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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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14 依史蒂芬-波茲曼(Stefan-Boltzmann)公式之定義,輻射熱量與輻射物體絕對溫度的幾次方成 正比?(A)一次方(B)二次方 (C)三次方(D)四次方

9 關於資本市場的敘述,下列何者錯誤? (A)利率是放棄當前消費的補償,因此是一種貼水的概念 (B)利率的高低可以顯示未來消費的現值與當期消費的比率 (C)一經濟體的資本存量是某一時點存在的所有機器、設備及相關資源 (D)一經濟體的資本存量是某一時點未被消費而留下用於生產的產出

10 關於一般均衡(general equilibrium)的敘述,下列何者錯誤? (A)一般均衡指的是當一商品或勞務的供給等於其需求時的狀態 (B)達到一般均衡時,只有相對價格會被決定 (C)一般均衡指的是每一個體都在能夠支付得起的商品組合中,選擇其最喜歡的組合 (D)一般均衡指的是,若共有 8 個市場,其中 5 個的超額需求等於零,剩下 3 個市場的超額需求必 等於零

12 有關古典學派(the Classical school)對生產與就業之看法,下列敘述何者錯誤? (A)勞動的效用函數決定廠商的勞動需求 (B)實質產出的決定與名目貨幣供給數量無關 (C)均衡的名目工資與勞動邊際生產力以及物價水準高低有關 (D)工資具向上與向下的完全調整性,因此總合供給線為垂直線

37 在行政處分作成程序進行中,程序當事人甲認為公務員乙執行職務有偏頗之虞,向行政機關申請乙迴避, 遭行政機關拒絕。關於甲對於行政機關此一拒絕決定之救濟,下列敘述何者正確? (A)在行政程序進行中,甲得對此一拒絕決定提起訴願及行政訴訟 (B)在行政程序進行中,甲得對此一拒絕決定提起訴願,但尚不得對之提起行政訴訟 (C)在行政處分作成後,甲得單獨針對此一拒絕決定提起訴願及行政訴訟 (D)在行政處分作成後,甲若對行政處分提起訴願及行政訴訟,得一併對此一拒絕決定聲明不服

39 關於訴願決定確定後之效力,就該事件的拘束力,下列敘述何者錯誤? (A)有拘束原處分機關之效力 (B)有拘束關係機關之效力 (C)有拘束行政法院之效力 (D)對受委託行使公權力團體提起之訴願,有拘束該團體之效力