36 、The Laffer curve depicts a relationship between which of the following sets of two economic variables and its proponents belong to which group of economists? | Two economic variables | Proponents belong to | A. | Tax rate and tax revenues | Monetarists | B. | Tax rate and tax revenues | Supply-siders | C. | Inflation and unemployment | Monetarists | D. | Inflation and unemployment | Supply-siders |
Select exactly 1 answer(s) from the following: A. Answer A. B. Answer B. C. Answer C. D. Answer D.
37、Choice Malts Breweries has compiled the following information in order to determine its economic profit for the year: Total revenue | $300,000 | Value of buildings and machinery | | - At the beginning of the year | $300,000 | - At the end of the year | $280,000 | Cost of raw materials | $100,000 | Wages paid during the year | $ 50,000 | Normal profit for the year | $ 40,000 |
What is the economic profit of Choice Malts Breweries closest to? Select exactly 1 answer(s) from the following: A. $90,000 B. $110,000 C. $130,000 D. $150,000
38、Which of the following provides the best description of the effect of subsidies on the prices of goods and the relationship between marginal cost and marginal benefit? | Effect on prices | Relationship between marginal cost
and marginal benefit | A. | Price falls | Marginal benefit exceeds marginal cost | B. | Price falls | Marginal cost exceeds marginal benefit | C. | Price increases | Marginal benefit exceeds marginal cost | D. | Price increases | Marginal cost exceeds marginal benefit |
Select exactly 1 answer(s) from the following: A. Answer A. B. Answer B. C. Answer C. D. Answer D.
39、The Okun gap and the inflationary gap, respectively, occur under which of the following economic conditions? | Okun gap | Inflationary gap | A. | Below full-employment equilibrium | Below full-employment equilibrium | B. | Below full-employment equilibrium | Above full-employment equilibrium | C. | Above full-employment equilibrium | Below full-employment equilibrium | D. | Above full-employment equilibrium | Above full-employment equilibrium |
Select exactly 1 answer(s) from the following: A. Answer A. B. Answer B. C. Answer C. D. Answer D.
40、In response to the influx of tourists, the demand for guest rooms in Sun-n-Surf, a resort hotel on a south pacific island, went up from 100 to 150 rooms. As a result, Sun-n-Surf management has decided to increase the tariff from $150 to $200 a night per room. The elasticity of supply of rooms in Sun-n-Surf is closest to: Select exactly 1 answer(s) from the following: A. 0.67. B. 0.72. C. 1.40. D. 1.50.
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发表于 2008-11-5 18:53
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