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1、1Chapter1TenPrinciplesofEconomicsMULTIPLECHOICE1.ThewdthatcomesfromtheGreekwdf“onewhomanagesahousehold”isa.market.b.consumer.c.producer.d.economy.ANSWER:d.economy.TYPE:MSECTION:1DIFFICULTY:12.ThewdeconomycomesfromtheGree

2、kwdfa.“environment.”b.“onewhomanagesahousehold.”c.“onewhoparticipatesinamarket.”d.“conservation.”ANSWER:b.“onewhomanagesahousehold.”TYPE:MSECTION:1DIFFICULTY:13.HouseholdseconomieshaveeachofthefollowingincommonEXCEPTboth

3、a.mustallocatescarceresources.b.facemanydecisions.c.mustallocatethegoodsservicestheyproduce.d.musthaveacentraldecisionmaker.ANSWER:d.musthaveacentraldecisionmaker.TYPE:MSECTION:1DIFFICULTY:24.Economicsdealsprimarilywitht

4、heconceptofa.scarcity.b.poverty.c.change.d.power.ANSWER:a.scarcity.TYPE:MSECTION:1DIFFICULTY:15.WhichofthefollowingisNOTincludedinthedecisionsthateverysocietymustmakea.whatgoodswillbeproducedb.whowillproducegoodsc.whatde

5、terminesconsumerpreferencesd.whowillconsumethegoodsANSWER:c.whatdeterminesconsumerpreferencesTYPE:MSECTION:1DIFFICULTY:26.Bothhouseholdssocietiesfacemanydecisionsbecausea.resourcesarescarce.b.populationsmayincreasedecrea

6、seovertime.c.wagesfhouseholdstherefesocietyfluctuatewithbusinesscycles.d.peoplebynaturetendtodisagree.ANSWER:a.resourcesarescarce.TYPE:MSECTION:1DIFFICULTY:2Chapter1TenPrinciplesofEconomics?314.Whichofthefollowinggoodsbe

7、stmeetsthedefinitionofscarcitya.airb.waterintheoceanc.waterinacityd.woodinafestANSWER:c.waterinacityTYPE:MSECTION:1DIFFICULTY:215.Economicsisdefinedasthestudyofa.business.b.howsocietymanagesitsscarceresources.c.centralpl

8、anning.d.governmentregulation.ANSWER:b.howsocietymanagesitsscarceresources.TYPE:MSECTION:1DIFFICULTY:116.Economicsisthestudyofa.howsocietymanagesitsscarceresources.b.thegovernment’sroleinsociety.c.howamarketsystemfunctio

9、ns.d.howtoincreaseproduction.ANSWER:a.howsocietymanagesitsscarceresources.TYPE:MSECTION:1DIFFICULTY:117.Inmostsocietiesresourcesareallocatedbya.asinglecentralplanner.b.thosewhoowntheresources.c.thosefirmsthatuseresources

10、toprovidegoodsservices.d.thecombinedactionsofmillionsofhouseholdsfirms.ANSWER:d.thecombinedactionsofmillionsofhouseholdsfirms.TYPE:MSECTION:1DIFFICULTY:218.EconomistsstudyallofthefollowingEXCEPTa.howpeoplemakedecisions.b

11、.howpeopleinteractwithoneanother.c.thefcestrendsthataffecttheeconomyasawhole.d.howsocietieschangeovertime.ANSWER:d.howsocietieschangeovertime.TYPE:MSECTION:1DIFFICULTY:219.WhichofthefollowingisNOTamajareaofstudyfeconomis

12、tsa.howpeoplemakedecisionsb.howcountrieschoosenationalleadersc.howpeopleinteractwitheachotherd.howfcestrendsaffecttheoveralleconomyANSWER:b.howcountrieschoosenationalleadersTYPE:MSECTION:1DIFFICULTY:220.Theadage“Thereisn

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