第一章 单元测试
1、单选题:( )refers the production of an economic good or service within an economy.
A:Market
B:Industry
C:Manufacture
D:Sector
正确答案:【Industry】
2、单选题:( ) refers the way and structure in which the firms in one sector are arranged.
A:Industrial organization
B:Industry
C:Competition
D:Sector
正确答案:【Industrial organization】
3、单选题:( ) denotes a nation’s declared, official, total strategic effort to influence sectoral development
A:Industrial Policy
B:Industrial economics
C:Industrial organization
D:Industrial structure
正确答案:【Industrial Policy】
4、多选题:The core issues of industrial organization are ( ) and ( ).
A:
oligopoly
B:
market power
C:
competition
D:
monopoly
正确答案:【
competition
;
monopoly
】
5、多选题:Demand conditions are affected by ( ).
A:Market growth
B:Substitutes
C:Price elasticity
D:Type of good
正确答案:【Market growth;Substitutes;Price elasticity;Type of good】
6、判断题:Production in one sector has low substitutability.
A:错
B:对
正确答案:【错】
7、判断题:All firms seek higher market shares in order to gain higher profits.
A:错
B:对
正确答案:【对】
8、判断题:If one or several firms have market power and come to dominate, competition is usually effective
A:对
B:错
正确答案:【错】
9、判断题:Chicago School economists argued that increased efficiency led to increased market power and increased profits.
A:对
B:错
正确答案:【对】
10、判断题:The SCP paradigm was developed by Edward Mason and Joe Bain in the 1940s and 1950s.
A:对
B:错
正确答案:【对】
11、判断题:Chicago School economists questioned many of the major empirical conclusions reached by followers of the SCP approach.
A:对
B:错
正确答案:【对】
12、判断题:Harvard School economists argued that increased efficiency led to increased market power and increased profits.
A:错
B:对
正确答案:【错】
13、判断题:The SCP paradigm argues that basic market conditions determine market structure; market structure determines conduct; and conduct determines performance.
A:错
B:对
正确答案:【对】
14、判断题:there is a growing consensus in recent development theory that state interventions are often unnecessary when market failures prevail.
A:对
B:错
正确答案:【错】
15、判断题:The field of industrial organization developed as an offshoot of microeconomic theory.
A:对
B:错
正确答案:【对】
第二章 单元测试
1、判断题:Asset specifi city refers to the degree to which some assets are of value primarily to one
firm.()
A:对
B:错
正确答案:【对】
2、判断题:An important advantage of a corporation is that its owners have unlimited liability().
A:对
B:错
正确答案:【错】
3、判断题:In the short run some inputs are fixed; the firm has to do the best it can with a given capital stock and plant size.()
A:错
B:对
正确答案:【对】
4、判断题:MES shows the best size for production ( ).
A:对
B:错
正确答案:【对】
5、判断题:Below the MES level, there may be diseconomies of scale.()
A:错
B:对
正确答案:【错】
6、判断题:Specialization lets workers learn to do their specific tasks much more rapidly and precisely.()
A:对
B:错
正确答案:【对】
7、判断题:Learning curves show a decline in the current average cost of production as total production mounts.()
A:对
B:错
正确答案:【对】
8、判断题:An important type of shared input is an intangible asset such as research knowledge or business know-how about production. ()
A:错
B:对
正确答案:【对】
9、单选题:Each firm is assumed to maximize().
A:services
B:outputs
C:assets
D:profits
正确答案:【profits】
10、单选题:The costs of using the market to conduct business are called .()。
A: fixed costs
B:transaction costs
C:production costs
D:varied costs
正确答案:【transaction costs】
11、单选题:The cost savings that result from producing joint products is called as ( )
A:
diseconomies of scale
B:
diseconomies of scope
C:economies of scale
D:
economies of scope
正确答案:【
economies of scope
】
12、多选题:Williamson points out three production cost advantages of using the market,they are()。
A:economies of scope
B:transaction costs
C:production costs
D:economies of scale
正确答案:【economies of scope;production costs;economies of scale】
13、多选题:There are several possible benefits (or so-called synergies) from diversification.()。
A:Allocating capital
B:Transfer of technology
C:Learning curves
D:Reducing risk
正确答案:【Allocating capital;Transfer of technology;Reducing risk】
14、判断题:The more frequent a firm’s need for an input, the more the firm can save on transaction costs by internal production.( )
A:对
B:错
正确答案:【对】
15、判断题:the higher the degree of uncertainty, the higher are the transaction costs.()
A:错
B:对
正确答案:【对】
第三章 单元测试
1、单选题:The elasticity of demand, is a measure
of how sensitive quantity demanded is to a change in ( ).
A:output
B:quanlity
C:cost
D:price
正确答案:【price】
2、单选题:() is the difference between the maximum amount consumers are willing to pay for a good and the amount they actually pay。
A:social welfare
B:government surplus
C:consumer surplus
D:producer surplus
正确答案:【consumer surplus】
3、单选题:If a firm could have the ability to set price above ( ), then we can say it has market power.
A:
average cost
B:
marginal cost
C:
maximum profit
D:
total cost
正确答案:【
marginal cost
】
4、多选题:In a perfectly competitive market, transaction costs are zero for ( )
A:
only buyers
B:
buyers
C:
only sellers
D:
sellers
正确答案:【
buyers
;
sellers
】
5、判断题:In a perfectly competitive market,
transaction costs are zero for both buyers and sellers.
A:对
B:错
正确答案:【对】
6、判断题:The profit-maximizing rule tells a firm to produce that quantity of output for which marginal revenue equals marginal cost.
A:错
B:对
正确答案:【对】
7、判断题:Economists often evaluate the welfare effects of changes in market structure or of government policies by looking at changes in consumer surplus.
A:错
B:对
正确答案:【错】
8、判断题:A monopoly is the sole producer of a good for which there are no close substitutes
A:对
B:错
正确答案:【对】
9、判断题:The Lerner Index indicates that a monopolist has unlimited control over price.
A:对
B:错
正确答案:【错】
10、判断题:If the elasticity equals -10,the Lerner Index equals 0.01
A:错
B:对
正确答案:【错】
11、判断题:If monopolization of an industry raises costs, the deadweight loss is larger
A:错
B:对
正确答案:【对】
12、判断题:The competitive market equilibrium is allocatively efficient: It maximizes the sum of consumer and producer surplus.
A:对
B:错
正确答案:【对】
13、判断题:The deadweight loss triangle is a measure of the misallocation of resources resulting
from monopoly.
A:错
B:对
正确答案:【对】
14、判断题:The simple comparison of competition and monopoly highlights the resource misallocation associated with market power.
A:对
B:错
正确答案:【对】
15、单选题:Producer surplus is the difference between the ( )the producer receives for selling a unit of output and its reservation ( )
A:market price, demand price
B:marginal price, demand price
C:demand price, market price
D:market price, supply price
正确答案:【market price, supply price】
第四章 单元测试
1、单选题:Market share is the firm’s percentage share of the market’s total sales revenue. It ranges from zero up to ( ) percent.
A:10000
B:100
C:80
D:1000
正确答案:【100】
2、单选题:The HHI number can range from ( ) to ()。
A:
0, 10000
B:
0, 5000
C:
1000,1000
D:
100,100
正确答案:【
0, 10000
】
3、单选题:Vertical merger involves firms that produce at ( ) of production in the same industry.
A:unrelated stages
B:same stages
C:market extensions
D:different stages
正确答案:【different stages】
4、多选题:The motives for merger are ()。
A:risk reduction
B:financial motives
C:reduce entry barriers
D:market power
正确答案:【risk reduction;financial motives;reduce entry barriers;market power】
5、多选题:Static or structural barriers to entry include ()。
A:economies of scale
B:capital costs
C:product differentiation
D:absolute cost advantages
正确答案:【economies of scale;capital costs;product differentiation;absolute cost advantages】
6、判断题:A too-broad definition includes too many firms, with the result that reported measures of market power tend to be biased downward.
A:错
B:对
正确答案:【对】
7、判断题:Entry and exit conditions are important determinants of existing firms’ market power.
A:对
B:错
正确答案:【对】
8、判断题:Firms within the industry have control over structural barriers to entry
A:错
B:对
正确答案:【错】
9、判断题:Behavioral or strategic barriers to entry are those existing firms might deliberately behave in ways that decreased the probability of entry by other firms
A:对
B:错
正确答案:【对】
10、判断题:Established firms has absolute cost advantages over potential entrants.
A:错
B:对
正确答案:【对】
11、判断题:Product differentiation creates an advantage for established firms relative to newcomers.
A:对
B:错
正确答案:【错】
12、判断题:Expecting profitability is an incentives to enter
A:对
B:错
正确答案:【对】
13、判断题:Any cost that a firm must incur to leave an industry is an exit barrier ,which is generally thought of as some type of marginal cost.
A:对
B:错
正确答案:【错】
14、判断题:Industries with high rates of entry tend to have high rates of exit
A:错
B:对
正确答案:【对】
15、判断题:Each source of entry barriers can also erect a barrier to exit by going firms.
A:对
B:错
正确答案:【对】
第五章 单元测试
1、单选题:In a market with a dominant firm, it makes sense to assume that ( )
A:
the dominant firm will set the industry price and the fringe firms will also make their price.
B:
the dominant firm will set the industry price and the fringe firms will take that price as given.
C:
none of the above
D:
the fringe firms will set the industry price and the dominant firm will take that price as given.
正确答案:【
the dominant firm will set the industry price and the fringe firms will take that price as given.
】
2、判断题:In US Steel model, we can find the dominant firm’s residual demand curve by subtracting the fringe supply curve from the total demand curve at every price greater than P = $25.
A:错
B:对
正确答案:【对】
3、单选题:According to the assumption of “ Entry is free” in the theory of contestable market, ( )
A:The rest of the choices are wrong
B:
Entrants could be on completely equal footing with established firms, but could not be with an established monopolist.
C:
Entrants could be on completely equal footing with established firms, even with an established monopolist.
D:
Entrants could not be on completely equal footing with established firms, even with an established monopolist.
正确答案:【
Entrants could be on completely equal footing with established firms, even with an established monopolist.
】
4、判断题:According to contestable market assumption, absolute entry implies that the entry lag is more than the price adjustment lag: a new firm can enter a market and sell its product before the established firms can react and change their prices.
A:对
B:错
正确答案:【错】
5、判断题:According to theory of contestable market assumption, the assumption of no sunk costs implies that a firm could sell its production facilities for their present value in a resale market or could use them in another market without any losses.
A:错
B:对
正确答案:【对】
6、单选题:If a consumer feels much better as more consumers use “wechat”, the network externality is ( )
A:
zero
B:
negative
C:
positive
D:
not sure
正确答案:【
positive
】
7、判断题:Negative Externality exists when consumers are better off as the number of users of the same brand increases
A:错
B:对
正确答案:【错】
8、判断题:Direct Network Externality refers to the benefit to an individual consumer depends directly on the number of other users of the product.
A:对
B:错
正确答案:【对】
9、判断题:Indirect Network Externality arises because of complementarity.
A:对
B:错
正确答案:【对】
10、判断题:In email’s application, it shows network externality and it should be negative.
A:错
B:对
正确答案:【错】
第六章 单元测试
1、判断题:Let X1 stand for a measure of market structure and
Y for a measure of economic profits, we can express the hypothesis about the relationship between market structure and profits using a simple linear equation as: , is an error term.
A:错
B:对
正确答案:【对】
2、单选题:In figure 1(a), hypothetical scatter diagram of data on Y(economic profits) and X1(market structure), the vertical distance between each data point and a straight line fitted through the observations is called the ( )
A:error term
B:residual
C:variance
D:deviation
正确答案:【residual】
3、判断题:The Lerner Index is difficult to estimate because data are lacking on firms’ marginal costs.
A:错
B:对
正确答案:【对】
4、判断题:Excess return on sales is the ratio of economic profits to sales cost.
A:对
B:错
正确答案:【错】
5、判断题:Economic profits are difficult to calculate.
A:对
B:错
正确答案:【对】
6、多选题:Tobin’s q has several advantages over rate of return measures ( ).
A:q is much less sensitive to errors in measuring its components than are profits.
B:q reflects the operations of the entire firm, creating complications for diversified firms.
C:The market value of a firm depends partly on risk, so q incorporates an adjustment for risk.
D:The numerator of q, market value, reflects expected future profits, whereas accounting data reflect only past profits.
正确答案:【q is much less sensitive to errors in measuring its components than are profits.;The market value of a firm depends partly on risk, so q incorporates an adjustment for risk.;The numerator of q, market value, reflects expected future profits, whereas accounting data reflect only past profits.】
7、判断题:In the measuring of capital requirements, typically measured by the estimated amount of capital required by a midpoint plant.
A:对
B:错
正确答案:【对】
8、多选题:Many economists have used proxies for entry barriers as independent variables in their regression equations. Commonly used measures of barriers to entry include the following ( ):
A:Research intensity
B:Economies of scale
C:Capital requirements
D:Product differentiation
正确答案:【Research intensity;Economies of scale;Capital requirements;Product differentiation】
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