Microeconomics 2011 Chapter 18 微观经济 教学课件.ppt

* * * * * * * * * A * A * D * C * B * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Multiple Choice 2. If the desire for leisure increased, the wage rate would Rise and employment would fall Rise and employment would rise Fall and employment would fall Fall and employment would rise Fall and employment may rise or fall Multiple Choice 3. As the wage rate rises, a household will have a backward-bending labour supply curve if The income effect reinforces the substitution effect The wage rate rises above the reservation wage The substitution effect dominates the income effect The income effect dominates the substitution effect Leisure is an inferior good Multiple Choice 4. An example of derived demand is the demand for Sweaters derived by an economics student Sweaters produced by labour and capital Labour used in the production of sweaters Sweater brushes None of the above Multiple Choice 5. If the wage rate increases, the income effect will give a household an incentive to Raise its reservation wage Increase leisure and decrease work Increase work and decrease leisure Increase both work and leisure Decrease both work and leisure Multiple Choice 6. Which of the following would unions be least likely to support Increasing the legal minimum wage Restricting immigration Encouraging imports Increasing demand for the goods their workers produce Increasing the marginal product of union labour Multiple Choice 7. A union is formed to restrict labour supply in a market previously perfectly competitive labour market. If the union succeeds in raising the wage, Employment will fall Employment will rise Employment will not change The total wage bill will rise The total wage bill will fall “Don’t go where the ball isGo where the ball is going” Imagine what is going to happen in/with: Medicine Biotechnology Nanotechnology Telecommunications Manufacturing /wiki/Anthony_Atala /hardware-features/53703-mit-unveils-holographic-tv-system The only thing that is c