【導(dǎo)讀】theothercountry?Information.D.noneoftheabove.candidates.standards.

　　

【正文】 illion. B. $40 million. C. $60 million. D. No additional loans. 46. Which of the following statements about adaptive expectations is FALSE with adaptive expectation? A. Decision makers make random errors but they make systematic errors with rational expectations. B. Decision makers adjust more slowly than those with rational expectations. C. Decision makers base their future expectations on actual outes observed during recent periods. D. None of the above. 47. Under the petitive pricesearcher markets, the firm will earn in longrun equilibrium and。 A. normal profit B. substantial economic losses. C. substantial economic profits. D. zero economic profits. 48. Based on the law of parative advantage, joint output will be greatest when each country。 A. import goods when foreigners are willing to supply them at a lower cost than domestic products. B. specializes in producing those products they do best. C. both statements A and B. D. none of the above 49. A Japanese buy equipment from . In the foreign exchange market, this transaction will create a: A. a supply of yens and demand for dollars. B. a demand for yens and supply of dollars. C. a demand for both dollars and marks. D. a supply of both dollars and yens. Mock Exam 1 (Afternoon Session) (Rev. 1) 17 Mock Exam 1 (Afternoon Session) (Rev. 1) 18 50. In balanceofpayments transactions, the current account: A. measures the flow of all loans and investment funds. B. equals imports minus exports. C. record of all transactions with foreign nations that involve the exchange of merchandise goods and services, current ine derived from investments, and unilateral gifts. D. None of the above. 51. Given that the real rate of domestic and real rate of United States is 8% and 5% respectively, the spot exchange rate is 3D/$, what is the expected forward exchange rate. A. . B. . C. . D. none of the above. 52. Which of the following will cause a currency39。s bidask spread will narrower if? A. The bidask spread is for a small transaction rather than a large one. B. The bidask spread is a spot quote rather than a forward quote. C. The currency is inactively traded. D. All of the above. 53. As pared to the pleted contract method, the percentage pletion method will result in: A. lower total assets. B. greater cash flows. C. greater volatility of ine. D. lower ine. 54. Which of the following would cause the aggregate demand curve shift to the right? I. an increase in real wealth II. an increase in ines abroad. III. an increase in expected inflation. IV. an increase in the real rate of interest. A. I, II amp。 III only B. II, III amp。 IV only. C. III amp。 IV only. D. None of the above. Mock Exam 1 (Afternoon Session) (Rev. 1) 19 55. If the Federal Reserve wants to reduce the money supply, it would most likely:. A. reduce the discount rate. B. reduce the reserve requirements. C. reduce government expenditures D. sell the of government securities.. 56. Which of the following statements about the supply and the demand of money is TRUE? A. The supply of money is determined by the moary authorities and the demand for money is directly related to the money interest rate. B. The supply of money is determined by mercial banks and the demand for money is directly related to the money interest rate. C. The supply of money is determined by mercial banks and the demand for money is inversely related to the money interest rate. D. The supply of money is determined by the moary authorities and the demand for money is inversely related to the money interest rate. 57. If there is an unanticipated increase in the money supply, it will initially exert its primary impact on: A. inflation, particularly if excess capacity if present. B. prices, if the economy is not operating at full employment level. C. output and employment rather than on prices. D. None of the above. 58. Which of the following curve does the law of diminishing marginal returns explain? A. average variable cost curve. B. average fixed cost curve. C. marginal average cost curves. D. short run cost curves. 59. If the firm is price taker, it will tend to expand its output until: A. the market price equals the marginal cost. B. its marginal revenue is negative. C. its marginal cost is greater than the marginal revenue. D. none of the above. 60. If the exchange rate value of the British pound goes from $ to $, then the pound has: Mock Exam 1 (Afternoon Session) (Rev. 1) 20 A. depreciated and the British will find . goods cheaper. B. depreciated and the British will find . goods more expensive. C. appreciated and the British will find . goods cheaper. D. appreciated and the British will find . goods more expensive. Mock Exam 1 (Afternoon Session) (Rev. 1) 21 61. Which of the following statement about exchange rates is FALSE? A. In regular local direct exchange rates the dollar is always in the denominator. B. . dollar foreign exchange rate quotes are called cross rates. C. When the exchange rate goes from DEM/USD to DEM/USD the mark has depreciated relative to the dollar. D. All of the above. 62 Give that the average number of days the inventory in stock is 60 days, calculate the inventory turnover ratio: A. 5 B. 6 C. 7 D. Cannot be determined Based on the following data to answer Questions 63 to 65. A pany had the following changes in its balance sheet accounts: An increase in accounts receivable $50 A decrease in accounts payable $40 An increase in inventory $60 Sale of mon stock $150 Repayment of debt $20 Depreciation $10 Net Ine $700 63. The pany39。s cash flow from operations is: