Bài tập Kinh tế vi mô bằng tiếng Anh | Đại học Ngoại Thương
Bài tập Kinh tế vi mô bằng tiếng Anh của trường Đại học Ngoại Thương gồm 9 câu hỏi có kèm theo đáp án, giúp sinh viên tham khảo, ôn tập tốt và đạt điểm cao trong kỳ thi kết thúc học phần. Mời bạn đọc đón xem!
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lOMoAR cPSD| 36066900 lOMoAR cPSD| 36066900 Test1
I. The following statements are correct or incorrect, why?
1. An increase in price leads to a fall in demand (D) Answer : InCorrect
Evidence : Other things are held constant: P ↑→ Q D ↓ P↓ → Q D ↑ Reasons: - Substitution effect - Income effect
Combination of the 2 effects: P & Q D have a negative relationship. ( not the demand relationship)
2. D↑ and S↓ lead to the decreases in (equilibrium) price and quantity Answer : InCorrect Evidence : D↑→ P↑, Q↑ S↑→ P↓, Q↑
D↑ ,S ↓, → P ↑, Q uncertain
3. A & B are substitutions for each other, a decrease in demand
of B leads to a decrease in price of A. Answer : InCorrect Evidence : Price of substitutions (Ps): PsB↑ DB ↓ DA ↑→ PsA uncertain
4. A & B are complements for each other, an increase in supply of
B leads to a reduction in price of A lOMoAR cPSD| 36066900 PA S S’ 400 200 lOMoAR cPSD| 36066900 Answer : InCorrect Evidence :
the theoretical part of supply has no part of substitutions 5.
An increase in consumers’ income leads to an increase in price Answer : Correct Evidence : Consumer’s income (I) . Normal goods: I ↑ → D ↑ While chance in demand D↑→ P↑, Q ↑ ⇨ I↑→ P↑
6. Moving along a demand curve, an increase in price leads to an increase in total revenue Answer : Correct
Evidence : When demand is price
inelastic, a given percentage change in
price results in a smaller percentage
change in quantity demanded. That
implies that total revenue will move in the
direction of the price change: a reduction in
price will reduce total revenue, and an
increase in price will increase it
7. When income increases, it results in an increase in demand for neccesity goods. Answer : InCorrect
Evidence : As income rises, the proportion of total consumer expenditures on necessity goods typically
declines. Inferior goods have a negative income elasticity of demand; as consumers' income rises, they buy fewer inferior goods.
8. Asume that you are a FTU’s student, what is opportunity cost of studying abroad?
9. PPF will shift outward when the economy moves from an
inefficient bundle (of x and y) to a efficent bundle. Answer : Correct lOMoAR cPSD| 36066900
Evidence : An increase in production capability: PPF shifts outward.
the economy moves from an inefficient bundle to a efficent bundle mean there will have increase in
production capability lead to PPF shift outward. y Impossible bundle (out of capacity of the economy) E A Possible and efficient bundle B y1 Possible and inefficient y2 C F PPF 0 x1 x2 D x