NOTICE:
The first part is choice questions.
it might be multiple choice questions.
Answers without argument are acceptable.
The second part is thinking questions.
First, answer true, false, or uncertain,
then reason your argument.
Answers without argument get NO point
in thinking questions.
I. Choice questions
1. which of the following are positive propositions?
a. A tax cut can help to achieve full employment.
b. Tariffs and import quotas usually reduce
economic well-being.
c. Rent ceilings cut the availability of housing.
d. Antitrust laws should be enforced more
vigorously to curtail monopoly power.
e. The inflation rate in Taiwan is 4 percent.
2. one country has a comparative advantage over another
if its production possibilities frontier
a. is higher,
b. lies closer to the origin.
c. Is shifting outward over time.
d. Has a different slope.
3.charlie can sew a dress in 3 hours and can knit a blanket in 2
hrs. gamma can sew a dress in 6 hrs and knit a blanket in 3 hrs.
what is the intercept on the dress axis and blanket axis?
a. 10,6
b. 9,5
c. 4,4
d. 6,10
And charlie will trade with gamma if the price of a blanket in units of dresse was
a. more than 1/2 dress for 1 blanket.
b. less than 1/2 dress for 1 blanket.
c. more than 2/3 dress for 1 blanket.
d. They will not trade with each other.
II. Thinking questions
1. true, false or uncertain. "a good model never makes a false prediction."
2. Explain why a good economic model may sometimes
make wrong predictions
4.生產可能曲線是在那些假設下才可導出﹐
一個經濟社會的產出有可能在生產可能線內嗎?
如果在生產可能線內有什麼經濟意義
5.如果你一個月有10000元零用錢, 你可能去買衣服,買AOE,
或者去買基金,或者存定存,請問你如何作這些決策的?
III. Country Lalla produces only food and sunscreen,
and its production possibilities are:
Food Sunscreen
300 and 0
200 and 50
100 and 100
0 and 150
Country Balla's production possobilities are:
Food Sunscreen
150 and 0
100 and 100
50 and 200
0 and 300
a. Illustrate the PPC curve of country Lalla.
b. Does trade exist in these two countries ?
What good does Balla export and import?
c. What is the maximum quantity of food and sunscreen
that the two countries can produce if each country
specializes in the activity at which it has
a comparative advantage?
IV. textbook, ch2.problem #11,#13 and #14
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◆ From: econ95_1.law.nt