CFA Level 1 －模考试题(1)(AM) Q36-40

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Question 36

When a central bank changes its monetary policy, will potential GDP be affected in the short run when the policy change is announced and credible, and when the policy change is unannounced or not credible?

Announced and credible Unannounced or not credible

A) Yes
Yes

B) No No

C) Yes
No

D) No Yes

Question 37

Which of the following is the most accurate definition of rent seeking?

A) Consumers seek out the lowest possible price that a monopolist is willing to charge, which decreases the producer’s profits.

B) Producers supply a quantity that does not maximize the sum of consumer surplus and producer surplus, resulting in inefficiency.

C) Producers spend time and resources to acquire or establish a monopoly.

D) A producer expands the range of goods it produces, reducing its average total cost as a result.

Question 38

Long-run aggregate supply is least likely to be affected by changes in the:

A) quantity of labor in the economy.

B) prices of raw materials inputs.

C) quantity of capital in the economy.

D) technology that the economy possesses.

Question 39

Assume that Notasled, a producer of cafeteria trays, operates in a perfectly competitive market. In addition, assume that the market price is $3.25. Notasled will increase production so long as:

A) marginal revenue is positive.

B) marginal revenue is greater than $3.25.

C) marginal cost is less than $3.25.

D) total revenue is increasing.

Question 40

The characteristics of a partnership least likely include:

A) double taxation of profits.

B) the potential for the partnership to survive if a partner leaves or dies.

C) diversified decision making.

D) partners’ unlimited liability for the debts of the partnership.

[此贴子已经被作者于2008-11-7 18:05:39编辑过]