大学一年级下学期-计算机理论part-5-review

PAGE

Microeconomics,11e(Parkin)

Part5Review

1MarketFailureandGovernment

1)Anon-crowdedfreewayis

A)rivalandnonexcludable.

B)nonrivalandexcludable.

C)nonrivalandnonexcludable.

D)rivalandexcludable.

Answer:C

Topic:PublicGoods

Skill:Analytical

Status:New10thedition

AACSB:AnalyticalSkills

2)Acrowdedfreewayduringtherushhouris

A)rivalandnonexcludable.

B)nonrivalandexcludable.

C)nonrivalandnonexcludable.

D)rivalandexcludable.

Answer:A

Topic:monResource

Skill:Analytical

Status:New10thedition

AACSB:AnalyticalSkills

3)Streetlightsareapublicgood.Ifstreetlightswereprovidedbytheprivatemarket,attheequilibriumquantity,itwouldbethecasethat

A)MSB=MSC

B)MSC>MC

C)MSB>MSC

D)MSB>MB

Answer:C

Topic:PublicGoods

Skill:Analytical

Status:New10thedition

AACSB:AnalyticalSkills

4)Themarginalprivatecostofachemicalis$80pertonanditsmarginalexternalcostis$10perton.Whatisthemarginalsocialcostofthechemical?

A)$70perton

B)$85perton

C)$90perton

D)$45perton

Answer:C

Topic:MarginalSocialCost

Skill:Analytical

Status:Previousedition,PartReview5

AACSB:AnalyticalSkills

5)Themarginalsocialcostofachemicalis$45pertonanditsmarginalprivatecostis$30perton.Whatisthemarginalexternalcostofthechemical?

A)$75perton

B)$30perton

C)$15perton

D)zero

Answer:C

Topic:MarginalExternalCost

Skill:Analytical

Status:Previousedition,PartReview5

AACSB:AnalyticalSkills

6)Atthecurrentlevelofoutput,themarginalsocialcostofpaperis$30pertonanditsmarginalprivatecostis$20perton.Themarginalsocialbenefitfrompaperis$20perton.Themarketforpaperispetitiveandunregulated.Thismeansthatatthecurrentlevelofproduction,

A)themarketforpaperisinequilibrium.

B)theefficientquantityofpaperisproduced.

C)thereisashortageofpaper.

D)thequantityofpaperproducedislessthantheefficientlevelofoutput.

Answer:A

Topic:AnUnregulatedMarket

Skill:Conceptual

Status:Previousedition,PartReview5

AACSB:AnalyticalSkills

7)Atthecurrentlevelofoutput,themarginalsocialcostofpaperis$30pertonanditsmarginalprivatecostis$20perton.Themarginalsocialbenefitfrompaperis$30perton.Thismeansthatthecurrentlevelofproductionis

A)greaterthantheefficientlevel.

B)efficient.

C)lessthantheefficientlevel.

D)theequilibriumquantityattainedinanunregulatedperfectlypetitivemarket.

Answer:B

Topic:Efficiency

Skill:Conceptual

Status:Previousedition,PartReview5

AACSB:ReflectiveThinking

8)Toincreaseefficiency,

A)taxescanbeusedtooveretheproblemscreatedbybothexternalbenefitsandexternalcosts.

B)subsidiescanbeusedtoovereproblemscreatedbybothexternalbenefitsandexternalcosts.

C)taxescanbeusedtooveretheproblemscreatedbyexternalbenefits,andsubsidiescanbeusedtooveretheproblemscreatedbyexternalcosts.

D)subsidiescanbeusedtooveretheproblemscreatedbyexternalbenefits,andtaxescanbeusedtooveretheproblemscreatedbyexternalcosts.

Answer:D

Topic:SubsidiesandTaxation

Skill:Analytical

Status:Previousedition,Chapter16

AACSB:ReflectiveThinking

9)Anunregulatedmarketproducestoo________ofagoodwithanexternalcostandtoo________ofagoodwithanexternalbenefit.

A)much;much

B)little;much

C)much;little

D)little;little

Answer:C

Topic:Externalities

Skill:Analytical

Status:Previousedition,Chapter16

AACSB:ReflectiveThinking

10)paretheinefficientmarketequilibriumsforthecaseofanexternalbenefitandthecaseofanexternalcost.Whichofthefollowingistrue?

A)Bothresultinadeadweightloss.

B)Bothresultintoomuchproduction.

C)Bothresultintoolittleproduction.

D)Themarketwiththenegativeexternalityistheonlyonewithadeadweightloss.

Answer:A

Topic:AnUnregulatedMarket

Skill:Conceptual

Status:Previousedition,PartReview5

AACSB:ReflectiveThinking

11)Acrowdedfreewayduringtherushhourisa________andsoitis________.

A)monresource