Chapter 1 The Foundations of Business

Chapter 1 单元测试

1、单选题:
​_____ not only provide factors of production (or resources) but also consume goods and services.‍
选项:
A: Suppliers
B: Nonprofits
C: Entrepreneurs
D: Households
答案: 【 Households

2、单选题:
​When government-owned businesses convert to private ownership, they go through a process called _____.‎
选项:
A:  consumerization
B: socialization
C: domestication
D: privatization
答案: 【 privatization

3、单选题:
​The free market system was espoused by _____ in his book The Wealth of Nations.‏
选项:
A: Joseph Smith
B: Eli Whitney
C: Adam Smith
D:  Benjamin Franklin
答案: 【 Adam Smith

4、单选题:
‍Product differentiation can be achieved by _____.‍
选项:
A: geographical circumstance
B: pricing
C: perceived value
D: all of these
答案: 【 all of these

5、单选题:
‍Under _____ competition, many sellers sell differentiated products that serve similar purposes.‍
选项:
A: monopolistic
B: perfect
C: capitalistic
D: free market
答案: 【 monopolistic

6、单选题:
‌Because they operate in a(n) _____ industry, a fare decrease at American Airlines will likely result in decreases at Continental, United, and other carriers.‏
选项:
A: socialistic
B: monopolistic
C: oligopolistic
D: noncompetitive
答案: 【 oligopolistic

7、单选题:
‏When sellers supply more of the product than buyers are willing to purchase, a ______ is created.‏
选项:
A: shortage
B: supply and demand schedule
C: surplus
D: demand
答案: 【 surplus

8、单选题:
‎Businesses are more willing to sell a product when the price _____ and less willing to sell it when prices _____.​
选项:
A:  rises / rise
B: rises / fall
C: falls / rise
D: falls / rise
答案: 【 rises / fall

9、单选题:
​In marketing, supply and demand interact to create a(n) _____price—the price at which buyers are willing to purchase the amount that sellers are willing to sell.‏
选项:
A: equilibrium
B: gross domestic
C: optimal
D: consumer
答案: 【 equilibrium

10、判断题:
​Previously communist economies, such as those of Eastern Europe, are becoming more mixed as they adopt capitalist characteristics and convert previously government-owned businesses to private ownership​
选项:
A: 正确
B: 错误
答案: 【 正确

11、判断题:
‍Economics is the study of how scarce resources are used to produce outputs—goods and services—for distribution among people. ‌
选项:
A: 正确
B: 错误
答案: 【 正确

12、判断题:
‏Economists study the interactions between households and businesses and look at the ways in which the factors of production are combined to produce the goods and services that people need. ‍
选项:
A: 正确
B: 错误
答案: 【 正确

13、判断题:
​In an oligopoly, each seller supplies a large portion of all the products sold in the marketplace. ‍
选项:
A: 正确
B: 错误
答案: 【

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