Key to Exercis
Unit 1
I.
Promote trade and growth
Maximize production levels
Spawn discipline
Make assumptions
Allocate resources
II.
1.allocate 2. spectrum 3. advocate 4. constitute 5. discipline 6. resource 7. want 8. scarcity 9. production 10. economics
III.
1. A 2. B 3. D 4. A
Unit 2
.
allocate resourceswhere is your heart
relea CDs and books
supply goods and rvices
forgo consumption of sugar
construct a graph.
.
1. demand; 2. supply; 3.price; 4. resource; 5. consumption; 6. equilibrium; 7. shift; 8. product; 9. correlation; 10.allocation
.
1.C 2.B 3.A 4.A 激怒英文5.B
Unit 3
I.
Masximize utility
Cross threshold
Fulfill wants and needs
Assign an amount
Gain benefit
II.
1.threshold 2. utility 3. aggregate 4. satisfaction 5. consumption 6. marginal 7. maximize 8. rational 9. curve 10. demand
III.
1. C 2. D 3. B
Unit 4
I.
Increa outputs
Forgo choices
Manage resources
Change mind
Trade goods
II.
1. specialization 2. cost 3. deficiency 4. absolute 5. supply 6. hypothetical 7. pricing 8. advantage 9. efficiency 10. opportunity
III.
1. B 2. C 3. A 4. C
there will be bloodUnit 5
I.
trade off pork for beef
partly out of preference and partly out of price
compare the price of a good with what it was ten years ago
relative to overall price level
price adjusted / corrected for inflation
measure the price of a good in nominal prices
finedaycalculate the 2007 price of pork in terms of 1983 dollars
measure in constant dollars and current dollars respectively
II.
1.nominal price
2.purchasing power
3.constant dollar
4.corrected price
5.market basket
6.overall prices
ycl7.current dollar
8.consumer price index
9.real price
III.
1.D 2.A 3.C 4.C 5.D
Unit 6
I.
1. distinguish between nominal and real GNP
2. multiply the prices and the quantities
3. correct GNP for inflation
dtv
4. maintain a ba year up to date
5. affect all the industries in the same direction
II.
1. GDP 2. depreciation 3.GNP 4. intermediate goods 5. double counting 6.final goods
III.
1. F 2.F 3.T 4. F 5. T 6. T 7. F 8. T 9. T 10. T
Unit 7
I.
describe a similar negative correlation
alter price and income…
一件艺术品push upward the economy
peg a nominal or real quantity
face a tradeoff…
II.
1. minimum wage, 2.liabilities, 3.fiscal policy, 4.currency, 5.monetary policy, 6.bank rerves, 7.natural rate of unemployment, 8.efficiency wage, 9.miry index
III.
1.B 2.D 3.A 4.C 5.D
Unit 8
sometimesnaive
I.
1. promote export
2. attain balance
3. implement policies
4. meet the balance
5. stimulate capital inflows
6. stabilize the economy
II.
1.tariff
2.specific duties
3.ad valorem duties
4.exchange rate
5.floating rate
6.equilibriumsi ulement
7.surplus
adico8.infant industry
9.quota
10.barriers
III.
1. C 2. D 3. B 4. D 5. A
