经济学题库及答案 14.docx
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经济学题库及答案 14.docx
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经济学题库及答案14
Economics,11e,GlobalEdition(Parkin)
Chapter24Finance,Saving,andInvestment
1FinancialInstitutionsandFinancialMarkets
1)Theterm"capital,"asusedinmacroeconomics,refersto
A)theplant,equipment,buildings,andinventoriesofrawmaterialsandsemi-finishedgoods.
B)financialwealth.
C)thesumofinvestmentandgovernmentpurchasesofgoods.
D)investment.
Answer:
A
Topic:
Capital
Skill:
Recognition
Status:
Old
AACSB:
ReflectiveThinking
2)Thetermcapital,asusedinmacroeconomics,refersto
A)theamountofmoneythatsomeonecaninvestinanewventure.
B)theamountofmoneyafirmcanraiseinthestockmarket.
C)physicalcapital.
D)Alloftheaboveanswersarecorrect.
Answer:
C
Topic:
Capital
Skill:
Recognition
Status:
Old
AACSB:
ReflectiveThinking
3)Whichofthefollowingitemsareconsideredphysicalcapital?
I.sharesofFordstocktradedontheNewYorkStockExchange
II.theTacoBellstorenearestyou
III.therentalcarsownedbyHertzRental-A-Car
IV.thesalariespaidtoIntelexecutives
A)IIandIII.
B)IandIV.
C)I,IIandIII.
D)I,IIandIV.
Answer:
A
Topic:
Capital
Skill:
Conceptual
Status:
Old
AACSB:
ReflectiveThinking
4)Grossinvestment
A)isthepurchaseofnewcapital.
B)includesonlyreplacementinvestment.
C)doesnotincludeadditionstoinventories.
D)BothanswersAandBarecorrect.
Answer:
A
Topic:
GrossInvestment
Skill:
Recognition
Status:
Old
AACSB:
ReflectiveThinking
5)Thetotalamountspentonnewcapitalinatimeperiodisequalto
A)wealth.
B)grossinvestment.
C)depreciation.
D)netinvestment.
Answer:
B
Topic:
GrossInvestment
Skill:
Recognition
Status:
Old
AACSB:
ReflectiveThinking
6)InJanuary2013,Tim'sGyms,Inc.ownedmachinesvaluedat$1million.Duringtheyear,themarketvalueoftheequipmentfellby30percent.During2013,Timspent$200,000onnewmachines.During2013,Tim'sgrossinvestmenttotalled
A)$1million.
B)$300,000.
C)$200,000
D)$900,000.
Answer:
C
Topic:
GrossInvestment
Skill:
Analytical
Status:
Old
AACSB:
AnalyticalSkills
7)Netinvestmentequals
A)capitalstockminusdepreciation.
B)grossinvestmentminusdepreciation.
C)thetotalquantityofplant,equipmentandbuildings.
D)grossinvestment/depreciation.
Answer:
B
Topic:
NetInvestment
Skill:
Recognition
Status:
Old
AACSB:
ReflectiveThinking
8)Theincreaseinthecapitalstockequalstheamountof
A)grossinvestment.
B)depreciation.
C)netinvestment.
D)privatesectorspending.
Answer:
C
Topic:
NetInvestment
Skill:
Recognition
Status:
Old
AACSB:
ReflectiveThinking
9)Thecapitalstockincreaseswhenever
A)grossinvestmentisexceedsnetinvestment.
B)netinvestmentexceedsgrossinvestment.
C)grossinvestmentisnegative.
D)netinvestmentispositive.
Answer:
D
Topic:
NetInvestment
Skill:
Conceptual
Status:
Old
AACSB:
ReflectiveThinking
10)Iftheeconomy'scapitalstockincreasesovertime,
A)netinvestmentispositive.
B)depreciationislessthanzero.
C)depreciationexceedsgrossinvestment.
D)grossinvestmentequalsdepreciation.
Answer:
A
Topic:
NetInvestment
Skill:
Conceptual
Status:
Old
AACSB:
ReflectiveThinking
11)Iftheeconomy'scapitalstockdecreasesovertime,
A)netinvestmentispositive.
B)depreciationislessthanzero.
C)depreciationexceedsgrossinvestment.
D)grossinvestmentequalsnetinvestment.
Answer:
C
Topic:
NetInvestment
Skill:
Conceptual
Status:
Old
AACSB:
ReflectiveThinking
12)InJanuary2013,Tim'sGyms,Inc.ownedmachinesvaluedat$1million.Duringtheyear,themarketvalueoftheequipmentfellby30percent.During2013,Timspent$200,000onnewmachines.During2013,Tim'snetinvestmenttotalled
A)$1million.
B)-$300,000.
C)$200,000.
D)-$100,000.
Answer:
D
Topic:
NetInvestment
Skill:
Analytical
Status:
Revised
AACSB:
AnalyticalSkills
13)TheAcmeStereoCompanyhadacapitalstockof$24millionatthebeginningoftheyear.Attheendoftheyear,thefirmhadacapitalstockof$20million.Thusits
A)netinvestmentwassomeamountbutweneedmoreinformationtodeterminetheamount.
B)netinvestmentwas$4millionfortheyear.
C)grossinvestmentwaszero.
D)netinvestmentwas-$4millionfortheyear.
Answer:
D
Topic:
CapitalandInvestment
Skill:
Analytical
Status:
Old
AACSB:
AnalyticalSkills
14)Atthebeginningoftheyear,Tom'sTubeshadacapitalstockof5tubeinflatingmachines.Duringtheyear,Tomscrapped2oldmachinesandpurchased3newmachines.Tom'snetinvestmentfortheyeartotaled
A)1machine.
B)2machines.
C)3machines.
D)6machines.
Answer:
A
Topic:
CapitalandInvestment
Skill:
Analytical
Status:
Old
AACSB:
AnalyticalSkills
15)Atthebeginningoftheyear,Tom'sTubeshadacapitalstockof5tubeinflatingmachines.Duringtheyear,Tomscrapped2oldmachinesandpurchased3newmachines.Tom'sgrossinvestmentfortheyeartotaled
A)1machine.
B)2machines.
C)3machines.
D)6machines.
Answer:
C
Topic:
CapitalandInvestment
Skill:
Analytical
Status:
Old
AACSB:
AnalyticalSkills
16)Atthebeginningoftheyear,Tom'sTubeshadacapitalstockof5tubeinflatingmachines.Duringtheyear,Tomscrapped2oldmachinesandpurchased3newmachines.Tom'scapitalstockattheendofyearequals
A)1machine.
B)2machines.
C)3machines.
D)6machines.
Answer:
D
Topic:
CapitalandInvestment
Skill:
Analytical
Status:
Old
AACSB:
AnalyticalSkills
17)WhichofthefollowingisFALSEaboutsaving?
A)Savingaddstowealth.
B)Incomeleftafterpayingtaxescaneitherbeconsumedorsaved.
C)Savingequalswealthminusconsumptionexpenditures.
D)Savingisthesourceoffundsusedtofinanceinvestment.
Answer:
C
Topic:
WealthandSaving
Skill:
Recognition
Status:
Old
AACSB:
ReflectiveThinking
18)Anincreaseinthe________isanexampleofacapitalgain.
A)valueofashareofstock
B)wagerateofafederalemployee
C)amountofincomenotspentonconsumptionortaxes
D)after-taxwagerateasaresultofadecreaseinincometaxrates
Answer:
A
Topic:
WealthandSaving
Skill:
Definition
Status:
New
AACSB:
ReflectiveThinking
19)FacebooksoldsharesofstockforthefirsttimeinanIPOonMay18,2012.Thestockoriginallysoldfor$38pershare.AsofOctober19,2012,ashareofFacebookstockwasvaluedat$19pershare.ThedecreaseinthevalueofashareofFacebookpurchasedinMayandstillownedinOctoberiscalled
A)acapitalgain.
B)acapitalloss.
C)grossinvestment.
D)netinvestment.
Answer:
B
Topic:
WealthandSaving
Skill:
Definition
Status:
New
AACSB:
ReflectiveThinking
20)Atthebeginningoftheyear,yourwealthis$10,000.Duringtheyear,youhaveanincomeof$90,000andyouspend$80,000onconsumption.Youpaynotaxes.Yourwealthattheendoftheyearis
A)$20,000.00.
B)$0.
C)$90,000.00.
D)$100,000.00.
Answer:
A
Topic:
WealthandSaving
Skill:
Analytical
Status:
Old
AACSB:
AnalyticalSkills
21)Atthebeginningoftheyear,yourwealthis$10,000.Duringtheyear,youhaveanincomeof$80,000andyouspend$90,000onconsumption.Youpaynotaxes.Yourwealthattheendoftheyearis
A)$20,000.00.
B)$0.
C)$90,000.00.
D)$100,000.00.
Answer:
B
Topic:
WealthandSaving
Skill:
Analytical
Status:
Old
AACSB:
AnalyticalSkills
22)InJanuary,supposethatashareofstockinMeyer,Inc.hadapriceof$50andthateachshareentitleditsownerto$2ofMeyer,Inc.'sprofit.Duringtheyear,thepriceofashareofMeyer'sstockroseto$100.TheinterestratepaidontheshareinJanuarywas________percent.
A)2
B)0.02
C)4
D)25
Answer:
C
Topic:
InterestRateandPriceofAsset
Skill:
Analytical
Status:
Old
AACSB:
AnalyticalSkills
23)Supposethatabondpromisestopayitsholder$100ayearforever.Ifthepriceofthebondincreasesfrom$1,000to$1,250,thentheinterestrateonthebond
A)fallsfrom10percentto8percent.
B)risesfrom8percentto10percent.
C)doesnotchangebecauseitisnotaffectedbythepriceofthebond.
D)fallsfrom10percentto6percent.
Answer:
A
Topic:
InterestRateandPriceofAsset
Skill:
Analytical
Status:
Old
AACSB:
AnalyticalSkills
24)Supposeabondpromisestopayitsholder$100ayearforever.Theinterestrateonthebondrisesfrom4percentto5percent.Thepriceofthebond
A)fallsfrom$2,500to$2,000.
B)doesnotchangebecauseitisnotaffectedbytheinterestrate.
C)fallsfrom$25,000to$20,000.
D)risesfrom$2,000to$2,500.
Answer:
A
Topic:
InterestRateandPriceofAsset
Skill:
Analytical
Status:
Old
AACSB:
AnalyticalSkills
25)TheRestoringAmericanFinancialStabilityActof2010
A)cutthefederalgovernment'stieswithFannieMaeandFreddyMac.
B)prohibitsbanksfromsellingmortgagebackedsecurities,whichwerelargelytoblameforthefinancialmarketcrisisin2007-2008.
C)eliminatedtheFederalDepositInsuranceCorporation.
D)hadrestrictionsthattrytolimitriskyinvestmentbybanks.
Answer:
D
Topic:
TheFinancialCrisisandtheFix
Skill:
Recognition
Status:
Old
AACSB:
ReflectiveThinking
26)AllofthefollowingarepointsoftheRestoringAmericanFinancialStabilityActof2010EXCEPT:
A)creatingaConsumerFinancialProtectionBureau.
B)requiringmortgagelenderstoreviewincomeandcredithistoriesofapplicantstoensuretheycanaffordpayments.
C)imposingtighterrestrictionsonbankstolimitriskyinvestments.
D)requiringfirmsthatcreatemortgagebackedsecuritiestokeepatleast50percentoftheirvalueasreserves.
Answer:
D
Topic:
TheFinancialCrisisandtheFix
Skill:
Recognition
Status:
Old
AACSB:
ReflectiveThinking
27)Thefundsusedtobuyandoperatephysicalcapital
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