Quiz 1: Introduction 1: Attempt Review

Quiz 1: Introduction 1: Attempt review 15/07/2022, 20:45
Trang của tôi / Khoá học / Học kỳ III năm học 2021-2022 (Semester 3 - Academic year 2021-2022)
/ Chương Trình Chất Lượng Cao dạy bằng Tiếng Anh (High-Quality training program )
/ Khoa Quản lý Công nghiệp (Faculty of Industrial Management) / Tài Chính / Economics (IM1013)_Trần Duy Thanh (CC_HK213) / QUIZ
/ Quiz 1: Introduction 1
Đã bắt đầu vào Thursday, 2 June 2022, 8:14 PM

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Tình trạng Đã hoàn thành
Hoàn thành vào Thursday, 2 June 2022, 8:35 PM
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Thời gian thực 20 phút 49 giây
hiện
Câu hỏi 1
Resources are
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Chấm điểm của Chọn một:

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a. plentiful for households but scarce for economies.
b. scarce for households and scarce for economies.
c. plentiful for households and plentiful for economies.
d. scarce for households but plentiful for economies.
Câu hỏi 2
The study of how society manages its scarce resources is most closely associated with which field of study?
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a. economics
b. management
c. environmental studies
d. accounting
Câu hỏi 3
The word "economy" comes from the Greek word oikonomos, which means
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a. "environment."
b. "production."
c. "one who makes decisions."
d. "one who manages a household."
Câu hỏi 4
For most students, the earnings they give up to attend college are
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http://e-learning.hcmut.edu.vn/mod/quiz/review.php?attempt=5304354&cmid=844946 Page 1 of 5
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a. not considered true costs by an economist.
b. a minor cost when compared to the costs of tuition, room and board, and the like.
c. about equal to the costs of room and board at college.
d. the single largest cost of their education.
Câu hỏi 5
Ramona decides to spend two hours taking a nap rather than attending her classes. Her opportunity cost of napping is
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a. the value of her nap minus the value of attending class.
b. nothing, since she valued sleep more than attendance at class.
c. the value of the knowledge she would have received had she attended class.
d. the $24 she could have earned if she had worked at her job for those two hours.
Câu hỏi 6
The marginal benefit Susie gets from purchasing a third pair of gloves is
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a. the total benefit she gets from purchasing four pairs of gloves minus the total benefit she gets from purchasing three
pairs of gloves.
b. more than the marginal cost of purchasing the third pair of gloves.
c. the total benefit she gets from purchasing three pairs of gloves minus the total benefit she gets from purchasing two
pairs of gloves.
d. the same as the total benefit she gets from purchasing three pairs of gloves.
Câu hỏi 7
The property of society getting the most it can from its scarce resources is called
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a. productivity.
b. equality.
c. externality.
d. efficiency.
Câu hỏi 8
For markets to work well, there must be
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a. a central planner.
b. abundant, not scarce, resources.
c. market power.
d. property rights.
Câu hỏi 9
The famous observation that households and firms interacting in markets act as if they are guided by an "invisible hand" that
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leads them to desirable market outcomes comes from whose 1776 book?
Chấm điểm của
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Chọn một:
Chọn một:
a. David Ricardo
b. John Maynard Keynes
c. Adam Smith
d. Thorstein Veblen
Câu hỏi 10
The term used to describe a situation in which markets do not allocate resources efficiently is
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a. the effect of the invisible hand.
b. economic meltdown.
c. market failure.
d. equilibrium.
Câu hỏi 11
Which of the following firms is most likely to have market power?
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a. a convenience store in a suburb
b. the only gasoline station in a rural area
c. a grocery store in a metropolitan area
d. a pub in a college town
Câu hỏi 12
Which of the following is an example of an externality?
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a. Gloria watches a scary movie.
b. Antonio's dog barks loudly during the night, waking his neighbors.
c. Harold sells a book to Cathy, who reads the book and then gives it to James as a gift.
d. Annie purchases a new dress.
Câu hỏi 13
Which of the following is true about how the "invisible hand" influences economic activity through prices when a product has
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lower demand than supply?
Chấm điểm của
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Chọn một:
a. The price must increase, causing less buyers to buy and more sellers to sell.
b. The price must increase, causing less buyers to buy and less sellers to sell.
c. The price must decrease, causing more buyers to buy and less sellers to sell.
d. The price must decrease, causing more buyers to buy and more sellers to sell.
Câu hỏi 14
Which of these activities will most likely impose an external cost?
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a. A secretary smokes a cigarette in a crowded break room.
b. A construction worker eats a hotdog during his lunch break.
c. An athlete works out at a gym.

c. An athlete works out at a gym.
d. A young mother pushes her baby in a stroller.
Câu hỏi 15
Which of these activities will most likely result in an external benefit?
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a. An elderly woman plants a flower garden on the vacant lot next to her house.
b. A college student buys a deck of cards to play solitaire in her dorm room.
c. An executive purchases a book to read on a business trip.
d. A ten-year-old uses his allowance to buy new Nike shoes.
Câu hỏi 16
Large or persistent inflation is almost always caused by
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a. higher-than-normal levels of productivity.
b. excessive growth in the quantity of money.
c. foreign competition.
d. excessive government spending.
Câu hỏi 17
Most economists believe that an increase in the quantity of money results in
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a. higher inflation in the long run.
b. an increase in the demand for goods and services.
c. All of the above are correct.
d. lower unemployment in the short run.
Câu hỏi 18
The fact that different countries experience different standards of living is largely explained by differences in those countries'
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a. locations.
b. populations.
c. productivity levels.
d. None of the above is correct. Economists are puzzled by differences in standards of living around the world.
Câu hỏi 19
The short-run tradeoff between inflation and unemployment implies that, in the short run,
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a. an increase in the growth rate of the quantity of money will be accompanied by an increase in the unemployment rate.
b. policymakers are able to reduce the inflation rate and, at the same time, reduce the unemployment rate.
c. a decrease in the growth rate of the quantity of money will be accompanied by an increase in the unemployment rate.
d. policymakers can influence the inflation rate, but not the unemployment rate.
Câu hỏi 20
To promote good economic outcomes, policymakers should strive to enact policies that
Câu hỏi 20
To promote good economic outcomes, policymakers should strive to enact policies that
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a. result in a rapidly-growing quantity of money.
b. enhance productivity.
c. enhance individuals' market power.
d. All of the above are correct.
◀ Syllabus Quiz Chuyển tới... Quiz 2: Introduction 2 ▶︎
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Quiz 1: Introduction 1: Attempt review 15/07/2022, 20:45

Đã bắt đầu vào Thursday, 2 June 2022, 8:14 PM

Chấm điểm của Chọn một:

b. scarce for households and scarce for economies.

c. plentiful for households and plentiful for economies.

d. scarce for households but plentiful for economies.

Chấm điểm của Chọn một:

Chấm điểm của Chọn một:

c. "one who makes decisions."

d. "one who manages a household."

Chấm điểm của Chọn một:

c. about equal to the costs of room and board at college.

d. the single largest cost of their education.

Chấm điểm của Chọn một:

b. nothing, since she valued sleep more than attendance at class.

Chấm điểm của Chọn một:

Chấm điểm của Chọn một:

Chấm điểm của Chọn một:

b. abundant, not scarce, resources.

b. John Maynard Keynes

Chấm điểm của Chọn một:

Chấm điểm của Chọn một:

b. the only gasoline station in a rural area

c. a grocery store in a metropolitan area

d. a pub in a college town

Chấm điểm của Chọn một:

d. Annie purchases a new dress.

Chấm điểm của Chọn một:

b. A construction worker eats a hotdog during his lunch break.

c. An athlete works out at a gym.

c. An athlete works out at a gym.

d. A young mother pushes her baby in a stroller.

Chấm điểm của Chọn một:

c. An executive purchases a book to read on a business trip.

d. A ten-year-old uses his allowance to buy new Nike shoes.

Chấm điểm của Chọn một:

b. excessive growth in the quantity of money.

d. excessive government spending.

Chấm điểm của Chọn một:

b. an increase in the demand for goods and services.

c. All of the above are correct.

d. lower unemployment in the short run.

Chấm điểm của Chọn một:

Chấm điểm của Chọn một:

Chấm điểm của Chọn một:

c. enhance individuals' market power.

d. All of the above are correct.

◀ Syllabus Quiz Chuyển tới... Quiz 2: Introduction 2 ▶︎

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