2021金融英语考试考前冲刺卷（5）.docx

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1、2021金融英语考试考前冲刺卷（5）本卷共分为1大题50小题，作答时间为180分钟，总分100分，60分及格。一、单项选择题（共50题，每题2分。每题的备选项中，只有一个最符合题意） 1.Which of the following is zero when an economy is at full employment（）A. Structural unemployment.B. Total unemployment.C. Cyclical unemployment.2.Which type of unemployment describes a situation where worke

2、rs who have been laid off due to economic changes and they are unable to find work due to a lack of education or the necessary skills to move into another available job（）A. Structural.B. Frictional.C. Cyclical.3.Which of the following market structure characterized that a large number of competitors

3、 produce (slightly) differentiated products with low barriers to entry（）A. Perfect competition.B. Monopolistic competition.C. Oligopoly.4.A firm should continue adding to its capital until the marginal product of capital is:（）A. equal to the marginal revenue product of labor.B. greater than the cost

4、 of capital.C. equal to the cost of capital.5.In order for effective price discrimination to occur the seller must:（）A. face a demand curve with a negative slope.B. maximize revenue by selling at the highest price possible.C. be able to advertise the product among customers.6.A firm in a perfectly c

5、ompetitive industry that seeks to maximize profit is most likely to continue production in the short run as long as which of the following conditions exists Price is equal to or greater than :（）A. average fixed cost.B. average total cost.C. average variable costs.7.In the long run, if price is below

6、 average total cost (ATC), the firm will:（）A. shut down.B. keep running.C. produce more.8.Which of the following employment measures is most closely related to the level of real GDP（）A. Labor force participation ratio.B. Number of employed.C. Aggregate hours.9.Cyclical unemployment is closely associ

7、ated with:（）A. long-term economic growth.B. fluctuations in the natural rate of unemployment.C. short-run fluctuations in the economy.10.Even though the producer surplus increases under a monopoly scenario, relative to one of perfect competition, the consumer surplus :（）A. decreases by a lesser amou

8、nt.B. decreases by a greater amount.C. decreases by an equal amount.11.If a regulatory agency intervenes to reduce prices, a monopoly will most likely expand output to the level where:（）A. Marginal cost equals supply.B. Average cost equals marginal revenue.C. Average cost equals demand.12.Which of t

9、he following is NOT a condition of a perfectly competitive market（）A. Sellers make economic profits.B. Firms face elastic demand curves.C. Individual sellers each have a small share of the market.13.A perfectly competitive firm will continue to increase output so long as which of the following condi

10、tions exists（）A. Marginal revenue is greater than price.B. Marginal revenue is positive.C. Market price is greater than marginal cost.14.Which of the following describes the regulatory practice of setting prices at a level where the monopoly firms average total cost curve intersects the demand curve

11、（）A. Average cost pricing.B. Marginal cost pricing.C. Cost-of-service pricing.15.Which of the following most accurately describes a market structure that has one seller of a specific, well-defined product that has no good substitutes（）A. Oligopoly.B. Monopoly.C. Monopolistic competition.16.Which of

12、the following least accurately describes a component of aggregate demand（）A. Consumption.B. Net imports.C. Investment.17.Hay farmers are in a perfectly competitive market. Assume that each acre of land produces 100 bushels of hay. The marginal revenue product of an acre of land is then:（）A. (price o

13、f hay per bushel)/100.B. price of hay per bushel.C. 100 × (price of hay per bushel).18.Which of the following factors is least likely to affect the supply of labor（）A. Wages offered.B. The aggregate requirement for labor.C. The size of the adult population.19.Which one of the following is most

14、 likely to contribute to the presence of monopoly in an industry（）A. Legal barriers to entry into the industry.B. Diseconomies of scale.C. An elastic market demand for the product produced by the industry.20.Firms in a perfectly competitive industry will increase their output until which of the foll

15、owing conditions is met（）A. Total revenue equals price.B. Marginal cost equals price.C. Marginal revenue equals average fixed cost.21.Full employment is said to occur when:（）A. the natural rate of unemployment equals zero.B. the number employed divided by the number in the labor force is less then 5

16、.0 percent.C. cyclical unemployment equals zero.22.If the economy is in short-run disequilibrium below full employment, the most likely explanation is that: （）A. aggregate demand has decreased.B. long-run aggregate supply has decreased.C. resource prices have decreased.23.Oligopolists have an incent

17、ive to cheat on collusive agreements in order to:（）A. avoid competitive practices.B. restrain trade and hinder trade relationships.C. increase their individual share of the joint profit.24.Which of the following is TRUE for a price-taker firm in long-run equilibrium when there are no barriers to ent

18、ry（）A. P=MC=ATC=MR.B. P=AVC=MR.C. AVC=TR=T.25.Which of the following is least accurate regarding the relationship between price (P) , marginal revenue (MR) , average total cost (ATC), and marginal cost (MC) at the profit maximizing output under monopoly（）A. P=MRB. MR=MC.C. PM.26.The demand curve for

19、 a firm in a perfectly competitive market is:（）A. upward sloping.B. vertical.C. horizontal.27.All of the following are factors that can cause shifts in the demand curve for a resource EXCEPT:（）A. an increase in the supply of the resource.B. an increase in the resource's productivity.C. a decreas

20、e in the prices of other resources.28.When smaller amounts of additional labor are supplied in response to increases in the wages offered, this is known as the:（）A. substitution effect.B. income effect.C. marginal rate of substitution.29.A profit maximizing firm will expand output as long as margina

21、l revenue is:（）A. less than marginal cost.B. greater than marginal cost.C. less than average variable cost.30.The short-run supply curve for a purely competitive market:（）A. slopes upward to the right.B. slopes downward to the right.C. is a horizontal line.31.Which of the following most accurately d

22、escribes the competitive structure that is characterized by a firm that operates with the lowest average total cost and has the capacity to produce all of an industrys output（）A. Oligopoly.B. Competitive monopoly.C. Natural monopoly.32.Which of the following will cause an increase in the demand for

23、labor（）A. An increase in the labor supply.B. A decrease in labor productivity.C. An increase in the demand for the final good or service.33.Which of the following is NOT a characteristic of an oligopoly（）A. There are few sellers.B. High barriers to entry.C. Relatively small economies of scale.34.Whi

24、ch of the following is least likely a condition that characterizes competitive price-searcher markets (monopolistic competition)（）A. Low barriers to entry.B. Large number of independent sellers.C. Producers face horizontal demand curves.35.A firm operating as a price taker will：（）A. be a revenue max

25、imizer.B. face an inelastic demand curve.C. produce quantity where P=MR=MC.36.Which of the following types of unemployment is most likely to be associated with an economy in which many workers have been made obsolete by changing technology（）A. Cyclical.B. Marginal.C. Structural.37.Which one of the f

26、ollowing structures is characterized by free entry and exit, a differentiated product, and price searcher behavior（）A. Oligopoly.B. Monopolistic competition.C. Pure competition.38.A competitive firm will tend to expand its output as long as marginal:（）A. revenue is greater than marginal cost.B. reve

27、nue is greater than the average cost.C. cost is less than average cost.39.Which type of unemployment describes situations where qualified workers are not immediately matched with existing job openings（）A. Structural.B. Cyclical.C. Frictional.40.Rajiv Moulin, an economist at the Central Bank of New D

28、elhi , was asked to calculate a consumer price index (CPI). He was provided the data below for a basket of goods for a recent one-year period:（）A131.07B125.33C2.341.Unemployment can be divided into the following three categories:（）A. Frictional, seasonal, cyclical.B. Structural, seasonal, technical.

29、C. Frictional, cyclical, structural.42.In the short run, if price is below average total cost (ATC), the firm will:（）A. keep running as long as it is covering its variable costs.B. produce more.C. raise prices.43.Given the following information for a country, what is the labor force participation ra

30、te（）A26%.B50%.C76%.44.Which of the following is a characteristic of perfect competition（）A. There are a few sellers.B. The products of different firms are sold at different prices.C. There are no barriers to entry into the market.45.Commercial banks perform a very important service to all sectors of

31、 the economy by providing facilities for the _ of savings and making them available for economically and socially desirable purposes.AdepositBmakingCcontributionDpooling 46.In addition to financing the agricultural, commercial, and industrial activities of the natian, commercial banks facilitate con

32、sumption by making _ loans.AfixedBconsumptionCconsumerDshort- tram 47.Individuals who have accumulated an estate, even of moderate size, have an interest in _ for the distribution of the assets before death.Amaking upBlookingCpursuingDproviding 48.Trust departments serve as trustees in connection wi

33、th bond issues and as _ agents and registrars for corporations.AresidentBtransferChomeDindividual 49.The process becomes a bit more complicated, time - consuming, and expensive when checks are _ between banks located In different parts of the country.AcleanedBpaidCdistributedDcleared 50.If the money supply lags behind production, tike economy may suffer from _ with equally undesirable effects.AinflationBcrisisCdebtDdeflation第17页 共17页第 17 页 共 17 页第 17 页 共 17 页第 17 页 共 17 页第 17 页 共 17 页第 17 页 共 17 页第 17 页 共 17 页第 17 页 共 17 页第 17 页 共 17 页第 17 页 共 17 页第 17 页 共 17 页