Economics 【Reading 13】Sample engine, likely, because, 2012

JustasS

An internal combustion engine is best described as a(n):

A) intermediate good.

B) finished good.

C) factor of production.

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Engines are most likely to be considered intermediate goods because they are used in the production of such finished goods as motor vehicles. They are unlikely to be considered finished goods, even though consumers might occasionally purchase them, because their primary use is in the production of other goods that are driven by engines.

我爱明珠

感谢分享哈～ 知识点又巩固了

mirabelle9042

为何政府补贴会引起供给曲线右移但限额确不会引起供给曲线左移呢？

mirabelle9042

请问这个sample是从历年经济学部分sample里总结的题目吗？？这个题目是不是复习完每个单元后做比较好？

mimiaifeng

一个晚上做完13单元题目。还不错。只是答案以红字出现，不利于自行独立判断。望把答案隐秘下。最后感谢你的分享哈。

mimiaifeng

回复 40# cyber21


    题目貌似有误吧。应该是竞争市场，非完全竞争市场吧。。

mimiaifeng

回复 14# cyber21


    为什么无效损失对产量过低或过剩，消费者，生产者剩余都下降呢？

geniealice

Thanks for sharing. ~

Mechanic

A good is most likely to demonstrate higher price elasticity of demand:

A) when there are few substitutes for the good, than when there are many good substitutes.

B) if it represents a small portion of the consumer’s budget, than if it represents a large portion.

C) in the long run than the short run.

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A good is likely to show a high price elasticity of demand when there are good substitutes, it represents a large proportion of consumer spending, and in the long run as consumers make changes that take time to implement in response to price changes for the good.

Mechanic

If the price elasticity of a linear demand curve is −1 at the current price, an increase in price will lead to:

A) no change in total revenue.

B) an increase in total revenue.

C) a decrease in total revenue.

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On a linear demand curve, demand is elastic at prices above the point of unitary elasticity, so a price increase will decrease total revenue.