104年 - [無官方正解]104 國立嘉義大學_轉學生招生考試試題：經濟學#145185

1. The key feature of monopolistic competition that distinguishes it from perfect competition is
(A) many sellers.
(B) barriers to entry.
(C) interdependency.
(D) product differentiation.

2. In 2007 Nike reduced the price of its running shoes by 20 percent. As a result, the substitution
effect caused
(A) the demand for Nike shoes to increase.
(B) people to switch from Adidas shoes and buy more Nikes.
(C) the relative price of Nikes to increase.
(D) the demand curve for Nikes to shift rightward.

3. If the wage that a competitive firm must pay its workers exceeds their value of marginal product,
the firm will
(A) decrease the quantity of labor it employs.
(B) increase the quantity of labor it employs.
(C) lower the price of the good.
(D) raise the price of the good.

4. In the national income accounts, the purchase of a new house counts as
(A) consumption expenditure.
(B) a transfer.
(C) investment.
(D) an addition to inventory.

5. The above table gives Sue's marginal utility schedules for sub sandwiches and Mountain Dew, the only products Sue consumes. Suppose the price of a sub sandwich is $4 each and the price of a Mountain Dew is $2 each. Sue's income is $12. If Sue is at a consumer equilibrium, she eats ________ sub sandwich(es) and drinks ________ Mountain Dews.
(A) 0; 6 (B) 1; 4 (C) 2; 2 (D) 3; 0

6. An increase in a nation's population results in
(A) a rightward shift in the labor demand curve.
(B) a movement along the nation's production function.
(C) a decrease in the full-employment quantity of labor.
(D) an upward shift of the nation's production function.

7. In the above figure, suppose the demand for dollars permanently decreases to D₂. To maintain the target, the Fed
(A) can buy dollars.
(B) can sell dollars.
(C) must decrease the nation's net exports.
(D) cannot permanently maintain the exchange rate target of 150 yen per dollar.

8. At the midpoint of a downward sloping straight-line demand curve, the demand
(A) is elastic. (B) is unit elastic.
(C) is inelastic. (D) has an elasticity exactly equal to zero.

9. An increase in government expenditure shifts the AD curve ________ and an increase in taxes
shifts the AD curve ________.
(A) rightward; rightward (B) rightward; leftward
(C) leftward; rightward (D) leftward; leftward

10. When the Fed lowers the federal funds rate, aggregate demand
(A) increases. (B) decreases.
(C) stays the same. (D) could increase, decrease or stay the same.

11. The output gap can be used to estimate the extend to which the Fed misses its goal of
(A) moderate long-term interest rates. (B) stable prices.
(C) maximum employment. (D) monetary policy.

12. A bank creates money by
(A) lending its excess reserves (B) purchasing currency from the Federal Reserve
(C) buying bonds from the Federal Reserve (D) printing more checks

13. Ricardo buys cola and popcorn. Cola sells for $0.50 a can and popcorn sells for $1 per bag. He is in
consumer equilibrium. The price of a cola jumps to $1 per can. In his new consumer equilibrium,
Ricardo's
(A) marginal utility of cola will be equal to his marginal utility of popcorn.
(B) marginal utility per dollar spent will be 2.
(C) total utility will be higher.
(D) marginal utility of cola will decrease.

14. Consider the change in the price of a book depicted in the above figure. The original budget line is
BC. The new budget line is BD. As a result of this price change, the income effect can be
represented by a movement from
(A) point E to point F. (B) point E to point G.
(C) point A to point G. (D) point A to point F.

15. In the above figure, the marginal cost curve is curve
(A) A. (B) B. (C) C. (D) D.

16. The principle of increasing opportunity cost leads to
(A) a production possibilities frontier (PPF) that is bowed inward from the origin.
(B) a production possibilities frontier (PPF) that is bowed outward from the origin.
(C) an inward shift of the production possibilities frontier (PPF).
(D) an outward shift of the production possibilities frontier (PPF).

17. Because of changes in the ________, the long-run effect of a $10 increase in investment on real
GDP equals ________.
(A) interest rate; zero (B) interest rate; $10
(C) money wage rate and price level; zero (D) money wage rate and price level; $10
Katie Bobby
Quantity Marginal benefit (dollars per submarine) Quantity Marginal benefit (dollars per submarine)

18. The above table shows the marginal benefit from submarines for the only two citizens of a country.
Submarines are a public good. If submarines cost $100 a piece to produce, what is the efficient
quantity of submarines?
(A) 0 (B) 1 (C) 2 (D) 3

19. The Coase theorem applies when property rights are given
(A) to the victim of pollution but not to the polluter. (B) to the polluter but not to the victim.
(C) to either the polluter or the victim. (D) neither to the polluter nor to the victim.

20. Reported GDP increases when, in fact, total production is unchanged when
i. there is a shift from household production to market production.
ii. a previously illegal activity is legalized.
(A) i only (B) ii only
(C) Neither i nor ii (D) Both i and ii.

21. Approximately, the real interest rate _______ the inflation rate ________ the nominal interest rate.
(A) plus; equals (B) equals; plus (C) equals; minus (D) minus; equals

22. The short-run aggregate supply curve
(A) shows what each producer is willing and able to produce at each level of income holding
constant potential GDP and all resource prices.
(B) shows the relationship between aggregate production and the price level holding constant
potential GDP and all resource prices.
(C) becomes vertical if there is excess production capacity within the economy.
(D) shows a negative relationship between the price level and real national income holding constant
potential GDP and all resource prices.

23. A Keynesian economist believes that
(A) if the economy was left alone, it would rarely operate at full employment.
(B) the economy is self-regulating and always at full employment.
(C) the economy is self-regulating and will normally, though not always, operate at full
employment if monetary policy is not erratic.
(D) the economy is self-regulating and will normally, though not always, operate at full
employment if fiscal policy is not erratic.

24. Federal Reserve open market operations directly influence
(A) firms. (B) consumers. (C) banks. (D) Congress.

25. The more ________, the larger is the amount of the tax on the good that the ________ pays.
(A) elastic the demand for a good; buyers (B) inelastic the demand for a good; buyers
(C) inelastic the supply of a good; buyers (D) elastic the supply of a good; sellers

26. You observe that unplanned inventories are increasing. You predict that there will be ________.
(A) a business cycle (B) an expansion
(C) a trough (D) a recession

27. The implicit rental rate for capital includes the
(A) total value of a piece of capital equipment.
(B) interest income forgone by purchasing the piece of capital equipment.
(C) firm's normal profit.
(D) amount paid for the use of a piece of capital equipment owned by someone else.

28. Which of the following are two components of the opportunity cost of using capital already owned
by the firm?
(A) economic profit and normal profit
(B) implicit rental rate and economic profit
(C) explicit rental rate and economic costs
(D) economic depreciation and forgone interest

29. 下列何者是我國計算並發佈GDP的政府機關？
(A) 內政部 (B) 經建會 (C) 主計處 (D) 國家發展委員會

30. 計算下列物價指數中，所考慮商品與勞務之範圍由多到少依序是？
I. Consumer Price Index (CPI)
II. GDP deflator
III. Personal consumption expenditure deflator(PCE deflator)
(A) I>II>III (B) II>I>III (C) III>I>II (D) II >III > I