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國立高雄應用科技大學
103 學年度研究所碩士班招生考試
國際企業系碩士班
經濟學(甲組)
試題
共 7 頁，第 1 頁
注意： a.本試題共 20 題，每題 3 分，共 60 分，計算問答題共 2 題，共 40 分，
總分共 100 分。
b.作答時不必抄題。
c.考生作答前請詳閱答案卷之考生注意事項。
I. Multiple Choice
Identify the choice that best completes the statement or answers the question.
1. Low rates of inflation are generally associated with
A. low rates of government spending.
B. small or nonexistent government budget deficits.
C. low rates of productivity growth.
D. low rates of growth of the quantity of money.
Figure 1
John’s Production Possibilities Frontier
20
Mary’s Production Possibilities Frontier
tarts
tarts
20
18
18
16
16
14
14
12
12
10
10
8
8
6
6
4
4
2
2
3
6
9
12
15
18
21
24
27
30
pies
3
6
9
12
15
18
21
24
27
30
pies
試題
共 7 頁，第 2 頁
2. Refer to Figure 1. John has an absolute advantage in the production of
A. both goods and a comparative advantage in the production of pies.
B. both goods and a comparative advantage in the production of tarts.
C. neither good and a comparative advantage in the production of pies.
D. neither good and a comparative advantage in the production of tarts.
3. Assume the market for pork is perfectly competitive. When one pork buyer exits the market,
A. the price of pork increases.
B. the price of pork decreases.
C. the price of pork does not change.
D. there is no longer a market for pork.
4. Suppose the number of buyers in a market increases and a technological advancement occurs
also. What would we expect to happen in the market?
A. Equilibrium price would decrease, but the impact on equilibrium quantity would be
ambiguous.
B. Equilibrium price would increase, but the impact on equilibrium quantity would be
ambiguous.
C. Equilibrium quantity would decrease, but the impact on equilibrium price would be
ambiguous.
D. Equilibrium quantity would increase, but the impact on equilibrium price would be
ambiguous.
5. Food and clothing tend to have
A. small income elasticities because consumers, regardless of their incomes, choose to buy
relatively constant quantities of these goods.
B. small income elasticities because consumers buy proportionately more of both goods at
higher income levels than they buy at low income levels.
C. large income elasticities because they are necessities.
D. large income elasticities because they are relatively inexpensive.
試題
共 7 頁，第 3 頁
6. If the minimum wage exceeds the equilibrium wage, then
A. the quantity demanded of labor will exceed the quantity supplied.
B. the quantity supplied of labor will exceed the quantity demanded.
C. the minimum wage will not be binding.
D. there will be no unemployment.
7. Which of the following is correct?
A. Consumer surplus refers to a situation in which there are more buyers than sellers in a
market.
B. Producer surplus refers to a situation in which there are more sellers than buyers in a
market.
C. Total surplus is measured as the area below the demand curve and above the supply
curve, up to the equilibrium quantity.
D. All of the above are correct.
Figure 2
Suppose that the government imposes a tax of P3 - P1.
P4
Price
Supply
A
P3
B
C
D
H
P2
P1
F
I
G
Demand
Q2
Q1
Quantity
8. Refer to Figure 2. After the tax is levied, consumer surplus is represented by area
A. A.
B. A+B+C.
C. D+H+F.
試題
共 7 頁，第 4 頁
D. F.
9. Assume, for the U.S., that the domestic price of pineapples without international trade is
lower than the world price of pineapples. This suggests that, in the production of pineapples,
A. the U.S. has a comparative advantage over other countries and the U.S. will export
pineapples.
B. the U.S. has a comparative advantage over other countries and the U.S. will import
pineapples.
C. other countries have a comparative advantage over the U.S. and the U.S. will export
pineapples.
D. other countries have a comparative advantage over the U.S. and the U.S. will import
pineapples.
10. At any given quantity, the willingness to pay in the market for gasoline is reflected in the
A. height of the demand curve at that quantity.
B. height of the supply curve at that quantity.
C. value to the producer of the last unit of gasoline sold.
D. total quantity of gasoline exchanged in the market.
11. Which of the following represents a potential solution to the problem of environmental
pollution?
A. corrective taxes
B. well established property rights
C. government regulation
D. All of the above are correct.
12. Which of the following is the best example of a variable cost?
A. monthly wage payments for hired labor
B. annual property tax payments for a building
C. monthly rent payments for a warehouse
D. annual insurance payments for a warehouse
試題
共 7 頁，第 5 頁
13. A monopolist's average revenue is always
A. equal to marginal revenue.
B. greater than the price of its product.
C. equal to the price of its product.
D. less than the price of its product.
14. Which of the following statements is not correct?
A. Part of the deadweight loss associated with monopoly is measured by the monopolist's
economic profit.
B. Marginal cost is always less than average total cost in a natural monopoly.
C. Discount coupons available free to the public are a type of price discrimination.
D. Anti-trust laws make it harder for firms to create synergies.
15. Which of the following statements about GDP is correct?
A. GDP measures two things at once: the total income of everyone in the economy and the
total expenditure on the economy’s output of goods and services.
B. Money continuously flows from households to firms and then back to households, and
GDP measures this flow of money.
C. GDP is generally regarded as the best single measure of a society’s economic well-being.
D. All of the above are correct.
16. Suppose the price of a six-pack of cola rises from $3 to $3.75 and the price of a pack of mints
rises from $1.25 to $1.75. If the CPI rises from 140 to 182, then people likely will buy
A. more cola and more mints.
B. more cola and fewer mints.
C. less cola and more mints.
D. less cola and fewer mints.
17. Which of the following is both a store of value and a common medium of exchange?
A. corporate bonds
試題
共 7 頁，第 6 頁
B. mutual funds
C. checking account balances
D. All of the above are correct.
18. Marcus puts a greater proportion of his portfolio into government bonds. Marcus’s action
A. increases both risk and the average rate of return.
B. decreases both risk and the average rate of return.
C. increases risk, but decreases the average rate of return.
D. decreases risk, but increases the average rate of return.
19. Unions
A. raise the wages of unionized workers and raise unemployment.
B. raise the wages of unionized workers and reduce unemployment.
C. reduce the wages of unionized workers and raise unemployment.
D. reduce the wages of unionized workers and reduce unemployment.
20. Which of the following shifts aggregate demand to the right?
A. an increase in the price level
B. an increase in the money supply
C. a decrease in the price level
D. a decrease in the money supply
試題
共 7 頁，第 7 頁
II. Numerical Problems
1. Consider two competitive economies that have the same quantities of labor (L = 400) and capital
(K = 400), and the same technology (A = 100). The economies of the countries are described by
the following Cobb-Douglas production functions:
North Economy:
Y = A L.3K.7
South Economy:
Y = A L.7K.3
(1) Which economy has the larger total production? Explain.
(5%)
(2) In which economy is the marginal product of labor larger? Explain.
(3) In which economy is the real wage larger? Explain.
(5%)
(5%)
(4) In which economy is labor's share of income larger? Explain. (5%)
2. Using the graph, answer the following questions.
(1) If the government does not allow trade, calculate the total surplus. What are the gains
from opening up trade? (8%)
(2) Assume that the government imposes a $1 tariff on hammers. Calculate the equilibrium
price, quantities of imports, consumer surplus, producer surplus and total surplus. What
are the deadweight losses from restricting trade with tariff?
(12%)