金融英语考试密押资料金融英语中级经济学模拟1金融英语考试密押资料金融英语中级经济学模拟1金融英语中级经济学模拟1SECTION ONEQuestion 1 Answer all questions. Read the following statements and choose the best answer by writing the alphabetical letter on the answer sheets. 问题:1. Which of the following will NOT cause a shift in the demand for baseballs? a.Very good weather.b.A decrease in the price of baseball hats.c.The consumers expectations.d.An increase in the price of baseballs.答案:D问题:2. The price elasticity of demand curve faced by a competitive firm is _. a.0.b.-1.c.-.d.1.答案:C问题:3. Current deposits are money because they are _. a.legal tender.b.fiat money.c.token money.d.a medium of exchange.答案:D问题:4. Decreasing returns to scale may arise from _. a.specialization of inputs.b.duplication of plant and equipment at equal cost.c.inefficiencies in management.d.using inputs in unequal proportions.答案:C问题:5. For a profit-maximizing firm, the price level equals its marginal revenue (MR) when _. a.in an oligopolistic market.b.in a monopolistic situation.c.in a perfectly competitive market.d.sales rise with the increase in price level.答案:C问题:6. How much is the present value of a property paying 300 per year if the interest rate is 6%? a.300b.283.01c.319.15d.5000答案:D问题:7. When one countrys potential GDP is higher than its real GDP, this means _. a.its exports are higher than its imports.b.inflation is getting worse.c.there exists some unemployment.d.None of the above.答案:C问题:8. Assume that there is inflation in the United States and the government pursues a contractionary fiscal policy. The likely effect would be that _. a.there would be a lower domestic interest rate and an increase in the demand for dollars that would partially offset the policy.b.there would be a depreciation in the value of the dollar and a decrease in net exports that would partially offset the contractionary fiscal policy.c.there would be an increase in net exports and an increase in aggregate demand that would partially offset the policy.d.there would be a decrease in net exports and a decrease in aggregate demand that would partially reinforce the policy.答案:C问题:9. The maximum amount by which the banking system can expand the supply of money by lending is _. a.20 billion.b.150 billion.c.300 billion.d.500 billion.答案:C问题:10. If there is a deposit of 20 billion of new currency into the banking system, excess reserves will increase by _. a.2 billion.b.18 billion.c.20 billion.d.48 billion.答案:BSECTION TWO Answer any FOUR of the six questions. Question 2问题:1. Use the information in the table below to answer the following questions concerning a consumers choice between food and clothing. Clothing MUc MUc/Pc Food MUf MUf/Pf 1 60 6.00 1 115 5.75 2 55 2 105 3 51 3 98 4 48 4 94 5 47 5 92 6 46 6 90 (a)Fill in the blanks that remain in the table. (b)Let income=130, Pf=20, and Pc=10. Does the market basket C=1 and F=6 satisfy the budget constraint? Could this be the utility maximizing market basket? If not, in which direction would the consumer like to reallocate his purchases (i. e., more food or more clothing)? 答案:(a) Clothing MUc MUc/Pc Food MUf MUf/Pf 1 60 6.00 1 115 5.75 2 55 5.50 2 105 5.10 3 51 5.10 3 98 4.90 4 48 4.80 4 94 4.70 5 47 4.70 5 92 4.60 6 46 4.60 6 90 4.50 (b)Yes, 110+620=130=income, so the budget constraint is satisfied with this market basket. However, this market basket could not be utility maximizing since (MUc/Pc)=6(MUf/Pf)=4.5. The consumer can increase utility by spending more money on clothing.Question 3问题:1. A plastics monopolist faces the demand curve P=180 - Q, where Q is measured in thousands of pounds per year and P is measured in dollars per pound. Marginal cost is constant at MC=60 per pound. (a)Find the monopolists profit-maximizing price and quantity. (b)What is the elasticity of demand at the profit-maximizing price? 答案:(a)Set MR=MC, or 180-2Q=60 to find Q* =60 and P* =180-60=120.(b)The point elasticity of demand at P* = 120 is Ed=-bP/Q=-1 (120/60)=-2. As is always true with linear demand, the monopolist produces in the elastic portion of the demand curve.Question 4问题:1. Suppose QD=100-2P, and QS=-50+3P. (a)What is the original market equilibrium price and quantity? (b)The government imposes a tax of 1 per unit. Compute the after-tax equilibrium. What are the n