所屬科目:研究所、轉學考(插大)-經濟學
1. Suppose the government has declared beer to be an illegal substance and has imposed equal penalties on any person caught buying a beer and on any person caught selling a beer. Using the above figure, in which CBL is the cost of breaking the law, by how much is beer consumption decreased by the penalties? (A) Beer consumption is decreased by 200 quarts. (B) Beer consumption is decreased by 400 quarts. (C) Beer consumption is decreased by 300 quarts. (D) Beer consumption is decreased by 500 quarts.
3. In the above figure, the government has imposed a tax on sellers of pizza. The amount of the tax(A) is $40. (B) is $10. (C) is $30. (D) cannot be determined without more information.
5. In the above figure, the government has imposed a tax on sellers of pizza. After the tax has been imposed, the after-tax price of a pizza is _______ and the equilibrium quantity is _______ per year. (A) $20; 40 million (B) $10; 60 million (C) $20; 20 million (D) $30; 20 million
8. Market power is the _______. (A) political power of monopolies. (B) size of the market. (C) forces of supply and demand. (D) ability of a firm to set its price.
11. The figure above shows the demand and cost curves for a single-price monopolist. What economic profit does this firm earn? (A) $400 (B) $200 (C) zero (D) $600
14. Dell and Gateway must decide whether to lower their prices, based on the potential profits shown in the payoff matrix above. (The profits are in millions of dollars.) If the firms collude and don't cheat, Dell's profit is _______ million and Gateway's profit is _______ million. (A) 5; 20 (B) 15; 15 (C) 10; 10 (D) 20; 5
15. The firm shown in the figure above is _______. (A) not a natural monopoly because its MC curve is below its ATC curve. (B) not a natural monopoly because its MC curve is horizontal. (C) not a natural monopoly because its ATC curve slopes downward where it intersects the demand curve. (D) a natural monopoly because its ATC curve slopes downward where it intersects the demand curve.
17. The above figure shows how an individual evaluates a bet in which he or she has a 0.5 probability of receiving $20 and a 0.5 probability of receiving $200. The individual would be indifferent between (A) $200 with certainty or the expected value of the bet. (B) $20 with certainty or the expected value of the bet. (C) $110 with certainty and the expected value of the bet. (D) $80 with certainty or the expected value of the bet.
19. James has a utility of wealth schedule in the above table. He is offered a job selling video games at Games Galore. James' compensation depends on how much he sells. In a poor sales period, a salesperson makes $100 per month. In a good sales period, a salesperson makes $600 per month. James is told by the manager that, in any given month, there is a 25 percent chance of a poor sales period and a 75 percent chance of a good sales period. What is James' expected utility from taking this job? (A) 150 (B) 175 (C) 100 (D) 200
20. Based on the above figure that shows the pre-trade PPFs for the nations of Utopia and Apogee, when trade begins between Utopia and Apogee, it will be profitableI. for Utopia to export cars.II. for Utopia to export trucks.III. for Apogee to export cars. (A) I and III (B) I only (C) II only (D) II and III
22. In the above figure, flow B represents _______. (A) household borrowing (B) household income (C) household purchases of goods and services (D) firms' payments for labor services
25. Using the information in the table above, depreciation equals _______. (A) $90 billion. (B) -$70 billion. (C) -$90 billion. (D) some amount that cannot be determined.
26. The payoff matrix of economic profits above displays the possible outcomes for Bob and Jane who are involved in a game of whether or not to advertise. After each player chooses his or her best strategy and sees the result, (A) if Bob does not change his move, Jane would like to change hers. (B) if Jane does not change her move, Bob would like to change his. (C) Bob only would like to move to another square. (D) neither player would be willing to change unless the other does also.
28. Using the information in the table above, calculate the government's budget deficit or surplus. (A) -$4 (B) -$10 (C) $2 (D) $4
34. Which of the following are part of a commercial bank's reserves? I. cash in the bank's vaults II. loans III. cash in checking accounts (A) I, II and III (B) I only (C) I and II (D) I and III
35. According to the above balance sheet, the required reserve ratio for the ABC Bank is _______. (A) 20 percent. (B) 10 percent. (C) 15 percent. (D) 5 percent.
37. If the natural rate of unemployment increases, then the long-run Phillips curve _______ and the short-run Phillips curve _______. (A) shifts leftward; shifts rightward (B) shifts rightward; shifts rightward (C) shifts rightward; shifts leftward (D) does not shift; shifts rightward