微观经济学(帕金11版)课后习题解答：chapter 2 The Economic Problem

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1、Economics, 11e, Global Edition (Parkin) Chapter 2 The Economic Problem1 Production Possibilities and Opportunity Cost1) The production possibilities frontier is the boundary betweenA) those combinations of goods and services that can be produced and those that can be consumed.B) those resources that

2、 are limited and those that are unlimited.C) those combinations of goods and services that can be produced and those that cannot.D) those wants that are limited and those that are unlimited.Answer: CTopic: Production Possibilities FrontierSkill: RecognitionStatus: Previous edition, Chapter 2AACSB: R

3、eflective Thinking2) The production possibilities frontier isA) upward sloping and reflects unlimited choices.B) upward sloping and reflects tradeoffs in choices.C) downward sloping and reflects unlimited choices.D) downward sloping and reflects tradeoffs in choices.Answer: DTopic: Production Possib

4、ilities FrontierSkill: RecognitionStatus: Previous edition, Chapter 2AACSB: Reflective Thinking3) The production possibilities frontierA) depicts the boundary between those combinations of goods and services that can be produced and those that cannot given resources and the current state of technolo

5、gy.B) shows how many goods and services are consumed by each person in a country.C) is a model that assumes there is no scarcity and no opportunity cost.D) is a graph with price on the vertical axis and income on the horizontal axis.Answer: ATopic: Production Possibilities FrontierSkill: Recognition

6、Status: Previous edition, Chapter 2AACSB: Reflective Thinking4) The production possibilities frontier itself illustratesA) all goods that can be produced by an economy.B) the combination of goods and services that can be produced efficiently.C) all goods and services that are desired but cannot be p

7、roduced due to scarce resources.D) all possible production of capital goods.Answer: BTopic: Production Possibilities FrontierSkill: RecognitionStatus: Previous edition, Chapter 1AACSB: Reflective Thinking5) The production possibilities frontier is the boundary between those combination of goods and

8、services that can beA) produced and those that can be consumed.B) consumed domestically and those that can be consumed by foreigners.C) produced and those that cannot be produced.D) consumed and those that cannot be produced.Answer: CTopic: Production Possibilities FrontierSkill: ConceptualStatus: P

9、revious edition, Chapter 2AACSB: Reflective Thinking6) The production possibilities frontier itself showsA) the maximum amount of resources available at any given time.B) combinations of goods and services that do not fully use available resources.C) the maximum rate of growth of output possible for

10、 an economy.D) the maximum levels of production that can be attained.Answer: DTopic: Production Possibilities FrontierSkill: RecognitionStatus: Previous edition, Chapter 2AACSB: Reflective Thinking7) The production possibilities frontier representsA) the maximum amount of labor and capital available

11、 to society.B) combinations of goods and services among which consumers are indifferent.C) the maximum levels of production that can be attained.D) the maximum rate of growth of capital and labor in a country.Answer: CTopic: Production Possibilities FrontierSkill: RecognitionStatus: Previous edition

12、, Chapter 2AACSB: Reflective Thinking8) Which of the following is NOT true concerning a societys production possibilities frontier (PPF)?A) It reveals the maximum amount of any two goods that can be produced from a given quantity of resources.B) Tradeoffs occur when moving along a PPF.C) Production

13、efficiency occurs when production is on the frontier itself.D) Consumers will receive equal benefits from the two goods illustrated in the PPF.Answer: DTopic: Production Possibilities FrontierSkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Reflective Thinking9) The production possibilitie

14、s frontier separates _.A) the goods and services that people want from those that they do not wantB) the types of goods that can be attained from those that cant be attainedC) the quantities of goods and services that can be produced from those that cannot be producedD) the combinations of goods tha

15、t people value and those that they dontAnswer: CTopic: Production Possibilities FrontierSkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Reflective Thinking10) When producing at a production efficient point, _.A) our choice of the goods can be either on or within the production possibiliti

16、es frontierB) we can satisfy our all wantsC) the opportunity cost of another good is zeroD) we face a tradeoff and incur an opportunity costAnswer: DTopic: Production EfficiencySkill: ConceptualStatus: Modified 10th editionAACSB: Reflective Thinking11) Harry produces 2 balloon rides and 4 boat rides

17、 an hour. Harry could produce more balloon rides but to do so he must produce fewer boat rides. Harry is _ his production possibilities frontier. A) producing insideB) producing onC) producing outsideD) producing either inside or onAnswer: BTopic: Production Possibilities FrontierSkill: ConceptualSt

18、atus: Modified 10th editionAACSB: Reflective Thinking12) Production efficiency occurs when production _.A) is at a point beyond the production possibilities frontierB) is on the production possibilities frontier or inside itC) is at any attainable pointD) is on the production possibilities frontierA

19、nswer: DTopic: Production EfficiencySkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Reflective Thinking13) A point outside a production possibilities frontier indicatesA) that resources are not being used efficiently.B) an output combination that society cannot attain given its current le

20、vel of resources and technology.C) that resources are being used very efficiently.D) that both goods are characterized by increasing costs.Answer: BTopic: Production Possibilities FrontierSkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Reflective Thinking14) Which of the following is NOT

21、illustrated by a production possibilities frontier?A) scarcityB) opportunity costC) necessity for choiceD) who gets the goodsAnswer: DTopic: Production Possibilities FrontierSkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Reflective Thinking15) A production possibilities frontier figure d

22、oes NOT illustrateA) the limits on production imposed by our limited resources and technology.B) the exchange of one good or service for another.C) opportunity cost.D) attainable and unattainable points.Answer: BTopic: Production Possibilities FrontierSkill: AnalyticalStatus: Previous edition, Chapt

23、er 2AACSB: Reflective Thinking16) Any production point outside the production possibilities frontier isA) unattainable.B) associated with unused resources.C) attainable only if prices fall.D) attainable only if prices rise.Answer: ATopic: Production Possibilities FrontierSkill: AnalyticalStatus: Pre

24、vious edition, Chapter 2AACSB: Reflective Thinking17) Which of the following statements regarding the production possibilities frontier is true?A) Points outside the frontier are attainable.B) Points inside the frontier are attainable.C) Points on the frontier are less efficient than points inside t

25、he frontier.D) None of the above because all of the above statements are false.Answer: BTopic: Production Possibilities FrontierSkill: AnalyticalStatus: Previous edition, Chapter 2AACSB: Reflective Thinking18) Jane produces only corn and cloth. Taking account of her preferences for corn and clothA)

26、makes her production possibilities frontier straighter.B) makes her production possibilities frontier steeper.C) makes her production possibilities frontier flatter.D) does not affect her production possibilities frontier.Answer: DTopic: Production Possibilities FrontierSkill: AnalyticalStatus: Prev

27、ious edition, Chapter 2AACSB: Analytical Skills19) On the vertical axis, the production possibilities frontier shows _; on the horizontal axis, the production possibilities frontier shows _.A) the quantity of a good; the number of workers employed to produce the goodB) the quantity of a good; the pr

28、ice of the goodC) the quantity of a good; a weighted average of resources used to produce the goodD) the quantity of one good; the quantity of another goodAnswer: DTopic: Production Possibilities FrontierSkill: RecognitionStatus: Previous edition, Chapter 2AACSB: Analytical Skills20) Scarcity is rep

29、resented on a production possibilities frontier figure byA) the amount of the good on the horizontal axis forgone.B) the fact that there are only two goods in the diagram.C) technological progress.D) the fact there are attainable and unattainable points.Answer: DTopic: Production Possibilities Front

30、ierSkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Reflective Thinking21) The figure above shows Rogers production possibilities frontier. Point a is an _ point and at that point production is _. A) attainable; efficientB) attainable; inefficientC) unattainable; inefficientD) unattainable

31、; efficientAnswer: BTopic: Production Possibilities FrontierSkill: ConceptualStatus: Modified 10th editionAACSB: Analytical Skills22) The above figure illustrates that if this country wishes to move from its current production point (labeled Current) and have 10 more tons of food, it can do this by

32、producingA) 10 more tons of clothing.B) 10 fewer tons of clothing.C) 5 more tons of clothing.D) 5 fewer tons of clothing.Answer: DTopic: Production PossibilitiesSkill: AnalyticalStatus: Previous edition, Chapter 2AACSB: Analytical Skills23) Suppose the country of Popcorn produces only jets and corn.

33、 If Popcorn cannot produce any more jets without giving up corn, we say that Popcorn has achievedA) the highest marginal benefit.B) production efficiency.C) the lowest marginal cost.D) the highest opportunity cost.Answer: BTopic: Production EfficiencySkill: ConceptualStatus: Previous edition, Chapte

34、r 2AACSB: Reflective Thinking24) A society that is producing on its production possibilities frontier isA) not utilizing all of its resources.B) not being technologically efficient.C) producing too much output.D) fully utilizing all of its productive resources.Answer: DTopic: Production EfficiencySk

35、ill: ConceptualStatus: Previous edition, Chapter 2AACSB: Reflective Thinking25) If a country must decrease current consumption to increase the amount of capital goods it produces today, then it mustA) be using resources inefficiently today, but will be more efficient in the future.B) be producing al

36、ong the production possibilities frontier today and its production possibilities frontier will shift outward if it produces more capital goods.C) must be producing outside the production possibilities frontier and will continue to do so in the future.D) must not have private ownership of property an

37、d will have to follow planning authorities decisions today and in the future.Answer: BTopic: Production EfficiencySkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Reflective Thinking26) A country that must decrease production of one good in order to increase the production of anotherA) mus

38、t be using resources inefficiently.B) must be producing on its production possibilities frontier.C) must be producing beyond its production possibilities frontier.D) must have private ownership of property.Answer: BTopic: Production EfficiencySkill: ConceptualStatus: Modified 10th editionAACSB: Refl

39、ective Thinking27) If an economy is operating at a point inside the production possibilities frontier, thenA) societys resources are being inefficiently utilized.B) the PPF curve will shift inward.C) societys resources are being used to produce too many consumer goods.D) economic policy must retard

40、further growth of the economy.Answer: ATopic: Production EfficiencySkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Reflective Thinking28) Any point on a production possibilities frontier (PPF) itself isA) production efficient.B) unattainable.C) inefficient.D) equitable.Answer: ATopic: Pro

41、duction EfficiencySkill: ConceptualStatus: Modified 10th editionAACSB: Reflective Thinking29) If production point is inside the production possibilities frontier,A) it is not possible to produce more of both goods.B) production is inefficient.C) in order to produce more of one good, less of the othe

42、r must be produced.D) production is in the unattainable region.Answer: BTopic: Production EfficiencySkill: ConceptualStatus: Modified 10th editionAACSB: Reflective Thinking30) If a society is operating at a point inside its production possibilities frontier, then this societysA) resources are being

43、inefficiently utilized.B) production possibilities frontier will shift rightward.C) resources are being used in the most efficient manner.D) economy will grow too fast.Answer: ATopic: Production EfficiencySkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Reflective Thinking31) A president o

44、f the United States promises to produce more defense goods without any decreases in the production of other goods. This promise can be validA) if the United States is producing at a point on its production possibilities frontier.B) if the United States is producing at a point inside its production p

45、ossibilities frontier.C) if the United States is producing at a point beyond its production possibilities frontier.D) only if the production possibilities frontier shifts rightward.Answer: BTopic: Production EfficiencySkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Reflective Thinking32)

46、Using the production possibilities frontier model, unemployment is described as producing at a pointA) on the exact middle of the PPF curve.B) on either end of the PPF curve.C) inside the PPF curve.D) outside the PPF curve.Answer: CTopic: Production EfficiencySkill: ConceptualStatus: Previous editio

47、n, Chapter 2AACSB: Reflective Thinking33) A reduction in the amount of unemploymentA) shifts the production possibilities frontier outward.B) moves the economys point of production closer to the production possibilities frontier.C) moves the economys point of production along the production possibil

48、ities frontier.D) moves the economys point of production further away from the production possibilities frontier.Answer: BTopic: Production EfficiencySkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Reflective Thinking34) A point inside a production possibilities frontierA) could indicate

49、that some resources are unemployed.B) is unattainable.C) is more efficient than points on the production possibilities frontier.D) implies that too much capital and not enough labor are being used.Answer: ATopic: Production EfficiencySkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Reflect

50、ive Thinking35) A point inside a production possibilities frontierA) could indicate that resources are misallocated.B) is more efficient than a point on the production possibilities frontier.C) reflects the fact that more technology needs to be developed to fully employ all resources.D) implies that

51、 too much labor and not enough capital is being used.Answer: ATopic: Production EfficiencySkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Reflective Thinking36) Production points inside the production possibilities frontierA) are unattainable.B) are attainable only with the full utilizati

52、on of all resources.C) are associated with unused or misallocated resources.D) result in more rapid growth.Answer: CTopic: Production EfficiencySkill: AnalyticalStatus: Previous edition, Chapter 2AACSB: Analytical Skills37) When resources are assigned to inappropriate tasks, that is, tasks for which

53、 they are not the best match, the result will be producing at a pointA) where the slope of the PPF is positive.B) where the slope of the PPF is zero.C) inside the PPF.D) outside the PPF.Answer: CTopic: Production EfficiencySkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Analytical Skills3

54、8) Some time ago the government of China required many highly skilled technicians and scientists to engage in unskilled agricultural labor in order to develop proper social attitudes. This policy probably caused China to produceA) at an inappropriate point along its production possibilities frontier

55、.B) outside its production possibilities frontier with respect to food, but inside with respect to high-technology goods.C) inside its production possibilities frontier with respect to food, but outside with respect to high-technology goods.D) inside its production possibilities frontier.Answer: DTo

56、pic: Production EfficiencySkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Analytical Skills39) Sams production possibilities frontier has good A on the horizontal axis and good B on the vertical axis. If Sam is producing at a point inside his frontier, then heA) can increase production of

57、 both goods with no increase in resources.B) is fully using all his resources.C) values good A more than good B.D) values good B more than good A.Answer: ATopic: Production EfficiencySkill: AnalyticalStatus: Previous edition, Chapter 2AACSB: Analytical Skills40) A situation in which some resources a

58、re NOT fully utilized is represented in a production possibilities frontier diagram byA) any point on either the horizontal or the vertical axis.B) the midpoint of the production possibilities frontier.C) a point outside the production possibilities frontier.D) a point inside the production possibil

59、ities frontier.Answer: DTopic: Production EfficiencySkill: AnalyticalStatus: Previous edition, Chapter 2AACSB: Analytical Skills41) Consider the PPF for office buildings and housing shown in the figure above. Which point in the diagram shows that resources to produce office buildings and housing are

60、 being misallocated, unused, or both?A) Point FB) Point GC) Point HD) Point IAnswer: ATopic: Production EfficiencySkill: ConceptualStatus: Previous edition, Chapter 2AACSB: Analytical Skills42) Refer to the production possibilities frontier in the figure above. Which production point indicates that

61、resources are NOT fully utilized or are misallocated?A) Point aB) Point bC) Point cD) Point eAnswer: CTopic: Production EfficiencySkill: AnalyticalStatus: Previous edition, Chapter 2AACSB: Analytical Skills43) Refer to the production possibilities frontier in the figure above. Which production point

62、 is unattainable?A) Point aB) Point bC) Point cD) Point eAnswer: DTopic: Production Possibilities FrontierSkill: AnalyticalStatus: Previous edition, Chapter 2AACSB: Analytical Skills44) Refer to the production possibilities frontier in the figure above. Production point _ represents an _ production point.A) b; unattainable.B) c; unattainable.C) e; inefficient.D) c; inefficient.Answer: DTopic: Production Possibilities Fron