Ünite Sınavı Soruları

What can be said about the budget constraint if the prices of goods A and B doubled at the same time?

Which of the following is a constraint for consumption choices?

i-A decrease in income lowers the intercepts of the budget line

ii-A decrease in income causes a parallel outward shift

iii-A decrease in income will lead to less consumption of both goods

iv-A decrease in income won’t have an effect on the consumption of cheaper good

Choose the true effects of decreasing income on the budget curve and consumption of goods from listed statements above.

What happens to the income and substitution effects when the price of lamb chops falls?

Which of the following shifts the budget constraint of a consumer outward?

When the consumer allocates his entire budget to good A, which of the following represents the maximum amount he will receive from good A?
(I : monetary income; Pa : price of good A, Pb: price of good B)

What can be said about marginal utility as total utility decreases?

If a consumer's budget is I = 1000 TL, price of good X, Px = 7 TL, price of good Y, Py = 15 TL, what is the slope of the budget line?

Which of the following represents the willingness of an individual to substitute one good for the other?

A(An) ------------is “the combinations of quantities of X and Y that a consumer can purchase with certain amount of income or earning”.

Fill in the blank with a convenient answer.

Which of the following statements is true?

It is “the combinations of quantities of X and Y that a consumer can purchase with certain amount of income or earning”.

Which term is described above?

i- More goods are preferable to fewer goods

ii- Goods are substitutable

iii- Indifference curves can cross each other

iv- Indifference curves are everywhere dense

v- Indifference curves are always concave

Choose the properties of indifference curves from listed statements above.

Which theory listed below is an approach used by social scientists to understand human behavior?

When the real interest rate starts to decline, individuals become less willing to save due to_______ effect.

Which of the followings best fills in the blank?

Which of the following pair of goods is an example for perfect complements?

What are the effects of an increase in income while holding prices of goods constant on budget line and goods consumption?

"The ……effect is the change in consumption that results when a price change moves the consumer to a higher or lower indifference curve."

Which of the following concepts correctly completes the above definition?

" According to the ……. effect, an increase in real wages cause in ……. for employed workers to work more but to have less leisure time."

Which of the followings below best fill in the blanks above?

Which factor or factors listed below, can limit the nature and size of the market basket that consumers want to buy?

i-Prices of commodities

ii-Level of the consumer’s income

iii-Amount of commodities

iv-Variety of commodities