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1、精選優(yōu)質(zhì)文檔-傾情為你奉上Chapter 2Thinking Like an EconomistMultiple Choice1.Which of the following terms are most closely associated with the study of economics?a.force and accelerationb.torts and venuesc.ego and cognitive parative advantage and deadweight lossANS: DPTS: 1DIF: 2REF: 2-0TOP: Econ

2、omistsMSC: Interpretive2.Economists, like mathematicians, physicists, and psychologists,a.make use of the scientific method.b.make use of their own language.c.devise theories, and collect and analyze data.d.All of the above are correct.ANS: DPTS: 1DIF: 1REF: 2-1TOP: Economists | Scientific methodMSC

3、: Interpretive3.With respect to how economists study the economy, which of the following statements is most accurate?a.Economists study the past, but they do not try to predict the future.b.Economists use “rules of thumb” to predict the future.c.Economists devise theories, collect data, and analyze

4、the data to test the theories.d.Economists use controlled experiments in much the same way that biologists and physicists do.ANS: CPTS: 1DIF: 2REF: 2-1TOP: EconomistsMSC: Interpretive4.By scientific method we meana.the use of modern electronic testing equipment to understand the world.b.the dispassi

5、onate development and testing of theories about how the world works.c.the use of controlled laboratory experiments to understand the way the world works.d.finding evidence to support preconceived theories about how the world works.ANS: BPTS: 1DIF: 2REF: 2-1TOP: Scientific methodMSC: Definitional5.Wh

6、o said, "The whole of science is nothing more than the refinement of everyday thinking?"a.Isaac Newtonb.Albert Einsteinc.Sigmund Freudd.Benjamin FranklinANS: BPTS: 1DIF: 1REF: 2-1TOP: Scientific methodMSC: Definitional6.Albert Einstein once made the following observation about science:a.&q

7、uot;The whole of science is nothing more than the refinement of everyday thinking."b."The whole of science is nothing more than an interesting intellectual exercise."c."In order to understand science, one must rely solely on abstraction."d."In order to understand scienc

8、e, one must transcend everyday thinking."ANS: APTS: 1DIF: 1REF: 2-1TOP: Scientific methodMSC: Definitional7.Sir Isaac Newton's development of the theory of gravity after observing an apple fall from a tree is an example ofa.controlled experiments that lead to the formulation of scientific t

9、heories.b.being in the right place at the right time.c.an idea whose time had come.d.the interplay between observation and theory in science.ANS: DPTS: 1DIF: 2REF: 2-1TOP: Scientific methodMSC: Interpretive8.Which of the following statements applies to economics, as well as to other sciences such as

10、 physics?a.Experiments are considered valid only when they are conducted in a laboratory.b.Good theories do not need to be tested.c.Real-world observations often lead to theories.d.Economics, as well as other sciences, are concerned primarily with abstract concepts.ANS: CPTS: 1DIF: 2REF: 2-1TOP: Sci

11、entific methodMSC: Interpretive9.The use of theory and observation is more difficult in economics than in sciences such as physics due to the difficulty ina.performing an experiment in an economic system.b.applying mathematical methods to economic analysis.c.analyzing available data.d.formulating th

12、eories about economic events.ANS: APTS: 1DIF: 2REF: 2-1TOP: Scientific methodMSC: Interpretive10.Which of the following statements is true?a.Economists almost always find it easy to conduct experiments in order to test their theories.b.Economics is not a true science because economists are not usual

13、ly allowed to conduct experiments to test their theories.c.Economics is a social science rather than a true science because it cannot employ the scientific method.d.Economists are usually not allowed to conduct experiments, and so they must rely on natural experiments offered by history.ANS: DPTS: 1

14、DIF: 2REF: 2-1TOP: Scientific methodMSC: Interpretive11.Because it is difficult for economists to use experiments to generate data, they generally musta.do without data.b.substitute assumptions for data when data are unavailable.c.rely upon hypothetical data that were previously concocted by other e

15、conomists.d.use whatever data the world gives them.ANS: DPTS: 1DIF: 2REF: 2-1TOP: Scientific methodMSC: Interpretive12.Economists regard events from the past asa.irrelevant, since history is unlikely to repeat itself.b.of limited interest, since those events seldom provide any useful economic data.c

16、.interesting but not particularly valuable, since those events cannot be used to evaluate present-day economic eresting and valuable, because those events are capable of helping us to understand the past, the present, and the future.ANS: DPTS: 1DIF: 2REF: 2-1TOP: Economists | Scientifi

17、c methodMSC: Interpretive13.Which of the following statements is (are) correct?a.Relative to other scientists, economists find it more difficult to generate useful data.b.Theory and observation are important in economics as well as in other sciences.c.To obtain data, economists often rely upon the n

18、atural experiments offered by history.d.All of the above are correct.ANS: DPTS: 1DIF: 1REF: 2-1TOP: Scientific methodMSC: Interpretive14.The most common data for testing economic theories come froma.carefully controlled and conducted laboratory experiments.b.traditional economies.c.historical episod

19、es of economic change.d.centrally planned economies.ANS: CPTS: 1DIF: 1REF: 2-1TOP: Scientific methodMSC: Interpretive15.In conducting their research, economists face an obstacle that not all scientists face; specifically, in economics, it is difficult toa.make use of theory and observation.b.rely up

20、on the scientific method.c.conduct laboratory experiments.d.find articles or books that were written before 1900.ANS: CPTS: 1DIF: 1REF: 2-1TOP: Scientific methodMSC: Definitional16.In conducting their research, economists often substitute historical events and historical episodes fora.theories and o

21、bservations.b.laboratory experiments.c.models.d.assumptions.ANS: BPTS: 1DIF: 1REF: 2-1TOP: Scientific methodMSC: Definitional17.For economists, substitutes for laboratory experiments often come in the form ofa.natural experiments offered by history.b.untested theories.c.“rules of thumb” and other su

22、ch conveniences.d.reliance upon the wisdom of elders in the economics profession.ANS: APTS: 1DIF: 1REF: 2-1TOP: Scientific methodMSC: Interpretive18.Economists make assumptions in order toa.mimic the methodologies employed by other scientists.b.minimize the number of experiments that yield no useful

23、 data.c.minimize the likelihood that some aspect of the problem at hand is being overlooked.d.focus their thinking on the essence of the problem at hand.ANS: DPTS: 1DIF: 2REF: 2-1TOP: AssumptionsMSC: Interpretive19.The art in scientific thinking - whether in chemistry, economics, or psychology - is

24、a.the design and implementation of laboratory experiments.b.knowing when to stop collecting data and when to start analyzing the data.c.deciding which assumptions to make.d.being able to mathematically model natural phenomena.ANS: CPTS: 1DIF: 2REF: 2-1TOP: Assumptions | Scientific methodMSC: Interpr

25、etive20.An economic theory about international trade that is based on the assumption that there are only two countries and two goodsa.can be useful in helping economists understand the complex world of international trade involving many countries and many goods.b.is useless, since the real world has

26、 many countries trading many goods.c.can be useful only in situations involving two countries and two goods.d.can be useful in the classroom, but is useless in the real world.ANS: APTS: 1DIF: 2REF: 2-1TOP: AssumptionsMSC: Interpretive21.The 1973 war in the Middle East provided economists with the op

27、portunity to observe the negative relationship betweena.oil prices and living itary buildups and government spending.c.the flow of crude oil and living standards.d.the flow of crude oil and political power.ANS: APTS: 1DIF: 2REF: 2-1TOP: Scientific methodMSC: Interpretive22.Historical

28、episodes are a.valuable to economists, primarily because they allow economists to see how the science of economics has evolved.b.valuable to economists, primarily because they allow economists to evaluate economic theories of the present.c.not of concern to economists, since economics is about predi

29、cting the future; economics is not about dwelling on the past.d.not of concern to economists, since the exact circumstances of historical episodes are unlikely to be observed again.ANS: BPTS: 1DIF: 2REF: 2-1TOP: Scientific methodMSC: Interpretive23.The goal of an economist who formulates new theorie

30、s is to vide an interesting framework of analysis, whether or not the framework turns out to be of much use in understanding how the world voke stimulating debate in scientific journals.c.demonstrate that economists, like other scientists, can formulate testable theories. d.contribut

31、e to an understanding of how the world works.ANS: DPTS: 1DIF: 2REF: 2-1TOP: Scientific methodMSC: Interpretive24.One thing economists do to help them understand how the real world works is as follows: a.They make assumptions.b.They ignore the past.c.They try to capture every aspect of the real world

32、 in the models they construct.d.All of the above are correct.ANS: APTS: 1DIF: 2REF: 2-1TOP: Assumptions | Scientific methodMSC: Interpretive25.For an economist, the idea of making assumptions is regarded generally as aa.bad idea, since doing so leads to the omission of important ideas and variables

33、from economic models.b.bad idea, since doing so invariably leads to data-collection problems.c.good idea, since doing so helps to simplify the complex world and make it easier to understand.d.good idea, since economic analysis without assumptions leads to complicated results that the general public

34、finds hard to understand.ANS: CPTS: 1DIF: 2REF: 2-1TOP: AssumptionsMSC: Interpretive26.Which of the following statements is true?a.Few economic models incorporate assumptions.b.Different economic models employ different sets of assumptions.c.Good economic models should attempt to mimic reality as cl

35、osely as possible.d.Economic models, to be accepted, must be tested by conducting experiments.ANS: BPTS: 1DIF: 2REF: 2-1TOP: Economic models | AssumptionsMSC: Interpretive27.The decision of which assumptions to make isa.an easy decision for an economist, but a difficult decision for a physicist or a

36、 chemist.b.not a particularly important decision for an economist.c.usually regarded as an art in scientific thinking.d.usually regarded as the easiest part of the scientific method.ANS: CPTS: 1DIF: 2REF: 2-1TOP: AssumptionsMSC: Interpretive28.The art in scientific thinking isa.finding the right pro

37、blem to study.b.deciding which assumptions to make.c.the ability to make an abstract subject easy to understand.d.not something in which economists have to be skilled.ANS: BPTS: 1DIF: 1REF: 2-1TOP: Assumptions | Scientific methodMSC: Interpretive29.Economists make use of assumptions, some of which a

38、re unrealistic, for the purpose ofa.teaching economics to people who have never before studied economics.b.advancing their political agendas.c.developing models when the scientific method cannot be used.d.focusing their thinking.ANS: DPTS: 1DIF: 2REF: 2-1TOP: AssumptionsMSC: Interpretive30.An exampl

39、e of a price that changes only infrequently is the price ofa.stocks on the New York Stock Exchange.b.crude oil.c.residential real estate.d.magazines sold at newsstands.ANS: DPTS: 1DIF: 1REF: 2-1TOP: Assumptions | PricesMSC: Definitional31.When studying the effects of changes in public policy, econom

40、ists believe thata.it is important to distinguish between the short run and the long run.b.the assumptions used in studying those effects should be the same for the short run as for the long run.c.the short-run effects of those changes are always more beneficial to society than are the long-run effe

41、cts.d.the long-run effects of those changes are always more beneficial to society than are the short-run effects.ANS: APTS: 1DIF: 2REF: 2-1TOP: Public policy | Short run | Long runMSC: Interpretive32.When studying the effects of public policy changes, economistsa.always refrain from making assumptio

42、ns.b.sometimes make different assumptions about the short run and the long run.c.consider only the direct effects of those policy changes and not the indirect effects.d.consider only the short-run effects of those policy changes and not the long-run effects.ANS: BPTS: 1DIF: 2REF: 2-1TOP: Public poli

43、cy | Assumptions | Short run | Long runMSC: Interpretive33.Economic modelsa.cannot be useful if they are based on false assumptions.b.were once thought to be useful, but that is no longer true.c.must incorporate all aspects of the economy if those models are to be useful.d.can be useful, even if the

44、y are not particularly realistic.ANS: DPTS: 1DIF: 3REF: 2-1TOP: Economic modelsMSC: Applicative34.Just like models constructed in other areas of science, economic modelsa.incorporate assumptions that contradict reality.b.incorporate all details about the real plicate reality.d.All of the

45、above are correct.ANS: APTS: 1DIF: 2REF: 2-1TOP: Economic modelsMSC: Interpretive35.In building economic models, economists often omit a.assumptions.b.theories.c.details.d.equations.ANS: CPTS: 1DIF: 1REF: 2-1TOP: Economic modelsMSC: Interpretive36.Which types of models are built with assumptions?a.e

46、conomic models, but not models in other disciplines such as physics and sociologyb.economic models as well as models in other disciplines such as physics and sociologyc.models that are built for teaching purposes but not for research purposesd.No models are built with assumptions.ANS: BPTS: 1DIF: 2R

47、EF: 2-1TOP: Economic models | AssumptionsMSC: Interpretive37.Economists build economic models bya.generating data.b.conducting controlled experiments in a lab.c.making assumptions.d.reviewing statistical forecasts.ANS: CPTS: 1DIF: 2REF: 2-1TOP: Economic models | AssumptionsMSC: Interpretive38.A mode

48、l can be accurately described as aa.theoretical abstraction with very little value.b.device that is useful only to the persons who created it.c.realistic and carefully constructed theory.d.simplification of reality.ANS: DPTS: 1DIF: 2REF: 2-1TOP: Economic modelsMSC: Interpretive39.Which of the follow

49、ing statements about models is correct?a.The more details a model includes, the better the model.b.Models assume away irrelevant details.c.Models cannot be used to explain how the economy functions.d.Models cannot be used to make predictions.ANS: BPTS: 1DIF: 1REF: 2-1TOP: Economic modelsMSC: Interpr

50、etive40.Which of the following is not true about most economic models?a.They are composed of equations and diagrams.b.They contribute very little to economists understanding of the real world.c.They omit many features of the real-world economy.d.In constructing models, economists make assumptions.AN

51、S: BPTS: 1DIF: 2REF: 2-1TOP: Economic modelsMSC: Interpretive41.Which of the following statements about economic models is valid?a.Economic models are built to mirror reality exactly.b.Economic models are useful, but they should not be used for the purpose of improving public policies.c.Because econ

52、omic models omit many details, they allow us to see what is truly important.d.Economic models seldom incorporate equations or diagrams.ANS: CPTS: 1DIF: 2REF: 2-1TOP: Economic modelsMSC: Interpretive42.Which of these statements about economic models is correct?a.For economists, economic models provid

53、e insights about the world.b.Economic models are built with assumptions.c.Economic models are often composed of equations and diagrams.d.All of the above are correct.ANS: DPTS: 1DIF: 1REF: 2-1TOP: Economic modelsMSC: Definitional43.In constructing models, economistsa.leave out equations, since equat

54、ions and models tend to contradict one another.b.ignore the long run, since models are useful only for short-run analysis.c.make assumptions that are contrary to features of the real world.d.try to include every feature of the economy.ANS: CPTS: 1DIF: 2REF: 2-1TOP: Economic modelsMSC: Interpretive44

55、.Economic models are built witha.recommendations concerning public policies.b.facts about the legal system.c.assumptions.d.statistical forecasts.ANS: CPTS: 1DIF: 1REF: 2-1TOP: Economic modelsMSC: Definitional45.The circular-flow diagram is aa.visual model of how the economy is organized.b.visual mod

56、el of the relationships among money, prices, and businesses.c.model that shows the effects of government on the economy.d.mathematical model of how the economy works.ANS: APTS: 1DIF: 1REF: 2-1TOP: Circular-flow diagramMSC: Definitional46.A circular-flow diagram is a model thata.helps to explain how participants in the economy interact with one another.b.helps to explain how the economy is organized.c.incorporates the markets for the f

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