Chapter 1 Introduction
►Normative economics analyzes( 4 )
1.What is.
2.What may be.
3.What will never be.
4.What should be.
►What is the most all-pervasive assumption underlying economic theory?( 4 )
1.Equilibrium.
2.That individuals’ tastes and preferences are unchanging.
3.That workers are necessarily exploited in a capitalist（资本主义的）system.
4.Scarcity.
►When analyzing persons, economists consider a person's primary objective to be( 4 )
1.Posssion (财产) maximization.
2.Profit maximization.
3.Wallowing in lf-pity(自怜, 自哀).
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4.Utility maximization
►Pareto Efficiency implies that( 4 )
1.Nobody acts as a free rider for public goods.
2.All firms are maximizing their production costs.
3.It is impossible for firms to produce at full capacity in the prence of government intervention.
4.All mutually-beneficial tran sactions have been completed.
►Which of the following could not be a public good?( 2 )
1.An interstate highway（州际公路）.
2.A baball glove（棒球手套）.
3.A beach （海滩）.
4.National defen.
►Which of the following is not an example of market failure?( 4 )
1.Nonexistence of markets.
2.Price distortions.
3.Ignorance.
4.Perfect information
►In the equation, L = 50 + 0.3W, the slope of the line is( 1 )
1.+0.3
2.Indeterminate（不确定的, 模糊的）, becau we do not know the value of W.
3.50
4.-0. 3
►One way a transaction can be unanimously（全体一致地,无异议地）supported is when( 3 )
1.Joe wins but Sue los.
2.Some gain and some lo from the transaction; however the gainers do not fully compensate the lors.
3.All parties affected by the transaction gain.
4.All parties affected by the transaction lo.
►One’s working conditions other than（不同于, 除了）their wage are known as ( 3 )
1.Slavery（束缚）factors.
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2.Monetary factors.
3.Nonpecuniary（非金钱的）factors.
4.Product market factors.
Chapter 2:The Labor Market
►When a formal t of rules and procedures guides and constrains the employment relationship within a firm, what type of labor market is said to exist?( 1 )
1.An internal labor market.
113舰2.A no pecuniary labor market.
3.An external labor market.
4.A national labor market.
►To be counted as one of the official unemployed, one needs to be:( 1 )
1.16 or older and actively eking employment.
2.16 or older and incarcerated in a corrections facility.
3.Under 16 and a full-time student.
4.被温暖照亮16 or older and not eking employment.
►Which of the following persons is not considered a part of the labor force?( 3 )
1.A recently-divorced 30-year-old houwife who is actively eking her first job.
2.A 19-year-old part-time dishwasher.
3.A 59-year-old former nuclear physicist who, after being dismisd from his prior job, got so fed up with not being able to find a job worthy of him that he quit looking for work three
years ago.
4.A 45-year-old cretary who got discharged Friday morning and went looking for new work that afternoon.
►Which group has demonstrated the most dramatic increa in its labor force participation rate since 1950? ( 2 )
1.The labor force participation rate has not changed significantly for any group since 1950.
2.Women. 3.Children. 4.Men.
►Which ctor of the economy has shown the greatest percentage reduction in employment since 1900?( 2 )
1.Manufacturing (goods-producing). 2.Agriculture. 3.Services. 4.Government.
►During which decade did the U.S. unemployment rate hit its century-long peak?( 2 )
1.1920s. 2.1930s. 3.1960s. 4.1970s.
►A person’s real wages are( 2 )
1. Always equal to their nominal wages.
2. Nominal wages divided by some index of prices.
3. What is really reported on their paycheck after taxes have been taken out.
4. The same thing as their discretionary income（可随意支配的收入）.
圆周率全部►Which is not an example of payment in-kind to an employee?( 3 )
1. Free membership to the company’s health club.
2. Employer-provided health care.
3. A Christmas bonus of $100 cash.
总胆红素偏低4.Paid vacation time.
►Who reprents the supply side of the labor market?(3 )
1.Government.
2.Firms.
3.Workers and potential workers
4.All of the above.
►At the market-clearing wage rate( 3 )
1.There is an excess demand for labor.
2.There is an excess supply of labor.
3.Demand for labor equals supply of labor.
4.Unintended inventory accumulation will necessarily result in the output market.
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