金融英语证书考试FECT模拟试题-8

金融英语证书考试FECT模拟试题-8

(总分100, 考试时间90分钟)

SECTION ONE (Compulsory)：Answer all ten questions in this section. Each question carries 1 mark.
　　1. Multiple-choice questions: from the following four options, select a correct and fill in its labeling the brackets.

1. 

The law of diminishing returns: ()

A Assumes that there are changes taking place in production techniques.

B Will always result in a positive figure.

C Results in average product equaling marginal product when the average product is at its maximum.

D Shows that the average product rises more rapidly than the marginal product.

该题您未回答:х    该问题分值: 2

答案:C

2. 

Income elasticity of demand for a particular product: ()

A Will always have a positive measurement.

B Will be of value to the Government in setting the coming year's direct tax rates.

C Will be unrelated to the possibility of changes in design of the product.

D Could be affected by changes in levels of discretionary spending power.

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答案:D

3. 

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.

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答案:C

4. 

When one country's 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.

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答案:C

5. 

Cutting taxes can lower investment through its impact on interest rates. This is an example of the: ()

A Income effect.

B Accelerator effect.

C Crowding out effect.

D Multiplier effect.

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