经济学题库及答案 14.docx

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