MICROECONOMICS1990(微观经济试题).pdf

MICROECONOMICS1990(微观经济试题)--第1页 MICROECONOMICS1990 (微观经济试题) -CAL-FENGHAI-(2020YEAR-YICAI)_JINGBIAN MICROECONOMICS1990(微观经济试题)--第1页 MICROECONOMICS1990(微观经济试题)--第2页 MICROECONOMICS Section I Time—60 minutes 50 Questions Directions: Each of the questions or incomplete statements below is followed by five su ested 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? I. How to allocate scarce resources among unlimited wants II. How to decentralize markets III. How to decide what to produce, how to produce, and for whom to produce IV. 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