Which of the following is not a characteristic of a distinct good or s

1.According to IFRS 15 Revenue from Contracts with Customers, which of the following describes the adjusted market assessment approach for estimating the stand-alone selling price of goods and services? 选项： A:An entity forecasts its expected costs of satisfying a performance obligation and then adds an appropriate margin for that good or service. B:An entity evaluates the market in which it sells goods or services and estimates the price customers would be willing to pay for those goods or services. C:An entity evaluates the cost of goods or services purchased and estimates the price customers would be willing to pay for those goods or services. D:An entity estimates the stand-alone selling price as the total transaction price less the sum of the observable stand-alone selling prices of other goods or services promised in the contract.

2.Which of the following correctly lists what is included in the consumption component of GDP?选项： A:household purchases of services and household purchases of nondurable goods but not any household purchases of durable goods; B:household purchases of nondurable goods and durable goods other than residential construction but not household purchases of services; C:household purchases of services, nondurable goods, and all durable goods; D:household purchases of services, nondurable goods, and durable goods other than residential construction

3. Consumer surplus is the ________ summed over the quantity bought. 选项： A、 marginal social benefit minus the marginal social cost B、 number of dollars' worth of other goods and services forgone to obtain one more unit of a good or service C、 value of a good or service minus the price paid for the good or service D、 value of a good or service plus the price paid for the good or service

4.Which of the following is false concerning a bill of lading? A. It is a receipt showing that a seller transferred possession of goods to a shipper. B. It is a contract under which the shipper agrees to transport goods to the buyer. C. It is an engagement by a bank or other person made at the customer’s request to pay drafts or other demands for its customer. D. It shows who has ownership of the goods.

5.Consumer surplus is the ________ summed over the quantity bought. (
) 选项： A、marginal social benefit minus the marginal social cost B、number of dollars' worth of other goods and services forgone to
obtain one more unit of a good or service C、value of a good or service minus the price paid for the good or
service D、value of a good or service plus the price paid for the good or
service

6.The U.S. has a balance of trade deficit when its:选项： A:Merchandise exports exceed its merchandise imports; B:Merchandise imports exceed its merchandise exports; C:Goods and services exports exceed its goods and services imports; D:Goods and services imports exceed its goods and services exports

7. Net exports of goods and services equal the A: exports of goods and services divided by the imports of goods and services. B: exports of goods and services plus the imports of goods and services. C: exports of goods and services minus the imports of goods and services. D: imports of goods and services minus the exports of goods and services.

8.Which of the following statements is FALSE? 选项： A、Goods or services that have few close substitutes generally have a less elastic demand. B、 Goods or services for which a greater proportion of income is spent on the item generally have a more elastic demand. C、 A narrowly defined good or service generally has a less elastic demand. D、 The longer the time that has elapsed since a price change, the more elastic the demand.

9.International trade in goods and services is sometimes used as a substitute for all of the following except: 选项： A、International movements of capital B、International movements of labo C、Domestic production of the same goods and services D、Domestic production of different goods and services

10.The seller is obligated to transfer the( ) of the object of sale to the buyer.选项： A:ownership B:goods C:services D:goods and services

11. A Chinese export company exported some boxes of apples to Japan, and the apples should be Grade Two according to the contract. When the seller made the shipment, he found some of the apples were corrupt. In order to deliver the goods in time, the seller arranged goods immediately sending other apples (Grade One, better than Grade Two) instead, and he still marked “price be still fixated on Grade two”. Which statements as following are true? 选项： A: The seller breached the contract because he had delivered goods not conforming with the contract. B: The seller fulfilled the contract because he delivered goods better than the level required by the contract. C: The buyer should take over the goods even if the seller had breached the contract. D: The buyer should accept the performance because the seller had fulfilled the contract.

13.A ___, or ___, is an organization that owns or controls the production of goods or services in one or more countries other than their home country. It can also be referred to as an___, a ___, or a ___.

14.Which of the following is NOT part of the first big economic question 选项： A、What goods and services are produced B、How are goods and services produced C、For whom are goods and services produced D、Why do incentives affect only marginal costs

15.In Indirect offset, the exporter may be obliged to buy goods or services from the _______country without any link to the product sold. 选项： A、 selling B、importing C、third D、other

16.A Chinese export company exported some boxes of apples to Japan, and the apples should be Grade Two according to the contract. When the seller made the shipment, he found some of the apples were corrupt. In order to deliver the goods in time, the seller arranged goods immediately sending other apples (Grade One, better than Grade Two) instead, and he still marked “price be still fixated on Grade two”. Which statements asFollowing are true? 选项： A: The seller breached the contract because he had delivered goods not conformingWith the contract. B: The seller fulfilled the contract because he delivered goods better than the levelRequired by the contract. C: The buyer should take over the goodseven if the seller had breached the contract. D: The buyer should accept the performance because the seller had fulfilled the contract.

17.(判断题, 2分)If the price is calculated by the weight of the goods，the gross weight should be used unless stipulated other in the contract. 选项： A:正确 B:错误

18.The term “productivity” ( ) 选项： A:means the same thing as “efficiency. ” B:is seldom used by economists, as its meaning is not precise. C:refers to the quantity of goods and services produced from each unit of labor input. D:refers to the variety of goods and services from which households can choose when they shop.

19.Consumer surplus from a good is the ________, summed over the quantity bought. 选项： A、the marginal social benefit received minus the marginal social cost of producing it B、number of dollars’ worth of other goods and services forgone to obtain one more unit of a good or service C、the excess of the value of the good to the consumer over the price the consumer paid for it D、the excess of the total value of the good to all consumers over the total cost of producing the good

20. Any of the following may cause a shift in the supply curve except: 选项： A、 a change in income B、 unplanned events C、 the selling price of other goods to which the producer could switch production to D、 costs of production

21.Which of the following statements are incorrect?选项： A:Direct distribution is particularly common for service products. B:Direct distribution isn’t particularly common for neither goods nor services. C:Direct distribution is particularly common for physical goods. D:Direct distribution is particularly common for both goods and services.

22.Which of the following option belongs to goods and services taxes?