Q1、All other things equal, which of the following would least likely lead to an increase in the equilibrium rate of interest? A) Decrease in supply of capital and an increase in demand for capital. B) Increase in supply of capital with no change in demand for capital. C) Decrease in supply of capital with no change in demand for capital.
Q2、Which of the following statements about individuals’ savings behavior is most accurate? A) Higher interest rates make individuals less willing to trade present consumption for future consumption. B) Individuals tend to draw down their savings when they anticipate a decline in their incomes. C) Expected increases in income encourage individuals to save less.
Q3、Which of these factors is least likely to increase the supply of capital? A) A larger number of attractive investment opportunities. B) Decreases in individuals’ expected future incomes. C) A higher market rate of interest.
Q4、The decision whether to add capital equipment to the production process should be based on: A) present value, using the cost of financial capital as a benchmark. B) future value, using the cost of financial capital as a benchmark. C) present value, using the marginal revenue product of capital as a benchmark.
Q5、One of the key differences between the decisions to add labor or capital to the production process is that the returns to labor: A) are relatively immediate, but those to capital may be years into the future so they must be evaluated as present values. B) are relatively immediate, but those to capital may be years into the future so they must be evaluated as future values. C) must be projected into the future and evaluated as present values, while returns to capital can be evaluated immediately based upon market interest rates.
[此贴子已经被作者于2009-1-15 13:38:17编辑过] | 
发表于 2009-1-15 13:38
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