题目内容

Thomas Robert Malthus believed that population growth would ( )

A. put stress on the economy’s ability to produce food, dooming humans to remain in poverty.
B. spread the capital stock too thinly across the labor force, lowering each worker’s productivity.
C. promotes technological progress, because there would be more scientists and inventors.
D. eventually declines to sustainable levels, as birth control improved, and people had smaller families.

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You deposit $2,000 in a savings account, and a year later you have $2,100. Meanwhile, the consumer price index rises from 200 to 204. In this case, the nominal interest rate is ( ) percent, and the real interest rate is ( ) percent.

A. 1, 5
B. 3, 5
C. 5, 1
D. 5, 3

A firm is producing 20 units with an average total cost of $25 and marginal cost of $19. If it were to increase production to 21 units, which of the following must occur? ( )

A. Marginal cost would decrease.
B. Marginal cost would increase.
C. Average total cost would decrease.
D. Average total cost would increase.

The Laffer curve illustrates that, in some circumstances, the government can reduce a tax on a good and increase the ( )

A. deadweight loss.
B. government’s tax revenue.
C. equilibrium quantity.
D. price paid by consumers.

Jane pays Chuck $50 to mow her lawn every week. When the government levies a mowing tax of $10 on Chuck, he raises his price to $60. Jane continues to hire him at the higher price. What is the change in producer surplus, change in consumer surplus, and deadweight loss? ( )

A. $0, 0, 10
B. $0, −10, 0
C. +$10, −10, 10
D. +$10, −10, 0

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