AP微观经济学习题Quiz.docx

AP微观经济学习题Quiz

1.Scarcityiscorrectlydescribedbywhichofthefollowingstatements?

I.Scarcityexistsiftherearemoreusesforresourcesthancanbesatisfiedatonetime.

II.Scarcityexistsifdecisionsmustbemadeaboutalternativeusesforresources.

III.Scarcitywouldnotexistinasocietyinwhichpeoplewantedtohelpothersinsteadofthemselves.

A.Ionly

B.IIonly

C.IIIonly

D.IandIIonly

E.I,II,andIII

2.ThediagrambelowshowstheproductionpossibilitiescurveforCountryY.Whichofthefollowingstatementsistrue?

A.IfCountryYisproducingatpointC,itisusingallitsresourcesefficiently.

B.Theopportunitycostofproducingmoremachinesisconstant.

C.ProducingatpointCisthemostpreferable,becausebutterisanondurablegood.

D.CountryYcannotproduceatpoint

E.

E.Theeconomyisnotproducingatitspotential,sinceitisnotproducingatpointD.

3.Individualsinanysocietymustmakechoicesregardingthetypesofgoodsandservicestobeproducedbecause

A.freemarketsdonotalwaysallocateresourcesefficiently

B.freemarketsonlysatisfythedemandsofpayingconsumers

C.opportunitycostsincreaseasmoreofagoodorserviceisproduced

D.resourcesarescarceandhumanwantsareunlimited

E.resourcesmustbeallocatedforthebenefitoftheentiresociety

4.Ifacertaincombinationofgoodsorservicesliesoutsidetheproductionpossibilitiescurveofaneconomy,whichofthefollowingistrue?

A.Effectivetradebarriershavereducedforeignimportsintotheeconomy.

B.Newtechnologyisbeingusedinproduction.

C.Resourcesarenotavailabletoachievethatcombinationofgoodsorservices.

D.Resourcesarenotbeingusedefficientlytoachievethatcombinationofgoodsorservices.

E.Resourcesarebeingusedatamorerapidratethantheywereinthepast.

5.Theconceptofopportunitycostwouldnolongerberelevantif

A.povertyinaneconomynolongerexisted

B.thesupplyofallresources