经济学英文版题库及答案.docVIP

经济学英文版题库及答案

一、单项选择题（每题2分，共10题）

1.Whichofthefollowingismostlikelytobeavariablecost?

A.Rentonafactorybuilding

B.Interestpaymentsonborrowedfunds

C.Wagespaidtofactoryworkers

D.Propertytaxesonthefactory

2.Intheshortrun,afirmwillshutdownif:

A.Totalrevenueislessthantotalcost

B.Totalrevenueislessthanfixedcost

C.Totalrevenueislessthanvariablecost

D.Marginalrevenueislessthanmarginalcost

3.Thelawofdemandstatesthat,otherthingsequal:

A.Asthepriceincreases,thequantitydemandedwillincrease

B.Asthepricedecreases,thequantitydemandedwillincrease

C.Asincomeincreases,thequantitydemandedwillincrease

D.Asincomedecreases,thequantitydemandedwillincrease

4.Ifthecross-priceelasticityofdemandbetweentwogoodsisnegative,thetwogoodsare:

A.Substitutes

B.Complements

C.Normalgoods

D.Inferiorgoods

5.Amonopolistmaximizesprofitbyproducingatthelevelofoutputwhere:

A.Marginalrevenueequalsmarginalcost

B.Totalrevenueequalstotalcost

C.Priceequalsmarginalcost

D.Priceequalsaveragetotalcost

6.Whichofthefollowingisacharacteristicofaperfectlycompetitivemarket?

A.Firmsfacedownward-slopingdemandcurves

B.Therearesignificantbarrierstoentry

C.Firmsproduceidenticalproducts

D.Firmsengageinstrategicbehavior

7.Themarginalpropensitytoconsume(MPC)isdefinedas:

A.Thechangeinconsumptiondividedbythechangeinincome

B.Thechangeinincomedividedbythechangeinconsumption

C.Consumptiondividedbyincome

D.Incomedividedbyconsumption

8.Whenthegovernmentrunsabudgetdeficit,it:

A.Savesless

B.Investsmore

C.Borrowsfunds

D.Lendsfunds

9.ThePhillipscurveshowstherelationshipbetween:

A.Unemploymentandinflation

B.Outputandunemployment

C.Inflationandinterestrates

D.Outputandinflation

10.Whichofthefollowingpoliciesismostlikelytoincreaseaggregatedemand?

A.Adecreasei