曼昆《经济学原理》（微观）第五版测试题库 (22).docVIP

PAGE 1486 ? Chapter 22/Frontiers of Microeconomics Chapter 22/Frontiers of Microeconomics ? PAGE 1501 PAGE 1485 Chapter 22 Frontiers of Microeconomics TRUE/FALSE 1. The science of economics is a finished jewel, perfect and unchanging. ANS: F DIF: 1 REF: 22-0 NAT: Analytic LOC: The Study of economics, and definitions in economics TOP: economics MSC: Definitional 2. In economics, a difference in access to relevant knowledge is called a behavioral asymmetry. ANS: F DIF: 1 REF: 22-1 NAT: Analytic LOC: The Study of economics, and definitions in economics TOP: Asymmetric information MSC: Definitional 3. Informational asymmetry may apply to a hidden action or hidden characteristic where the informed party may be reluctant to reveal relevant information. ANS: T DIF: 2 REF: 22-1 NAT: Analytic LOC: Understanding and applying economic models TOP: Asymmetric information MSC: Applicative 4. An example of asymmetric information is when a seller of a house knows more than the buyer about the house’s condition. ANS: T DIF: 2 REF: 22-1 NAT: Analytic LOC: Understanding and applying economic models TOP: Asymmetric information MSC: Applicative 5. Economists have found that asymmetric information is not very prevalent. ANS: F DIF: 2 REF: 22-1 NAT: Analytic LOC: The Study of economics, and definitions in economics TOP: Asymmetric information MSC: Interpretive 6. An example of an information asymmetry is when a worker knows more than his employer about his work effort. ANS: T DIF: 1 REF: 22-1 NAT: Analytic LOC: Understanding and applying economic models TOP: Asymmetric information MSC: Interpretive 7. The criminal actions of the top managers of corporations such as Enron, Tyco, WorldCom, and Adelphia are an example of moral hazard. ANS: T DIF: 2 REF: 22-1 NAT: Analytic LOC: Understanding and applying economic models TOP: Moral hazard MSC: Applicative 8. The problem of moral hazard is a problem of hidden action. ANS: T DIF: 1 REF: 22-1 NAT: Analytic LOC: Understanding and ap