KTVM CHAPTER 1 2 3
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Câu 1. The households and societies face many decisions because ……
- A. resources are scarce.
- B. goods and services are not scarce.
- C. incomes fluctuate with business cycles.
- D. people, by nature, tend to disagree.
Câu 2. The study of how society manages its scarce resources is known as:
- A. production methods.
- B. Economics.
- C. how households decide who performs which tasks.
- D. the interaction of business and government.
Câu 3. The word “equality” is used to describe a situation in which
- A. each member of society has the same income.
- B. each member of society has access to abundant quantities of goods and services, regardless of his or her income.
- C. society is getting the maximum benefits from its scarce resources.
- D. society's resources are used efficiently.
Câu 4. The property of society getting the most it can from its scarce resources is called
- A. equity.
- B. efficiency.
- C. equality.
- D. efficacy.
Câu 5. People say that "There is no such thing as a free lunch," means
- A. even people on welfare have to pay for food.
- B. the cost of living is always increasing.
- C. people face tradeoffs.
- D. all costs are included in the price of a product.
Câu 6. The term opportunity cost is known as:
- A. the number of hours needed to earn money to buy the item.
- B. what you give up to get that item.
- C. usually less than the dollar value of the item.
- D. the dollar value of the item.
Câu 7. A rational decision maker takes an action only if the
- A. marginal benefit is less than the marginal cost.
- B. marginal benefit is greater than the marginal cost.
- C. average benefit is greater than the average cost.
- D. marginal benefit is greater than both the average cost and the marginal cost.
Câu 8. “When the price of an apple rises, people decide to eat fewer apples” mean people respond to
- A. laws.
- B. incentives.
- C. punishments more than rewards.
- D. rewards more than punishments.
Câu 9. Which of the following statements about trade is true EXCEPT?
- A. Trade increases competition.
- B. With trade, one country wins and one country loses.
- C. Bulgaria can benefit, potentially, from trade with any other country.
- D. Trade allows people to buy a greater variety of goods and services at lower cost.
Câu 10. The invisible hand is found by
- A. Isaac Newton.
- B. Adam Smith.
- C. Philip Kotler.
- D. Karl Marx.
Câu 11. Market failure causes
- A. externalities and market power.
- B. market power and incorrect forecasts of consumer demand.
- C. externalities and foreign competition.
- D. incorrect forecasts of consumer demand and foreign competition.
Câu 12. Increasing the amount of money in the economy results in:
- A. the income effect.
- B. inflation.
- C. deflation.
- D. the substitution effect.
Câu 13. Which following factor explains differences in living standards across countries?
- A. the quantity of money
- B. the level of unemployment
- C. productivity
- D. equality
Câu 14. What is the most correct statement about the relationship between inflation and unemployment?
- A. In the short run, falling inflation is associated with falling unemployment.
- B. In the short run, falling inflation is associated with rising unemployment.
- C. In the long run, falling inflation is associated with falling unemployment.
- D. In the long run, falling inflation is associated with rising unemployment.
Câu 15. Economists like mathematicians, physicists, and biologists because they
- A. make use of the scientific method.
- B. try to address their subject with a scientist’s objectivity.
- C. devise theories, collect data, and then analyze these data in an attempt to verify or refute their theories.
- D. All of the above are correct.
Câu 16. Economists make assumptions to
- A. study the earth’s gravity.
- B. simplify a complex world easier to understand.
- C. make it easier to teach economic concepts and analysis.
- D. illustrate and evaluate economic theories.
Câu 17. Unlike plastic manikins, economic models
- A. are not useful because they omit many real-world details.
- B. consists of diagrams and equations.
- C. are useful because they do not omit any real-world details.
- D. are plastic representations of the economy.
Câu 18. The circular-flow diagram
- A. is a visual model.
- B. includes two types of decision makers: households and firms.
- C. shows the flows of inputs, outputs, and dollars.
- D. All of the above are correct.
Câu 19. Which of the following is not correct statement about production possibilities frontiers?
- A. An economy can produce any point on the production possibilities frontier.
- B. An economy can produce at any point outside a production possibilities frontier.
- C. An economy can produce at any point inside the production possibilities frontier.
- D. An economy can not produce at any point outside the production possibilities frontier.
Câu 20. Which of the following statements is not correct about the roles of economists EXCEPT ?
- A. Economists are best viewed as policy advisers.
- B. Economists are best viewed as scientists.
- C. In trying to explain the world, economists are policy advisers; in trying to improve the world, they are scientists.
- D. In trying to explain the world, economists are scientists; in trying to improve the world, they are policy advisers.
Câu 21. Microeconomics is the study of
- A. how money affects the economy.
- B. how households and firms make decisions.
- C. how households and firms interact in markets.
- D. b & c are correct.
Câu 22. Macroeconomics is the study of
- A. decisions of household.
- B. trade off.
- C. economy-wide phenomena.
- D. opportunity cost.
Câu 23. Normative statements are
- A. prescriptive about how the world ought to be.
- B. made by scientists.
- C. backward-looking.
- D. forward-looking.
Câu 24. Positive statements are
- A. prescriptive.
- B. descriptive.
- C. claims about how the world is.
- D. b & c are correct.
Câu 25. Economists sometimes give conflicting advice because
- A. they are encouraged to argue with each other.
- B. they have different scientific judgment and values.
- C. they act as policy advisers.
- D. they have belief systems more than scientists.
… và còn 15 câu nữa. Bấm Vào thi phía trên để làm toàn bộ 40 câu và xem đáp án.
