Super Star Erya Study Pass "Principles of Economics on the Chinese Story (Fudan University)" 2023 Chapter Test Answers

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Superstar Erya Study Pass "Principles of Economics on the Chinese Story (Fudan University)" 2023 Chapter Test Answers

1.1 Why Study Economics (above)

1. Economics is best defined as the study of ().

A, how society manages its scarce resources

B, how to run a business on the most profitable basis

C, how to predict inflation, unemployment, and stock prices

D, how the government can stop the harms caused by unchecked self-interest

Correct Answer:A

2.To say that resources are scarce is to say (). ).

A. most of the world's people live in poverty

B. resources are always insufficient relative to the demand for them

C. resources must be preserved for the next generation

D. the world's resources will eventually be depleted by the production of more goods and services

Correct Answer：B

3、People in decision making when making decisions, they must make some kind of choice because ().

A. Choices lead to shortages

B. People are faced with limited resources when making decisions

C. People are selfish and make choices that maximize their own self-interests

D. Individuals have little influence on the marketplace

Correct Answer: B

4. Economic goods are useful and scarce goods. ()

Correct Answer:

1.2 Why Study Economics (Next)

1. The following question () is one that the study of economics will not address.

A. Ways to achieve efficient allocation of resources under the constraint of scarce resources

B. How to quadruple China's per capita income

C. Problems of modernizing China's traditional culture

D. Full employment and stability of price levels

Correct Answer: C

2. All of the following topics fall within the scope of the study of microeconomics, except (). All of the following topics are within the scope of microeconomics, except ().

A, The effect of cigarette taxes on teenage smoking behavior

B, The role of Microsoft's market power in software pricing

C, The efficiency of anti-poverty programs in reducing homelessness

D, The effect of government budget deficits on economic growth

Correct Answer:D

3, An economic good is a ().

A, useful goods

B, scarce goods

C, goods that have to be purchased with money

D, useful and scarce goods

Correct Answer:D

4, The questions of what to produce, how to produce it, and for whom to produce it are the questions examined in microeconomics. ()

Correct Answer:

2.1 People face trade-offs and give-and-take (above)

1. Economics examines how societies manage their ().

A, Critical Resources

B, Effective Resources

C, Scarce Resources

D, Quality Resources

Correct Answer:C

2. Economics studies how people make decisions people, including individuals who are ().

A, consumers

B, producers

C, firms

D, households

Correct Answer:AB

3.The labor market can be thought of as a trade-off between wages and leisure.()

Correct Answer:

2.2 People are faced with trade-offs ( below)

1.The following government activities are motivated by a concern for efficiency ().

A, higher personal income tax rates for higher income earners

B, splitting Standard Oil (which owns 90% of the refineries) into several smaller companies

C, providing unemployment benefits to laid-off workers

D, all of the above

Correct Answer:B

2. From an economic point of view, individual s savings is an intertemporal behavior. ()

Correct Answer:

3. The one-sided pursuit of equality or efficiency in economics is undesirable. ()

Correct Answer:

2.3 Opportunity Costs and Marginal Quantities

1.The opportunity cost of you going to a movie is ().

A, the price of the ticket

B, the price of the ticket plus the cost of the soda and popcorn you buy at the movie theater