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单选题 Assume both the demand and the supply of beef decrease. Which of the following outcomes is certain to occur
学科：微观经济学
时间：2023-06-12 13:11:13
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题目1单选题
Which of the following statements is NOT true about specializationA. Total economic output is larger due to specializationB. The variety of tasks associated with a particular job grows over time due to specializationC. Specialization focuses experience and increases comparative advantageD. After specialization, worker skills are better matched with tasks
题目2单选题
Assume both the demand and the supply of beef decrease. Which of the following outcomes is certain to occurA. The equilibrium quantity of beef will fallB. The equilibrium quantity of beef will riseC. The equilibrium price of beef will fallD. The equilibrium price of beef will rise
题目3单选题
If the price of textbooks increases by one percent and the quantity demanded falls by one-half percent, then demand for textbooks isA. perfectly inelasticB. price elasticC. positiveD. price inelastic
题目4单选题
Which of the following statements is always trueA. Absolute advantage requires comparative advantageB. Absolute advantage implies comparative advantageC. Comparative advantage requires absolute advantageD. Comparative advantage does not require absolute advantage
题目5单选题
Efficiency is an important goal in economics because itA. assures a normative outcomeB. takes into consideration the distribution of incomeC. assures a fair outcomeD. assures a higher level of output
题目6单选题
Which of the following is NOT a condition for maximizing total economic surplus in a particular marketA. All social costs of production must be includedB. All private costs of production must be includedC. All private benefits of consumption must be includedD. Government regulation of the market is needed
题目7单选题
<img src="https://tihai-oss-cloud.itihey.com/img/d4ec506bdc33c2955a7a0b3a410ece0e.png"> Refer to the figure above. If Pat and Chris each spend half their time on each task the outcome will consist ofA. greater combined production than if each had specializedB. the greatest possible combined productionC. less combined production than if each had specializedD. an unattainable level of combined production
题目8单选题
If the price of cheese falls by one percent and the quantity demanded rises by 3 percent, then the price elasticity of demand for cheese has a value ofA. 0.30B. 0.333C. 3D. 30
题目9单选题
Which of the following is the central concern of economicsA. ScarcityB. PovertyC. Weath accumulationD. Shortage and overconsumption
题目10多选题
Suppose that the short run price elasticity of demand for electricity is 0.03 and the long run price elasticity of demand is 1.2. One would classify the short run elasticity as being ___________ and the long run elasticity as being ____________A. elasticB. perfectly elasticC. inelasticD. unit elastic
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