基本概念

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71.

When a centrally-planned economy has changed and become a market economy,

72.

A scarce resource has the following characteristic:

73.

Which of the following are opportunity costs of attending school?

(1)school fees
(2)income forgone
(3)poor examination results
(4)expenditure on dinners
74.

In a market economy, the allocation of goods and services among consumers is basically determined by

75.

Owing to the problem of scarcity in a society, we have to

(1)impose price controls
(2)make choices
(3)adopt a planned economic system
(4)compete against one another
76.

Susan is choosing between two jobs: being a teacher and being a singer. If she chooses to be a singer, her opportunity cost will include

77.

Which of the following are economic goods?

(1)social welfare provided by the government
(2)gifts from parents
(3)flowers in a garden
78.

Scarcity of commodity X will NOT occur when

79.

Tommy was asked to choose one birthday present from the following three things: a model spaceship, a walkman and a jacket. He liked the model spaceship the most and the walkman second. What would be his opportunity cost if he chose the model spaceship?

80.

A free good is a good which

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