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20 If a large amount of “hot money” flows into Taiwan, what change will occur in the country’s balance of payments? (A) The current account balance decreases. (B) The current account balance increases. (C) The financial account balance decreases. (D) The financial account balance increases.

19 Which of the following policies is most consistent with the predictions of the Gravity Model of trade? (A) Encouraging domestic firms to increase research and development spending in order to reduce average production costs. (B) Reducing cross-border transportation and transaction costs through regional economic integration. (C) Requiring all firms to export goods while prohibiting them from importing products in the same category. (D) Dividing the domestic market into more administrative regions in order to increase product variety.

18 An international concert promoter receives US$1 million in ticket revenue from overseas and needs to convert the funds into British pounds to pay venue rental fees. The finance manager observes the following three spot exchange rates: US$1 = €0.8 €1 = £0.7 US$1 = £0.5 Assume that transactions can be conducted simultaneously in all three markets and that there are no transaction costs, bid–ask spreads, or quantity restrictions. Which of the following is correct? (A) There is no arbitrage opportunity. (B) The arbitrage profit is US$120,000. (C) The arbitrage profit is £50,000. (D) Whether a triangular arbitrage opportunity exists is not related to the British pound exchange rate.

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18 依著作權法規定,下列關於製版權之敘述,何者錯誤? (A)係針對無著作財產權或著作財產權消滅之文字著述或美術著作 (B)採登記主義 (C)保護期間係自製版完成起 20 年 (D)製版人就其版面,專有以影印、印刷或類似方式重製之權利

22 中央法規標準法第 6 條規定「應以法律規定之事項,不得以命令定之」,係關於下列何種基本原則之規 定? (A)法律優位原則 (B)法律保留原則 (C)法律明確性原則 (D)法律授權明確性原則

26 甲、乙、丙、丁、戊共有 A 地,其應有部分為均等。下列敘述何者符合民法關於共有物處分及管理之規定? (A)丁得單獨處分其應有部分 (B) A 地的管理,應以全體共有人的同意行之 (C) A 地的處分,得以應有部分合計逾三分之二的共有人之同意行之 (D) A 地的處分,得以共有人過半數及其應有部分合計過半數之同意行之

25 依所得稅法規定,有關出售自住房屋,其房地交易所得稅之優惠,下列敘述,何者錯誤? (A)免稅所得額,以按該法第 14 條之 4 第 3 項規定計算之餘額不超過四百萬元為限 (B)個人或其配偶、直系親屬辦竣戶籍登記、持有並居住於該房屋連續滿六年 (C)交易前六年內,無出租、供營業或執行業務使用 (D)個人與其配偶及未成年子女於交易前六年內未曾適用該法第 4 條之 5 第 1 項第 1 款規定

13 假設小丁、小白、小珍及小黑都住在某塊荒地的附近。但是此荒地並未種植任何樹木。下表為這 4 人分別對種樹願付的最高價格,假設種植每棵樹的成本為 300 元。若要使 4 人的總剩餘達到最 大,則應該種植幾棵樹木? (A) 1 棵樹 (B) 2 棵樹 (C) 3 棵樹 (D) 4 棵樹

14 有關理性預期(rational expectations),下列敘述何者正確? (A)人們只根據過去的通貨膨脹經驗來預測未來物價 (B)每個人都擁有充分的資訊,可以完美的對未來做預期 (C)每個人擁有的資訊完全相同,因此預期的平均誤差是零 (D)人們擁有的資訊並不完全,會使用目前所擁有的全部資訊做預期