《江西财经大学微观经济学试题库》chapter 9.docVIP

Microeconomics, 10e (Parkin) Chapter 9 Possibilities, Preferences, and Choices 1 Consumption Possibilities 1) Goods that can be bought in any quantity desired are called A) divisible goods. B) indivisible goods. C) invisible goods. D) inferior goods. Answer: A Topic: Consumption Possibilities Skill: Recognition Question history: Previous edition, Chapter 9 AACSB: Reflective Thinking 2) Which of the following is NOT a divisible good? A) gasoline B) tap water C) electricity D) movies Answer: D Topic: Consumption Possibilities Skill: Recognition Question history: Previous edition, Chapter 9 AACSB: Reflective Thinking 3) Budget lines are drawn on a diagram with the A) price of the good on the vertical axis and its quantity on the horizontal axis. B) price of one good on the vertical axis and the price of another good on the horizontal axis. C) quantity of the good on the vertical axis and its price on the horizontal axis. D) quantity of one good on the vertical axis and the quantity of another good on the horizontal axis. Answer: D Topic: Consumption Possibilities, Budget Line Skill: Recognition Question history: Previous edition, Chapter 9 AACSB: Reflective Thinking 4) The variables that determine a households budget line are A) its preferences and income. B) its preferences and prices. C) prices and income. D) None of the above are correct. Answer: C Topic: Consumption Possibilities, Budget Line Skill: Conceptual Question history: Previous edition, Chapter 9 AACSB: Reflective Thinking 5) A budget line shows the A) consumption possibilities of a consumer at a given level of income and prices. B) complete set of preferences for a household at various incomes. C) consumption possibilities for several sets of relative prices at a level of income. D) rate at which consumers wish to substitute one good for another. Answer: A Topic: Consumption Possibilities, Budget Line Skill: Recognition Question history: Previous edition, Chapter 9 AACSB: Refl