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The final-term
examination of international
department
in DongShan foreign language school
Grade
two
：
Economics
Question
paper
maker
：
jerry
Lu
Date
：
20th
Jan
Section I:
Multiple questions
1.
A
consumer
allocates
his
expenditure
over
time. What
would
cause
an
increase in the opportunity cost of
current consumption to the consumer?
A
a decrease in his current income
B a
decrease in interest rates
C an
increase in his current income
D an
increase in interest rates
2. In the diagram the original
production possibility curve is LM.
C
l
a
s
s
_
_
_
_
_
N
a
m
e
_
_
_
_
_
_
S
e
a
t
N
u
m
b
e
r
_
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< br>_
_
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_
What might cause the curve to shift to
NP?
A technological progress
B unemployment of resources
C the depletion of natural resources
D a reallocation of resource
第
1
页
共
12
页
3.
A
government
proposes
to
introduce
a
road
congestion
charge
which
would require private motorists to pay
a toll for road use.
Which statement
relating to the proposal is normative?
A Bus passengers will benefit at the
expense of motorists.
B Motorists with
higher incomes will be prepared to pay the charge
in return
for reduced journey times.
C Motorists with lower incomes will not
be able to afford to use the roads.
D
The proposal will be unfair to motorists who have
no alternative means of
transport.
4. What would encourage the
growth of the international division of labour?
A an improvement in transport systems
B instability in international exchange
rates
C restrictions on the movement of
resources
D the widespread introduction
of tariffs
5
Which
piece
of
information
would
enable
you
to
construct
the
market
demand curve for a
product?
A the equilibrium price of the
product
B the number of consumers who
would purchase the product at each price
C the number of firms in the industry
D the quantity that each consumer would
be willing and able to buy at each
price
6 What is
most likely to increase the demand for compact
disc players?
A a fall in disposable
incomes
B a fall in the price of cinema
tickets
C a fall in the price of
compact discs
D a fall in the price of
video recorders
7 The price
elasticity of demand for good X is 1. At a price
of $$12, quantity
demanded is 4000
units.
What will be the price when the
quantity demanded is 20 000 units?
A
$$2.00
B $$2.40
C $$2.66
D
$$20.00
第
2
页
共
12
页
8
The
diagrams
show
possible
relationships
between
income
and
the
quantity
of a good purchased.
Which diagram
shows an inferior good?
9 When demand for a good increases,
equilibrium price stays the same.
What
is its elasticity of supply?
A
–
1
B zero
C +1
D infinite
10 The diagram shows the market for
computer games. The market starts in
equilibrium at X.
What will
be the new equilibrium if the tax on computer
games is increased
and incomes fall?
第
3
页
共
12
页
11
Assume
the
price
elasticity
of
demand
for
best-
quality
French
wine
is
zero.
What
would
be
the
effect
in
New
Zealand
if
the
New
Zealand
government
imposed a tariff
onsuch wine?
A The price of the wine
would rise by an amount less than the tariff.
B Demand for the wine would fall.
C Expenditure on the wine would rise.
D Sales of the wine would cease.
12
In
the
diagram,
S1
is
the
original
supply
curve
and
D
is
the
original
demand curve.
第
4
页
共
12
页
If
supply shifts to S2, which area represents the
change in consumer surplus?
A PQVT
B
PQW
C
PRVT
D TVW
13 In which situation are
there definitely positive externalities?
A Private benefits exceed private
costs.
B Private benefits exceed social
benefits.
C Social benefits exceed
private benefits.
D Social benefits
exceed private costs.
14
Correct use of cost-benefit analysis should
produce an outcome where
A social costs
are minimized and social benefits are maximized.
B social benefits are in excess of
social costs.
C marginal private
benefits equal marginal social benefits.
D marginal social benefits equal
marginal social costs.
15 A
lighthouse is considered to be a public good.
Which characteristic contributes to
this?
A It gives external benefit.
B It causes external cost.
C
It is non-excludable.
D There is
rivalry in its use.
16
The
diagram
illustrates
a
market
for
wheat.
The
government
sets
a
maximum
price of OP
.
What could cause the maximum price to
have an impact on the market?
第
5
页
共
12
页
A
an increased wheat harvest
B a fall in
the price of rice
C an advertising
campaign for bread
D an increase in
subsidies to wheat farmers
17 A government wishes to encourage the
consumption of a merit good and
reduce
the consumption of a demerit good.
Which policy should it adopt towards
each good?
A
B
C
D
merit good
impose a minimum price
increase advertising on the
benefits of the good
confine
access to certain age
groups
subsidise the good
demerit
good
produce only in the public sector
put legal controls on output
tax output
set a minimum
level of output
18.
The graphs
show the production possibilities for commodities
X and Y in
two countries M and N.
What will be the effect of
an agreement between M and N to exchange the
commodities at a rate of 1Y for 3X?
A
Both
countries
will
gain,
because
their
consumption
possibilities
will
increase.
B
Consumers
in
country
M
will
lose,
because
a
unit
of
Y
will
now
cost
3X
instead of 2X.
C Only country N will gain, because N
can produce more of both commodities
than M.
D Neither country
will gain, because they both have a comparative
advantage
第
6
页
共
12
页