CFA Level 1 － Mock Exam 2 模拟真题－Q31-35 face, style, black, class

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31、The width of a confidence interval most likely will be smaller if the sample variance and number of observations, respectively, are:

	Sample variance	Number of observations
A.	Smaller	Smaller
B.	Smaller	Larger
C.	Larger	Smaller
D.	Larger	Larger

Select exactly 1 answer(s) from the following:

A. AnswerA.

B. AnswerB.

C. AnswerC.

D. AnswerD.

 

32、Which of the following steps in hypothesis testing most likely follows collecting the data and calculating the test statistic?

Select exactly 1 answer(s) from the following:

A. Stating the hypotheses.

B. Stating the decision rule.

C. Making the statistical decision.

D. Specifying the significance level.

 

33、Which of the following is the most likely effect of an increase in output on the marginal cost in the short run?

	at low levels of output?	at high levels of output?
A.	Decrease due to economies from greater specialization	Decrease due to economies from greater specialization
B.	Decrease due to economies from greater specialization	Increase due to the law of diminishing returns
C.	Increase due to the law of diminishing returns	Decrease due to economies from greater specialization
D.	Increase due to the law of diminishing returns	Increase due to the law of diminishing returns

Select exactly 1 answer(s) from the following:

A. AnswerA.

B. AnswerB.

C. AnswerC.

D. AnswerD.

 

34、A firm is said to be operating on its long-run average cost curve when:

Select exactly 1 answer(s) from the following:

A. it experiences constant returns to scale.

B. its long-run average cost curve is horizontal.

C. it produces a given output at the least possible cost.

D. it chooses a plant size that minimizes the average fixed cost.

 

35、Key factors that influence the levels of structural and frictional unemployment in an economy, respectively, are:

	Structural unemployment	Frictional unemployment
A.	changes in technology	changes in technology
B.	changes in technology	unemployment compensation
C.	unemployment compensation	changes in technology
D.	unemployment compensation	unemployment compensation

Select exactly 1 answer(s) from the following:

A. AnswerA.

B. AnswerB.

C. AnswerC.

D. AnswerD.

 

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