金融英语考试模拟试题及答案(05)
SECTION ONE (Compulsory) :Single-choice questions.
from the following four options, select a correct and fill in its labeling the brackets. (A total of 10 points)
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.
2）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.
3）If the marginal rate of technological substitution (MRTS) is more than the price ratio of labor over capital (w/r), then to minimize cost the firm should ___ the input of capital and ___ the input of labor.
A. Increase, decrease
B. Decrease, increase
C. Decrease, decrease
D. Increase, increase
4）The price of a good changes, both the substitution effect and the income effect reinforce each other, then the good is a (n) ( )
A. Normal good.
B. Inferior good.
C. Giffen good.
D. None of the above
5) What market is the Most in need of the advertising? ( )
A. Fully competitive market
B. Monopolize market
C. Competitive monopoly market
D. Oligopoly market
6) American economist Modigliani’s life-cycle hypothesis is that: ( )
A. based on the current income to make consumer decisions
B. Work time after retirement savings for the consumer finance
C. based on income to make the lasting consuming decision-making
D. revenue in the consumer durable basis for decision-making to the impact of temporary revenue estimates into account
7）According to the rules of debit and credit for balance sheet accounts: ( )
A. Increases in asset, liability, and owner’s equity accounts are recorded by debits
B. Decreases in asset and liability accounts are recorded by credits
C. Increases in asset and owner’s equity accounts are recorded by debits
D. Decreases in liability and owner’s equity accounts are recorded by debits 265
8）Individuals will accept the medium of exchange in return for goods and services only if they are confident that: ( )
A. The inflation rate is zero
B. It possesses intrinsic value
C. They can pass it on to others
D. They can exchange it for gold
9）The prices of meat products in a competitive market are determined by: ( )
A. Government.
B. Business monopolies.
C. Supply and demand.
D. The Consumer Price Index.
10）Which one of the following is most likely to improve the wages of American workers? ( )
A. An increase in business inventories.
B. An increase in productivity.
C. An increase in interest rates.
from the following four options, select a correct and fill in its labeling the brackets. (A total of 10 points)
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.
2）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.
3）If the marginal rate of technological substitution (MRTS) is more than the price ratio of labor over capital (w/r), then to minimize cost the firm should ___ the input of capital and ___ the input of labor.
A. Increase, decrease
B. Decrease, increase
C. Decrease, decrease
D. Increase, increase
4）The price of a good changes, both the substitution effect and the income effect reinforce each other, then the good is a (n) ( )
A. Normal good.
B. Inferior good.
C. Giffen good.
D. None of the above
5) What market is the Most in need of the advertising? ( )
A. Fully competitive market
B. Monopolize market
C. Competitive monopoly market
D. Oligopoly market
6) American economist Modigliani’s life-cycle hypothesis is that: ( )
A. based on the current income to make consumer decisions
B. Work time after retirement savings for the consumer finance
C. based on income to make the lasting consuming decision-making
D. revenue in the consumer durable basis for decision-making to the impact of temporary revenue estimates into account
7）According to the rules of debit and credit for balance sheet accounts: ( )
A. Increases in asset, liability, and owner’s equity accounts are recorded by debits
B. Decreases in asset and liability accounts are recorded by credits
C. Increases in asset and owner’s equity accounts are recorded by debits
D. Decreases in liability and owner’s equity accounts are recorded by debits 265
8）Individuals will accept the medium of exchange in return for goods and services only if they are confident that: ( )
A. The inflation rate is zero
B. It possesses intrinsic value
C. They can pass it on to others
D. They can exchange it for gold
9）The prices of meat products in a competitive market are determined by: ( )
A. Government.
B. Business monopolies.
C. Supply and demand.
D. The Consumer Price Index.
10）Which one of the following is most likely to improve the wages of American workers? ( )
A. An increase in business inventories.
B. An increase in productivity.
C. An increase in interest rates.