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法律系經濟學 第一次作業, 2005年10月1日
選擇題：
a 1. Economics deals primarily with the concept of
a. scarcity.
b. poverty.
c. change.
d. power.
a 2. Economics is the study of
a. how society manages its scarce resources.
b. the government’s role in society.
c. how a market system functions.
d. how to increase production.
a 3. The adage, “There is no such thing as a free lunch,” is used to illustrate the concept of
a. tradeoffs.
b. scarcity.
c. productivity.
d. efficiency.
b 4. A tradeoff exists between a clean environment and a higher level of income in that
a. studies show that individuals with higher levels of income actually pollute less than low-income individuals.
b. to pay for pollution clean-up, the government must increase taxes which lowers income.
c. laws that reduce pollution raise costs of production and reduce incomes.
d. by employing individuals to clean up pollution, employment and income both rise.
a 5. Your professor loves her work, teaching economics. She has been offered other positions in the corporate world making 25 percent more, but has decided to stay in teaching. Her decision would not change unless the marginal
a. cost of teaching increased.
b. benefit of teaching increased.
c. cost of teaching decreased.
d. cost of a corporate job increased.
b 6. Both The Wealth of Nations and the Declaration of Independence share the point of view that
a. every person is entitled to life, liberty, and the pursuit of happiness.
b. individuals are best left to their own devices without the government guiding their actions.
c. the governent has a central role in organizing a market economy.
d. because of human nature a strong legal system is necessary for a market system to survive.
b 7. Market failure can be caused by
a. low consumer demand.
b. government intervention and price controls.
c. externalities and market power.
d. high prices and foreign competition.
c 8. Which of the following is the most accurate statement about production possibilities?
a. An economy can produce only on the production possibilities frontier.
b. An economy can produce at any point inside or outside a production possibilities frontier.
c. An economy can produce at any point on or inside the production possibilities frontier, but not outside the frontier.
d. An economy can produce at any point inside the production possibilities frontier, but not on or outside the frontier.
d 9. When constructing a production possibilities frontier, all of the following are assumptions EXCEPT
a. the economy produces only 2 goods.
b. all the economy’s factors of production are being used.
c. the economy has a fixed level of technology.
d. the economy may increase its available factors of production.
c 10. Suppose a nation is currently producing at a point inside its production possibilities frontier. We know that
a. the nation is producing beyond its capacity, and inflation will occur.
b. the nation is not using all available resources or has inefficiencies.
c. the nation is producing an efficient combination of goods.
d. there will be a large opportunity cost if the nation tries to increase production.
c 11. When a production possibilities frontier shifts outward, it is demonstrating the concept of
a. tradeoffs.
b. efficiency.
c. economic growth.
d. opportunity cost.
d 12. For economists, statements about the world are of two types:
a. assumptions and theories.
b. true statements and false statements.
c. specific statements and general statements.
d. positive statements and normative statements.
a 13. Which of the following is an example of a positive statement?
a. Prices rise when the government prints too much money.
b. If welfare payments increase, the world will be a better place.
c. Inflation is more harmful to the economy than unemployment.
d. The benefits to the economy of improved equity are greater than the costs of reduced efficiency.
b 14. Which of the following is an example of a normative statement?
a. If the price of a product decreases, quantity demanded increases.
b. Reducing tax rates on the wealthy would be good for the country.
c. If the national saving rate were to increase, so would the rate of economic growth.
d. All of the above are correct.
a 15. “Prices rise when the government prints too much money” is an example of a
a. positive economic statement.
b. statement made by the Carter administration.
c. normative economic statement.
d. welfare statement.
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