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1、Key to ExercisesUnit 1 I.Promote trade and growth Maximize production levels Spawn disciplineMake assumptions Allocate resources II.1. allocate 2. spectrum 3. advocate 4. constitute 5. discipline 6. resource 7. want 8. scarcity 9. production10. economics III.1. A2. B3. D4. AUnit 2 I.allocate resourc
2、es release CDs and books supply goods and servicesforgo consumption of sugar construct a graph.👉 6 页II.1. demand; 2. supply; 3.price; 4. resource; 5. consumption;6. equilibrium; 7. shift; 8. product; 9. correlation; 10.allocationIII.1.C2.B3.A4.A5.BUnit 3 I.Masximize utility Cross thresholdFu
3、lfill wants and needs Assign an amountGain benefit II.1. threshold2. utility3. aggregate4. satisfaction5. consumption6. marginal7. maximize8. rational9. curve10. demand III.1. C2. D3. BUnit 4 I.Increase outputsForgo choices Manage resources Change mind Trade goodsII.1. specialization2. cost3. defici
4、ency4. absolute5. supply6. hypothetical7. pricing8. advantage9. efficiency10. opportunityIII.1. B2. C3. A4. CUnit 5 I.trade off pork for beefpartly out of preference and partly out of pricecompare the price of a good with what it was ten years ago relative to overall price levelprice adjusted / corr
5、ected for inflation measure the price of a good in nominal pricescalculate the 2007 price of pork in terms of 1983 dollars measure in constant dollars and current dollars respectivelyII.1.nominal price 2.purchasing power 3.constant dollar 4.corrected price 5.market basket 6.overall prices 7.current
6、dollar 8.consumer price index 9.real priceIII.1.D2.A3.C4.C5.DUnit 6 I.1. distinguish between nominal and real GNP2. multiply the prices and the quantities3. correct GNP for inflation4. maintain a base year up to date5. affect all the industries in the same direction II.1. GDP2. depreciation3.GNP4. i
7、ntermediate goods 5. double counting6.final goodsIII.1. F2.F3.T4. F5. T6. T7. F8. T9. T10. TUnit 7 I.describe a similar negative correlation alter price and incomepush upward the economypeg a nominal or real quantity face a tradeoffII.1. minimum wage, 2.liabilities, 3.fiscal policy, 4.currency, 5.mo
8、netary policy, 6.bank reserves, 7.natural rate of unemployment, 8.efficiency wage, 9.misery index III.1.B 2.D 3.A 4.C 5.DUnit 8 I.1. promote export2. attain balance3. implement policies4. meet the balance5. stimulate capital inflows6. stabilize the economy II.1. tariff2. specific duties3. ad valorem duties4. exchange rate5. floating rate6. equilibrium7. surplus8. infant industry9. quota 10.barriers III.1. C2. D3. B4. D5. A