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1、2012年金融专业英语证书考试FECT模拟试题及答案-8SECTIONONE(Compulsory)：Single-choicequestions Multiple-choicequestions:fromthefollowingfouroptions,selectacorrectandfillinitslabelingthebrackets.(Atotalof10points) 1.TomcannottellthedifferencebetweenCokeandPepsi.ForTom,thesegoodsare:()
2、 A.Perfectsubstitutes. B.Perfectcomplements. C.Necessities. D.Noneoftheabove. 2.SupposetheeconomyisrunningatthelevelofpotentialGDP,anincreaseingovernmentspendinginthelongrunwill___thepriceleveland___theoutputlevel, A.Increase,notchange B.Increase,increase C.I
3、ncrease,decrease D.Decrease,increase 3.Foranaturalmonopoly,theoptimalpolicyforaregulatortosetisapricesuchthat:() A.Thepricelevelequalsmarginalcost. B.Thepricelevelequalsaveragevariablecost. C.Thepricelevelequalsaveragetotalcostbuthigherthanmarginalcost. D.Thep
4、ricelevelislowerthanmarginalcostbuthigherthanaveragetotalcost. 4.IfADshiftstotherighttoadapttooilshocksfromOPEC,then:() A.PandGDPwillremainnormalautomatically. B.GDPmaybeunchangedalthoughPwillrise. C.GDPwillriseandPwilldrop. D.ThedomesticPofoilwilldrop. 5.Scho
5、olstudentspayingalowerfarethanadultsontheMTRtrains,orcheaperticketstothetheatre,isanexampleof:() A.Thesuppliersmakinglessprofitbecausesomecustomerspayalowerprice. B.Consumersobtainingmoreconsumersurplus. C.Pricediscriminationallowingthesupplierstomakemoreprofitfr
6、omchargingahigherpricetocustomerswhosedemandismoreelastic. D.Pricediscriminationallowingthesupplierstomakemoreprofitfromchargingalowerpricetocustomerswhosedemandismoreelastic. 6.Whenthenominalinterestraterises,() A.Economicactivityisencouraged. B.Therealinterest
7、raterisesandthepriceofbondsrises. C.Inflationrisesandtherealinterestratefalls. D.Therealinterestraterisesandthepriceofbondsfalls. 7.Afirmhasfixedcostsof£100,000permonthandvariablecostsof£25foritem.Itproposestoselltheseitemsfor£50each.Whatisthebreak-evenoutputfort
8、hisfirm?() A.4,000units B.4,000unitsinamonth. C.Cannotbeworkedoutfromtheinformation. D.2,000unitspermonth. 8.ForanA-ratedcorporatebon
