微观经济学综合期末练习.pdf

一、 TrueorFalse 1. According to the Law of Comparative Advantage, individuals and economies should specialize in producing those goods and services in which they have a comparativeadvantage.( ) 2. IfMUx/Px islessthan MUy/Py,then autility-maximizing consumer theconsumer shouldconsumemoreX andlessY.( ) 3. If there are two goods with positive prices and the price of one good is reduced, while income and other prices remain constant, then the size of the budget set is reduced.( ) 4. Just as in the theory of utility maximizing consumers, the theory of profit maximi