⅳ only 2. Which of the following would necessarily cause a fall in the price of a product? A. An increase in population and a decrease in the price of an input B. An increase in population and a decrease in the number of firms producing the product C. An increase in average income and an improvement in production technology D. A decrease in the price of a substitute product and an improvement in production technology E. A decrease in the price of a substitute product and an increase in the price of an input 3. The market equilibrium price of home heating oil is $1.50 per gallon. If a price ceiling of $1.00 per gallon is imposed, which of the following will occur in the market for home heating oil? Quantity supplied will increase. Quantity demanded will increase. Quantity supplied will decrease. Quantity demanded will decrease. A. Ⅱonly B. Ⅰand Ⅱ only C. Ⅰand Ⅳ only D. Ⅱ and Ⅲ only E. Ⅲ and Ⅳ only 4. Suppose that a family buys all its clothing from a discount store and treats these items as inferior goods. Under such circumstances, this family’s consumption of discount store clothing will necessarily A. increase when a family member wins the state lottery B. increase when a family member gets a raise in pay at work C. remain unchanged when its income rises or falls due to events beyo