经济学原理-微观-第五版测试题库-(06)

371Chapter6Supply,Demand,andGovernmentPoliciesTRUE/FALSE1.Economicpoliciesoftenhaveeffectsthattheirarchitectsdidnotintendoranticipate.ANS:TDIF:1REF:6-0NAT:AnalyticLOC:ThestudyofeconomicsanddefinitionsofeconomicsTOP:PublicpolicyMSC:Definitional2.Rent-controllawsdictateaminimumrentthatlandlordsmaychargetenants.ANS:FDIF:1REF:6-0NAT:AnalyticLOC:SupplyanddemandTOP:RentcontrolMSC:Definitional3.Minimum-wagelawsdictatethelowestwagethatfirmsmaypayworkers.ANS:TDIF:1REF:6-0NAT:AnalyticLOC:LabormarketsTOP:MinimumwageMSC:Definitional4.Pricecontrolsareusuallyenactedwhenpolicymakersbelievethatthemarketpriceofagoodorserviceisunfairtobuyersorsellers.ANS:TDIF:1REF:6-0NAT:AnalyticLOC:SupplyanddemandTOP:PricecontrolsMSC:Definitional5.Pricecontrolscangenerateinequities.ANS:TDIF:1REF:6-0NAT:AnalyticLOC:SupplyanddemandTOP:PricecontrolsMSC:Definitional6.Policymakersusetaxestoraiserevenueforpublicpurposesandtoinfluencemarketoutcomes.ANS:TDIF:1REF:6-0NAT:AnalyticLOC:SupplyanddemandTOP:TaxesMSC:Definitional7.Ifagoodorserviceissoldinacompetitivemarketfreeofgovernmentregulation,thenthepriceofthegoodorserviceadjuststobalancesupplyanddemand.ANS:TDIF:1REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PricesMSC:Definitional8.Attheequilibriumprice,thequantitythatbuyerswanttobuyexactlyequalsthequantitythatsellerswanttosell.ANS:TDIF:1REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PricesMSC:Definitional9.Apriceceilingisalegalminimumonthepriceatwhichagoodorservicecanbesold.ANS:FDIF:1REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PriceceilingsMSC:Definitional10.Apriceceilingsetabovetheequilibriumpriceisnotbinding.ANS:TDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PriceceilingsMSC:Interpretive372Chapter6/Supply,Demand,andGovernmentPolicies11.Ifapriceceilingisnotbinding,thenitwillhavenoeffectonthemarket.ANS:TDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PriceceilingsMSC:Interpretive12.Tobebinding,apriceceilingmustbesetabovetheequilibriumprice.ANS:FDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PriceceilingsMSC:Interpretive13.Apriceceilingsetbelowtheequilibriumpriceisbinding.ANS:TDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PriceceilingsMSC:Interpretive14.Apriceceilingsetbelowtheequilibriumpricecausesquantitydemandedtoexceedquantitysupplied.ANS:TDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:Priceceilings|ShortagesMSC:Interpretive15.Apriceceilingsetabovetheequilibriumpricecausesquantitydemandedtoexceedquantitysupplied.ANS:FDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PriceceilingsMSC:Interpretive16.Abindingpriceceilingcausesquantitydemandedtobelessthanquantitysupplied.ANS:FDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:Priceceilings|ShortagesMSC:Interpretive17.Apriceceilingsetbelowtheequilibriumpricecausesashortageinthemarket.ANS:TDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:Priceceilings|ShortagesMSC:Interpretive18.Apriceceilingsetabovetheequilibriumpricecausesasurplusinthemarket.ANS:FDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PriceceilingsMSC:Interpretive19.Abindingpriceceilingcausesashortageinthemarket.ANS:TDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:Priceceilings|ShortagesMSC:Interpretive20.Whenabindingpriceceilingisimposedonamarketforagood,somepeoplewhowanttobuythegoodcannotdoso.ANS:TDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:Priceceilings|ShortagesMSC:Interpretive21.Longlinesanddiscriminationareexamplesofrationingmethodsthatmaynaturallydevelopinresponsetoabindingpriceceiling.ANS:TDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PriceceilingsMSC:Interpretive22.Priceceilingsaretypicallyimposedtobenefitbuyers.ANS:TDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PriceceilingsMSC:InterpretiveChapter6/Supply,Demand,andGovernmentPolicies37323.Bindingpriceceilingsbenefitconsumersbecausetheyallowconsumerstobuyallthegoodstheydemandatalowerprice.ANS:FDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PriceceilingsMSC:Interpretive24.Allbuyersbenefitfromabindingpriceceiling.ANS:FDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PriceceilingsMSC:Interpretive25.Abindingpriceceilingmaynothelpallconsumers,butitdoesnothurtanyconsumers.ANS:FDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PriceceilingsMSC:Interpretive26.Whenthegovernmentimposesabindingpriceceilingonacompetitivemarket,asurplusofthegoodarises,andsellersmustrationthescarcegoodsamongthelargenumberofpotentialbuyers.ANS:FDIF:1REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:Priceceilings|ShortagesMSC:Definitional27.Therationingmechanismsthatdevelopunderbindingpriceceilingsareusuallyinefficient.ANS:TDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:Priceceilings|EfficiencyMSC:Interpretive28.Priceistherationingmechanisminafree,competitivemarket.ANS:TDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:PricesMSC:Interpretive29.Pricesareinefficientrationingdevices.ANS:FDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:Prices|EfficiencyMSC:Interpretive30.Whenfreemarketsrationgoodswithprices,itisbothefficientandimpersonal.ANS:TDIF:2REF:6-1NAT:AnalyticLOC:SupplyanddemandTOP:Prices|EfficiencyMSC:Interpretive31.Whenafreemarketforagoodre