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Microekonomics.e

Microekonomics.e

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53 вопроса Вариант 1 Доступ 7 дней
Содержание теста

Вопросы и варианты

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Вопрос 1

The problem of choice in economics arises because of …

  1. scarcity of resources
  2. infinite needs
  3. economic risks
  4. scarcity of resources and infinite needs
Вопрос 2

The market is …

  1. aggregate relationships between economic agents in respect to production, distribution and exchange of goods
  2. an exchange platform for resources and production
  3. aggregate relationships between buyers and sellers of goods
Вопрос 3

The market economy is based on … property

  1. private
  2. cooperative
  3. state
  4. municipal
Вопрос 4

The scarcity of market mechanism is revealed by the fact that it does not provide for …

  1. preservation of resources
  2. freedom of choice of cunsumers and producers
  3. efficient resource allocation
  4. satisfaction of various needs
Вопрос 5

The main components of economic organization are …

  1. entrepreneurs, employees, managers
  2. government, managers, households
  3. households, firms, employees
  4. households, firms, government
Вопрос 6

The key factors of production are …

  1. labor, capital, money
  2. capital, labour, land
  3. gold, oil, grain
  4. securities, bonds, certificates of deposit
Вопрос 7

Money can/cannot be defined as an economic resource …

  1. only if it is used to purchase capital inputs
  2. only if it is used to pay labor services
  3. only if it is booked on bank accounts
  4. cannot be defined as an economic resource as it is a financial means
Вопрос 8

Microeconomics is the branch of economics that deals with …

  1. the behavior of individual economic units – consumers, firms and owners of factors of production
  2. national economic policy given private property to factors of production
  3. terms and forms of production optimization
Вопрос 9

… defined economic science as political economy

  1. Aristoteles
  2. Marx
  3. Monkretien
  4. Keynes
Вопрос 10

The economic theory defined by representatives of …is a science of rational allocation of scarce economic resources for satisfaction of unlimited human needs

  1. neoclassical school
  2. Keynesianism
  3. Marxism
  4. Institutionalism
Вопрос 11

The microeconomic analysis answers the question of, …

  1. how to achieve full employment
  2. what, how and how much to produce
  3. how to reduce inflation
  4. how to stimulate economic growth
Вопрос 12

The economic resources are generally characterised by their …

  1. scarcity
  2. utility
  3. value
Вопрос 13

Market activity is …

  1. advertising in newspapers
  2. provision of unemployment benefits
  3. purchase of military equipment
  4. growing vegetables for sale
Вопрос 14

Economic problems of what, how and for whom to produce emerge in a... economy

  1. command
  2. market
  3. mixed
  4. any
Вопрос 15

It is not true that the following statements: «…» refer to macroeconomic analysis

  1. John though of buying a nut or a pineapple ice cream, but decided to buy a bottle of Coca-Cola
  2. removal of customs barriers would result in a mass shut-down of firms in electronic industry
  3. unfavourable situation in CIS countries has caused a decrease in production on Karl Smith’s farm
  4. a cut in taxes has dramatically increased purchase of petrol in Maine
Вопрос 16

Microeconomics studies …

  1. the impact of the total price level on the national economy
  2. economic reasons for unemployment
  3. volume of production nationwide
  4. the relationship between demand and supply in a commodity market
Вопрос 17

The opportunity cost of tuition fee is …

  1. the maximum income a student forgoes by attending school rather than working
  2. the sum of all cost over the period of tuition (tuition fee, cost of learning materials, books, transport cost, expenditures on clothes and food)
  3. the minimal tuition fee which is charged in other similar educational institutions
Вопрос 18

When a student eats a sandwich in a cafeteria, … will yield the maximum level of utility.

  1. the first sandwich
  2. the saturation sandwich
  3. the middle sandwich
  4. tha last sandwich
Вопрос 19

The theory of consumer behavior assumes that a consumer seeks to maximize …

  1. the difference between total and marginal utility
  2. the total utility
  3. the marginal utility
  4. the average utility
Вопрос 20

The fact that the fifth ice-cream provides for less satisfaction than the first is revealed by …

  1. the law of demand
  2. the diminishing marginal utility
  3. the surplus of goods
  4. the deficit of goods
Вопрос 21

The market economy is founded on … property

  1. private
  2. cooperative
  3. public
  4. municipal
Вопрос 22

The commodity market is a market of …

  1. services
  2. goods
  3. real estate
  4. goods and services
Вопрос 23

The indifference curve is a line of …

  1. equal cost
  2. equal opportunities
  3. equal products
  4. equal total utility
Вопрос 24

The consumer equilibrium on the indifference map is any point

  1. of intersection of budget line and indifference curve
  2. on the highers of all indifference curves
  3. where the budget line is tangent to the indifference curve
  4. on the budget line
  5. below the budget line
Вопрос 25

The income effect for … is extremely small.

  1. salt
  2. sausages
  3. potatoes
  4. apples
Вопрос 26

The main objective of a firm is …

  1. to produce goods and services to satisfy human needs
  2. yield maximum profit
  3. generate high income
  4. use scarce resources to produce material goods and services
Вопрос 27

The level of risk capital for a natural person is minimal if a company’s legal form is a …

  1. individual entrepreneurship
  2. partnership
  3. joint-stock company
  4. state enterprise
Вопрос 28

The short-run in microeconomics is a period of time in which …

  1. all factors of production are variable
  2. all factors of production are fixed
  3. a firm can change output by employing more factors of production
Вопрос 29

The production function is characterized by …

  1. total amount of production inputs used
  2. most efficient technological production ogranization
  3. a relationship between cost and maximal level of output
  4. profit maximization generated by cost minimization
Вопрос 30

The law of diminishing marginal productivity is in place, when …

  1. the level of technology does not change
  2. all units of variable inputs are homogeneous
  3. only variable input changes, and other inputs remain constant
  4. all inputs are variable
Вопрос 31

Explicit cost are …

  1. economic cost
  2. opportunity cost
  3. cost of factors of production that a firm does not own and purchases
  4. cost which change in response to increased output
Вопрос 32

Economic cost are…

  1. explicit and implicit cost, including normal profit
  2. explicit cost
  3. implicit cost
  4. surplus of explicit and implicit cost by the value of normal profit
Вопрос 33

The fixed cost are cost which are …

  1. borne by the firm even when there is no production
  2. associated with raw material acquisition
  3. do not change in the short- and in the long-run
  4. associated with capital acquisition
Вопрос 34

The total cost includes …

  1. accounting and explicit cost
  2. incorporation and production cost
  3. private and social cost
  4. fixed and variable cost
Вопрос 35

Total income is …

  1. the revenue from all sources minus accounting cost
  2. monetary value of all goods produced
  3. the income generated from realization of all goods
  4. the revenue from all sources minus economic cost
Вопрос 36

The firm’s profit maximization is achieved when … are equal.

  1. total income and total cost
  2. average income, average cost and price
  3. marginal income and marginal cost
  4. marginal income, marginal cost and price
Вопрос 37

The shoe price will probably increase in response to …

  1. an increase in supply
  2. an increase in wages of footwear factory workers
  3. acquisition of new equipment which reduces production cost
  4. a decrease in demand
Вопрос 38

The price elasticity of demand measures the sensitivity of the quantity demanded to changes in …

  1. the prices of other goods
  2. tastes and preferences
  3. the price of the good
  4. consumer income
Вопрос 39

If the demand for agricultural products is inelastic, then farm’s gross incomes will …

  1. increase as output increases
  2. decrease as decrease in prices will be greater than an increase in sales volumes
  3. increase as prices will go up due to increased demand
  4. remain constant
Вопрос 40

A perfectly inelastic demand curve is represented as a …

  1. vertical line
  2. horizontal line
  3. positively sloped curve
  4. negatively sloped curve
Вопрос 41

The equilibrium price is the price …

  1. higher than that which creates excess demand
  2. when there is neither deficit, nor surplus of a good
  3. set by the government
  4. lower than that which creates excess supply
Вопрос 42

An oligopoly will probably occur in a … market

  1. grain
  2. shampoo
  3. aircraft
  4. flower
Вопрос 43

Oligopoly is characterized by …

  1. an intermediate position between monopoly and monopolistic competition
  2. a few operating firms each of which has a large market share
  3. lack of mutual interdependence
  4. predominant price competition
Вопрос 44

It is not true, that such a product as… has ever been produced in the framework of a cartel agreement

  1. fuel
  2. bananas
  3. sugar
  4. wheat
  5. coffee
Вопрос 45

The perfect and monopolistic competition are characterized by …

  1. production of differentiated goods
  2. production of homogeneous goods
  3. horizontal demand curve for a good
  4. a large number of buyers and sellers
Вопрос 46

Monopoly is a market structure, where …

  1. there is only one buyer
  2. there is a small number of competitive producers
  3. there is only one large firm
  4. there is no price control
Вопрос 47

The … market is the closest to the perfectly competitive model.

  1. steel
  2. hairdressing
  3. automotive
  4. stock
  5. fuel
Вопрос 48

There is/are no … in a perfectly competitive market

  1. homogeneous goods
  2. mobile resources
  3. advertising
  4. large number of customers
Вопрос 49

The economic rate is …

  1. a payment to any resource
  2. the price of a factor of production in a competitive market
  3. a payment to a scarce factor of production
  4. the price of a finished product
Вопрос 50

The level of a minimum wage set by government which exceeds its equilibrium rate in a competitive market will result in a …

  1. deficit of labor in the industry
  2. surplus of labour in the industry
  3. increased labour demand
  4. decreased labour supply
Вопрос 51

A decrease in customs duties on imported agricultural goods will probably …

  1. increase the agricultural demand for land
  2. have no impact on the agricultural demand for land
  3. decrease the agricultural demand for land
Вопрос 52

Interest is …

  1. the price of a finished good
  2. the payment for the loan of capital
  3. monopoly profit
  4. the payment for a tangible asset
Вопрос 53

The fiscal policy in countries with market economies aims at …

  1. regulating employees’ wages and salaries
  2. supporting equal wages in different economic sectors
  3. limiting the growth of private income
  4. redistribution of income by means of taxes and social transfers