金融英语-金融英语中级经济学模拟3

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1、金融英语中级经济学模拟3SECTIONONEQuestion1Answerallquestions・Headthefollowingstatementsandchoosethebestanswerbywritingthealphabeticalletterontheanswersheets・Aproductionfunctionforafirmdescribes・a•whatshouldbeproducedtomaximizeprofit•b・whatistechnologicallyfeasiblew

2、henthefirmproducesefficiently.c.whatrevenueisearnedfromproducingefficiently.d.whatthefirmproduceswithgiveninputs.2Whichofthefollowingisnotacharacteristicofacompetitiveindustry?a•Therearemanyfirms.b.Allfirmsproducehomogeneousproducts,whicharesubstitutable

3、foreachother•c.Thereisafiercepricewaramongrivals.d>Firmscanenterandexittheindustryfreely.3Supposethedemandforteaisveryprice-elastic.Toincreaserevenue,theteasuppliershouldthepricelevel.a•increaseb•decreasec.notchanged.uncertain4、Foranaturalmonopoly,theopt

4、imalpolicyforaregulatortosetisapricesuchthat•a•thepricelevelequalsmarginalcost

5、fADshiftstotherighttoadapttooilshocksfromOPEC,thena•PandGDPwillremainnormalautomatically.b•GDPmaybeunchangedalthoughPwillrise.c•GDPwillriseandPwilldrop•d.thedomesticPofoilwilldrop・6、WhichofthefollowingwouldNOTcauseashiftupwardoftheconsumptionschedule?a.A

6、nincreaseinb.Anexpectationc.Areductionind.Anincreaseinhouseholdwealth.ofrisingincomesinthefuture

7、rices.c.realGDPisrising.d.NoconclusioncanbedrawnconcerningtherealGDPoftheeconomyonthebasisofthisinformation.8^Supposemoneysupplyandthegeneralpricelevelremainthesame,andmoneydemandisthefunctionofincomeandinterestrate,anincreaseinincomeswill.a.increaseboth

8、moneydemandandinterestrate.b.increasemoneydemandbutlowerinterestrate.c•decreasemoneydemandbutincreaseinterestrate.d.decreasemoneydemandandinterestrate•9、Theunemp1oymentduetoeconomicrecessionshouldbeconsideredas•a•frictiona