文档介绍：微观经济学
Chapter 1
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1、Macroeconomics is the branch of economics studying
A. why trade-offs exist.
B. fluctuations in the overall level of business activity.
C. how decisions are made at the margin.
D. how prices are determined.
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2、Microeconomics is the branch of economics that studies
A. how individuals make decisions.
B. how trade originated.
C. why the level of overall business activity fluctuates.
D. why the value of the dollar fluctuates.
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3、Economic theory asserts that people will behave in ways that
A. will enhance their own overall well-being.
B. will be unfair to others.
C. will not take advantage of opportunities for self-improvement.
D. do not follow generally predictable patterns.
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4、With which one of the following statements would economists be most likely to disagree?
A. Command economies provide higher standards of living than do market economies.
B. People respond to incentives.
C. Markets move towards equilibrium.
D. All costs are opportunity costs.
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5、With which one of the following statements would economists be most likely to agree?
A. When transactions occur voluntarily, the seller gains and the buyer loses.
B. People usually exploit opportunities to make themselves better off.
C. If people make wise decisions, they can avoid incurring any opportunity cost.
D. Market economies generate economic growth, but they do not promote efficiency.
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6、The focal point of economic inquiry is
A. individual choice.
B. the stock market.
C. the value of