世新大學八十九年度轉學考試試題

 

年級

系別所

考試科目

二

財金系

經濟學

 

一、單選題，每題四分

 

1.      Which one of the following answers is wrong?    (A)Indifference curves are concave to the origin because of the law of diminishing marginal tare of substitution.    (B)If the last dollar spent on product X will generate a higher marginal utility than that of spent on product Y, then you should increase the consumption of product X.    (C)The price elasticity of demand for a product sill be more inelastic if spending on this product is in a very small proportion of the household’s budget.    (D)When demand is elastic, the total revenue is directly related to output.    (E)None of the above.

 

2.      Which one of the following answers is right    (A)A supply curve with larger slope will have smaller elasticity.    (B)In order to have higher tax products with higher elasticity of demand.    (C)When the price of the giffen foods increases, other things constant, its quantities demanded will decrease.    (D)Luxury goods are usually goods with positive price elasticity.    (E)Negative cross-price elasticity of demand indicates that two products are complements.

 

3.      Which one of the following answers is right    (A)The production possibilities frontier reflects the maximum possible combinations of two resources produced during a given time period.    (B)The economic model of production possibilities frontier is based on simplifying assumption, but is still useful for illustrating scarcity, opportunity cost, and economic growth.    (C)The straight-line PPF reflects that the resources are imperfectly adaptable.    (D)The typical concave shape of PPF represents the law of decreasing opportunity cost.    (E)None of the above.

 

4.      Which one of the following answers is right?    (A)The law of diminishing marginal returns results in that the slope of total cost becomes steeper in the short-run as more is produced.    (B)As output increases, diseconomies of scale lead to rising short-run average total costs.    (C)The expansion path shows the least-cost input combinations for producing each level of output, if input prices are constant.    (D)At the point of tangency between an isoquant and an isocost line, the society is maximizing the social value of output, given its resources and technology.    (E)If a monopolist engages in price discrimination, the marginal revenue curve is exactly the same as the firms’ demand curve.

 

5.      If the demand curve of product X is :Dx = 38-4Px ,and is supply curve is : Sx = 5+6Px. If government imposes$1 indirect sales tax, the consumer and producer individually needs to pay    (A)$0.4, $0.6    (B) $0.6, $0.4    (C) $0.75, $0.25    (D) $0.2, $0.8    (E)None of the above.

 

6.      Which of the following answers is right    (A)Firms in monopolistic competition use product differentiation to increase the price elasticity of demand.    (B)The demand curve face by a monopolistically competitive firm is less elastic than the demand curve faced by a monopolist, but is more elastic than the demand curve faced by a perfect-competitive firm.    (C)The kinked demand curve model describes an oligopoly where competitors match price decrease, but not price increases. (D)A profit-maximizing firm in monopolistic competition industry should shut down in the short run if prices are less than average fixed costs.    (E)The monopoly firms could raise price to as much high as possible in order to maximize profits.

 

7.      Which one of the following answers is right?    (A)The values of inventories should be included in the accounting of GDP.    (B)The demand-side economics in 1980’s focuses on increasing after-tax earnings by cutting tax and thereby providing resource owners with incentives to increase their provision of labor or resources.    (C)Full employment means no frictional unemployment.    (D)The U.S. trade deficit results in that Japanese owns many financial and real-estate assets in U.S.    (E)None of the above.

 

8.      Which of the following is wrong?    (A)Keynes believed that wages and prices are relatively sticky because of contract agreement and labor union.    (B)At lower price levels, consumption increases.    (C)Consumption is mainly a function of the level of disposable income.    (D)In the sticky wage model, the nominal wage has has fewer flexibility of going downward.    (E)The classical economist believed in the self-correcting mechanisms, including price level and government assistance.

 

9.      Which of the following is right?    (A)If the short-run equilibrium level of GDP is less than the long-run equilibrium level, them as the economy approaches the long run, the price level will increase and output will decrease.    (B)Assume that there are no excess reserves in the banking system. When the required reserve ratio is 20%, an individual’s purchase of $100,000 in U.S. government bonds from another individual can increase the money supply of $50,000.    (C)If an initial increase in excess reserves of $1,000 can generate a maximum increase in the money supply of $4,000, the required reserve ratio must be 40%    (D)An increase in the minimum wage would shift the aggregate supply curve inward.    (E)Fiat money is redeemable for gold or silver.

 

10.  A country has following macroeconomics dats:(unit:billion)

Net Investment

$100

Imput

30

Personal Income Tax

50

Depreciation

40

Govt. Expenditure

150

Price Level

130

Export

50

Consumption

500

Population

2

 

      What is its real GDP per capita approximately?

      (A) $623    (B) $312    (C) $592    (D) $296    (E)None of the above

 

 

二、複選題，每題四分(全對才算分)

1.      以下何者為錯？    (A)  成色十足之金元寶非Token money    (B)  當某人從15小時以上之無酬家屬工作換發至外商公司上班，失業率會降低    (C)  一個高中畢業生直接進入大學就讀，失業率會降低    (D)  台灣經濟發展的成果，使得近年來的吉尼系數值逐漸加大    (E)  若利率上升，貨幣需求會上升

 

2.      以下何者為錯？    (A)  短期平均固定成本不會隨著產量之增加而變動    (B)  邊際產出與平均產出相交點之生產量亦為邊繼成本與平均變動成本相交點之生產量    (C)  邊際產出與平均產出相交點，為平均產出之最高點    (D)  長期平均成本線上各點，是短期平均成本線上之最低點，也為最短期平均成本線之包絡曲線(envelope curve)

 

3.      若經濟社會之產能已達充分就業狀況，政府增加其支出使總合需求增加，就長期均衡而言，將使    (A)  經濟社會之actual output大於potential output    (B)  只使物價膨脹，實質薪資不變，名目薪資增加    (C)  預期物價水準會等於實際物價水準    (D)有助於改善失業問題    (E)　　造成菲利浦曲線右移

 

 

三、計算問答題

1.      (14分)

請用IS-LM與總合供需模型評估下列事件對總體經濟體系之長、短期影響及其意義：

(A)        央行升息

(B)         政府將獎勵投資條例延長十年

 

2.      (10分)

何謂「新經濟」？試以經濟理論模型評論「新經濟」的發展對總體經濟體系之多面性影響，並以近期美國經濟為例說明之。

 

3.      (9分)

請利用firm與industry之供需曲線，以及成本收益曲線之圖形與文字詳細說明：一完全競爭廠商在成本遞增產業中，當面臨需求增加時之長期均衡如何達成，並請找出長期供給曲線。此外，產品之均衡價格，個別廠商產出及產業總產出又有何改變？請舉一實際例子說明之。

 

4.      (15分)

A music-loving college student spends his income on compact disks (CDs) and all other goods (Y). This struggling student has $300 per month to spend and is stuck in a town where CDs cost $20 each and Y costs$1 each.

(A)        Draw the consumer’s budget line and show his preferred choice if he buys 10 CDs per month.

(B)         Once the CDs prices go down to $10each, please use the graph to show the income and substitution effect.

(C)        One CD company offers a special deal: the student can buy all the CDs he wishes for $10 each after paying a membership fee of $100per month. Draw the budget line that applies with this offer.

(D)        Is our student better off if he takes the offer? Why?

(E)         For part(C), what would be true if he originally bought fewer than 10 CDs per month?