110年 - 110 國立高雄大學_碩士班招生考試_金融管理學系：經濟學#102152

科目：研究所、轉學考(插大)◆經濟學 | 年份：110年 | 選擇題數：20 | 申論題數：2

試卷資訊

所屬科目：研究所、轉學考(插大)◆經濟學

選擇題 (20)

1. When the local used bookstore prices economics books at $20.00 each, they generally sell 70 per month. If they lower the price to $8.00 each, they sell 90. Hence, the elasticity of demand for these economics books is (A) 3.43, so this store should lower price to raise total revenue. (B) 3.43, so this store should raise price to raise total revenue. (C) 0.29, so this store should lower price to raise total revenue. (D) 0.29, so this store should raise price to raise total revenue.

2. If a 6 percent increase in income results in a 6 percent decrease in the quantity demanded of pizza, then the income elasticity of demand for pizza is (A) 1, and therefore pizza is a normal good. (B) 1, and therefore pizza is an inferior good. (C) －1, and therefore pizza is an inferior good. (D) －1, and therefore pizza is a normal good.

3. If the quantity supplied of good X is the same regardless of price, then the supply curve of good X would be (A) elastic (B) inelastic (C) perfectly elastic (D) perfectly inelastic

4. If a binding price ceiling is imposed in a market, then the price ceiling is (A) above the equilibrium price, and there will be a surplus in the market. (B) below the equilibrium price, and there will be a surplus in the market. (C) above the equilibrium price, and there will be a shortage in the market. (D) below the equilibrium price, and there will be a shortage in the market.

5. Sam produces cookies. His production cost is $4 per dozen. He sells the cookies for $10 per dozen. His producer surplus is (A) $4 per dozen (B) $6 per dozen (C) $10 per dozen (D) $14 per dozen

6. If the supply of land is fixed, a tax on land would be paid (A) entirely by the landowners. (B) entirely by the renters. (C) partly by landowners and partly by the renters, and landowners pay more than renters do. (D) partly by landowners and partly by the renters, and renters pay more than landowners do.

7. The world price of good Y is $5.00 each. The pre-trade price of good Y in Taiwan is $2.50 each. With free trade, in the good Y market in Taiwan, consumers (A) and producers will both lose. (B) and producers will both benefit. (C) will lose and producers will benefit. (D) will benefit and producers will lose.

8. Increasing returns to scale is characterized by: (A) diseconomies of scale； that is, the average cost is rises as output rises (B) economies of scale； that is, the average cost falls as output rises (C) diseconomies of scale； that is, the average cost falls as output rises (D) economies of scale； that is, the average cost rises as output rises

9. The marginal product of the labor curve represents: (A) the demand for labor (B) the supply of labor (C) the demand for capital (D) the supply of capital

10. The law of diminishing marginal product to capital means that as we add additional units of capital: (A) and labor, output will increase but at an increasing rate (B) and labor, output will increase but at a decreasing rate (C) but hold labor constant, output will decrease but at an increasing rate (D) but hold labor constant, output will increase but at a decreasing rate

11. The economy is in long-run equilibrium. Pessimism on the part of investors then shifts the aggregate demand curve $50 billion to the left. The government wants to increase spending in order to avoid a recession. If the crowding-out effect is always half as strong as the multiplier effect, and if the MPC equals 0.8, by how much does government purchases have to rise? (A) $10 billion (B) $20 billion (C) $50 billion (D) $80 billion

12. Which of the following tends to make aggregate demand shift right farther than the amount government expenditures increase? (A) the multiplier effect (B) the crowding-out effect (C) the wealth effect (D) Fisher effect

13. Consider the data in the following table. In ________ the natural rate of unemployment was the higher of the two years at ________ percent.
(A) 2019；4.76 (B) 2019；10.1 (C) 2020；12.2 (D) 2020；13.88

14. If the MPC = 0.85, then the tax multiplier is ________ (A)5.67 (B)-5.67 (C)6.67 (D)-6.67

15. According to the IS curve, when interest rates rise, ________ and ________. (A) firms and households borrow less； firms produce less (B) governments and households borrow more； firms produce less (C) firms and households borrow more； firms produce more (D) governments and households borrow less； firms produce more

16. In the short run, if the Federal Reserve reduces interest rates, firms: (A) buy less capital and the marginal product of capital falls (B) buy less capital and the marginal product of capital rises (C) buy more capital and the marginal product of capital falls (D) buy more capital and the marginal product of capital rises

17. Which of the following is an example of an IS shock?
i. a change in interest rates；
ii. unions push wages up；
iii. a natural disaster；
iv. a change in the price of oil (A) i and ii (B) iii and iv (C) i (D) iv

18. If a firm borrows a large sum of money, it may engage in particularly risky investments knowing that if the investments succeed, the firm will make lots of money, while if the investments fail, the firm can declare bankruptcy. This is an example of: (A) moral hazard (B) adverse selection (C) risk averse (D) risk taking

19. If prices are sticky and there are no aggregate demand shocks, and if the Fed raises the interest rate, ________ and ________. (A) the real interest rate falls； short-run output rises (B) the real interest rate falls； short-run output falls (C) the real interest rate rises； short-run output rises (D) the real interest rate rises； short-run output falls

20. According to the Phillips curve, if current output is above potential output, then current unemployment rate : (A) is above the natural rate of unemployment and prices fall (B) is below the natural rate of unemployment and prices fall (C) is above the natural rate of unemployment and prices rise (D) is below the natural rate of unemployment and prices rise

申論題 (2)

1. Use a graph to explain the impact that might be caused by a newly imposed minimum wage set above the equilibrium wage in a labor market. (10 points)

2. Use a graph to explain the impact of the COVID-19 pandemic on the price level and output. (10 points)