東吳大學 104 學年度轉學生 ( 含進修學士班轉學生 ) 招生試題第 2 頁, 共 6 頁國際經營與貿易學系三年 6) Ms. Lollipop opened a candy store in December She rented a building for $25,000 a

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1 東吳大學 104 學年度轉學生 ( 含進修學士班轉學生 ) 招生試題第 1 頁, 共 6 頁國際經營與貿易學系三年一律於答案卷上作答 ( 題上作答不予計分 ), 並務必標明題號, 依序作答一單選題 :75% 1) An opportunity cost of economic growth is A) the capital accumulation given up to increase present consumption. B) the increased future consumption. C) the present consumption given up to accumulate capital. D) None of the above because there is no opportunity cost since if an economy grows, it can produce more of all goods. 2) According to the principle of comparative advantage, if the United States trades with Mexico, most likely, A) the United States will benefit and Mexico will lose. B) the United States will lose and Mexico will benefit. C) neither of the countries will benefit. D) both countries will benefit. 3) If OPEC cuts oil production to increase their total revenue, we know that A) the demand for gasoline will decrease. B) the price of gasoline will fall. C) the demand for oil in the global market is inelastic. D) OPEC faces a horizontal demand for oil curve. 4) occurs when a foreign firm sells its exports at a lower price than its cost of production. A) A quota B) Dumping C) A tariff D) A nontariff barrier 5) Basil spends all his income on apples and bananas. Apples cost $2.50 per pound and bananas cost $1.50 per pound. The marginal utility is 20 for the last pound of apples purchased and 10 for the last pound of bananas. To maximize his utility, Basil should buy A) more apples and fewer bananas. B) more bananas and fewer apples. C) the present combination of goods. D) only apples.

2 東吳大學 104 學年度轉學生 ( 含進修學士班轉學生 ) 招生試題第 2 頁, 共 6 頁國際經營與貿易學系三年 6) Ms. Lollipop opened a candy store in December She rented a building for $25,000 a year and used $30,000 from her savings account, which earned an annual interest rate of 5 percent, to buy capital equipment. During the first year of operation, Lollipop paid $28,000 to her employees, $10,000 for utilities, and $16,000 for goods she bought from other firms. In December 2014, the market value of Lollipop's capital equipment was $26,000. Lollipop's best alternative to running her candy store is to work as a sales clerk at Winn-Dixie for $15,000 a year. What is Lollipop's total opportunity cost? A) $99,500 B) $94,000 C) $79,000 D) $20,500 7) Which of the following statements is FALSE? A) In the short run, a monopolist might operate even though it is incurring an economic loss, but in the short run a perfectly competitive firm always shuts down if it is incurring an economic loss. B) A monopoly can earn an economic profit in the long run, but a perfectly competitive firm cannot. C) A monopoly can set its price while a perfectly competitive firm cannot. D) A monopoly is protected by barriers to entry while a perfectly competitive firm is not. 8) A cartel tries to its members' economic profit and thereby the cartel consumer surplus. A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases 9) Cheating by a member of a cartel consumer surplus and the total economic profit earned by all the firms in the cartel. A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases 10) Military is A) rival and nonexcludable. B) nonrival and excludable. C) nonrival and nonexcludable. D) rival and excludable.

3 東吳大學 104 學年度轉學生 ( 含進修學士班轉學生 ) 招生試題第 3 頁, 共 6 頁國際經營與貿易學系三年 11) In the figure above, the demand and supply of high-skilled workers has an H subscript and the demand and supply of low-skilled workers as an L subscript. The difference in wage rate between low-skilled and high-skilled labor is A) $8. B) $10. C) $4. D) $14. 12) The big tradeoff is a tradeoff between A) equity and efficiency. B) equality and inequality. C) marginal cost and marginal benefit. D) monopoly and perfect competition. 13) The accumulated loss of output that results from a slowdown in the growth rate of GDP per person is called the A) Keynesian gap. B) Okun gap. C) Lucas wedge. D) unemployment wedge.

4 東吳大學 104 學年度轉學生 ( 含進修學士班轉學生 ) 招生試題第 4 頁, 共 6 頁國際經營與貿易學系三年 14) If productivity constantly increases, then the real wage rate and employment. A) constantly rises; constantly increases B) does not change; constantly decreases C) constantly decreases; does not change D) constantly rises; does not change 15) If the Fed makes an open market of securities, in the quantity theory M and V. A) purchase; increases; increases B) sale; increases; decreases C) purchase; does not change; does not change D) sale; decreases; does not change 16) If the Fed hikes the U.S. interest rate relative to interest rates in other countries, in the foreign exchange market the demand for dollars will, the supply of dollars will, and the exchange rate will. A) increase; increase; rise B) decrease; decrease; fall C) increase; decrease; rise D) decrease; increase; fall 17) If two currencies allow for the equal value of money so that the same bundle of goods cost the same in two countries, there is A) trade equalization parity. B) interest rate parity. C) tariff application parity. D) purchasing power parity. 18) Keynesian economists believe that A) the economy automatically adjusts towards full employment. B) monetary policy causes business cycles. C) there are no business cycles. D) activist government policy is needed to get the economy to full employment.

5 東吳大學 104 學年度轉學生 ( 含進修學士班轉學生 ) 招生試題第 5 頁, 共 6 頁國際經營與貿易學系三年 19) Classical economists believe that the economy A) requires activist government intervention to reach its potential level of GDP. B) is self-regulating and does not require government intervention. C) can be affected by only monetary policy. D) is persistently below its potential level of GDP. 20) Which of the following leads to an rightward shift in the short-run Phillips curve? I. a reduction in inflationary expectations. II. an increase in the natural rate of unemployment. III. an increase in the velocity of circulation A) I only B) II only C) I and II D) I and III 21) If the price level increases, the AE curve shifts A) upward and the AD curve shifts leftward. B) downward and the AD curve shifts rightward. C) upward and we move along the AD curve. D) downward and we move along the AD curve. 22) When disposable income increases from $7 trillion to $7.5 trillion, consumption expenditure increase from $6.5 trillion to $6.9 trillion. The MPS is equal to A) B) C) 0.8. D) ) The Laffer curve studies the relationship between A) open market operations and the interest rate. B) taxes and the real interest rate. C) tax rates and tax revenues. D) monetary policy and tax revenues.

6 東吳大學 104 學年度轉學生 ( 含進修學士班轉學生 ) 招生試題第 6 頁, 共 6 頁國際經營與貿易學系三年 24) 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. 25) Looking at the supply-side effects on aggregate supply shows that a tax hike on labor income A) weakens the incentive to work. B) decreases potential GDP. C) increases potential GDP because people work more to pay the higher taxes. D) Both answers A and B are correct. 二計算題 :25% ( 一 ) 假設建造一座公園, 已知居民分為 A B, 兩人其對公園的需求函數為 QA=10-2P, QB=10-P, 蓋公園的邊際成本為 MC=9, 試求蓋公園的最適面積 ( 即求算 Q)? 5% ( 二 ) 請用 AD-AS 模型繪圖分析, 中央銀行購買政府公債對物價與所得之短期與長期影響 10% ( 三 ) 請用邊際社會利益曲線 (Marginal Social Benefit Curve, MSB) 邊際社會成本曲線 (Marginal Social Cost Curve, MSC) 及邊際私人成本曲線 (Marginal Private Cost Curve, MPC) 繪圖說明電廠發電的外部性, 無謂損失, 以及政府可採用何種方法, 使市場均衡數量達到社會最適水準 10%

東吳大學 103 學年度轉學生 ( 含進修學士班轉學生 ) 招生試題第 2 頁, 共頁 Figure 1 系三年 4. Refer to figure 1. Firms would be encouraged to enter this market for all prices that exc

東吳大學 103 學年度轉學生 ( 含進修學士班轉學生 ) 招生試題第 1 頁, 共頁系三年一選擇題 (60%) 請選最佳之一答案請依下列格式劃表於答案卷第一頁, 再將各題答案依序填入格內 1. 2. 3. 4.. 6. 7. 8. 9. 10. 11. 12. 13. 14. 1. 16. 17. 18. 19. 20. 1. Mrs. Smith operates a business

東吳大學 104 學年度轉學生 ( 含進修學士班轉學生 ) 招生試題第 2 頁, 共 6 頁 國際經營與貿易學系三年 6) Ms. Lollipop opened a candy store in December She rented a building for $25,000 a

東吳大學 104 學年度轉學生 ( 含進修學士班轉學生 ) 招生試題第 2 頁, 共 6 頁國際經營與貿易學系三年 6) Ms. Lollipop opened a candy store in December She rented a building for $25,000 a