经济学Chapter1练习（学生版）.docxVIP

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Chapter1TheChallengesofEconomics

I.Definethefollowingterms.

1.Opportunitycost—

2.Entrepreneurship—

3.Laissezfaire—

4.Marketfailure—

5.Externality—

6.Scarcity—

7.Economics—

8.Factorsofproduction—

9.Productionpossibilities—

10.MarketMechanism—

11.MixedEconomy—

12.CeterisParibus—

II.Choosethemostappropriateanswerforeachquestion.

1.Theprimaryconcernofeconomicsisthestudyof______?

A.whyhumanwantsexistandwhatmotivatesthem.

B.howtodistributegoodsandservicesaccordingtohumanneeds.

C.howbesttoallocatescarceresourcesamongcompetinguses.

D.themeasurementofpoliticalpowerinaneconomy.

2.Theopportunitycostofplayingtenniswithyourfriendis_____

A.negativesinceitsgoodexercise.

B.zerosinceyoualreadyownthetennisracketandplayonapubliccourt.

C.thenext-bestalternativeuseofyourtimethatisforgone.

D.thecostofthetennislessonsyoutooklastyear.

3.Therewouldbenoreasonforstudentstostudytheconceptofopportunitycostsif:?

A.Themarketmechanismfunctionedtoallocateresources.

B.Thegovernmentallocatedresources.

C.Theproductionpossibilitiescurvebowedoutward.

D.Resourceswerenolongerscarce.

4.Whichofthefollowingistrueaboutthefactorsofproduction??

A.Thephysicallimitsofproductionaredeterminedbyallofthefactorsofproductionandtechnology.

B.Richcountrieshaveanunlimitedquantityoffactors.

C.Thefactorsincludenaturalresourcesbutnotskilledlabor.

D.Somefactorsarescarcebutotherfactorsarenot.

5.SocietiesmustaddressthequestionofWHATtoproducebecause:?

A.Wecantproduceallthegoodsandserviceswewant.

B.Theamountofmoneyinaneconomyislimited.

C.Wearewastefulanduseresourcesinefficiently.

D.Oureconomyexperiencesmarketfailures.

6.WhichofthefollowingisthebestexampleoftheWHATeconomicquestion??

A.Istheproductionprocessusinganefficien