经济学题库及答案 14.docx

1、经济学题库及答案 14Economics, 11e, Global Edition (Parkin) Chapter 24 Finance, Saving, and Investment1 Financial Institutions and Financial Markets1) The term capital, as used in macroeconomics, refers toA) the plant, equipment, buildings, and inventories of raw materials and semi-finished goods.B) financia

2、l wealth.C) the sum of investment and government purchases of goods.D) investment.Answer: ATopic: CapitalSkill: RecognitionStatus: OldAACSB: Reflective Thinking2) The term capital, as used in macroeconomics, refers toA) the amount of money that someone can invest in a new venture.B) the amount of mo

3、ney a firm can raise in the stock market.C) physical capital.D) All of the above answers are correct.Answer: CTopic: CapitalSkill: RecognitionStatus: OldAACSB: Reflective Thinking3) Which of the following items are considered physical capital?I. shares of Ford stock traded on the New York Stock Exch

4、angeII. the Taco Bell store nearest youIII. the rental cars owned by Hertz Rental-A-CarIV. the salaries paid to Intel executivesA) II and III.B) I and IV.C) I, II and III.D) I, II and IV.Answer: ATopic: CapitalSkill: ConceptualStatus: OldAACSB: Reflective Thinking4) Gross investmentA) is the purchas

5、e of new capital.B) includes only replacement investment.C) does not include additions to inventories.D) Both answers A and B are correct.Answer: ATopic: Gross InvestmentSkill: RecognitionStatus: OldAACSB: Reflective Thinking5) The total amount spent on new capital in a time period is equal toA) wea

6、lth.B) gross investment.C) depreciation.D) net investment.Answer: BTopic: Gross InvestmentSkill: RecognitionStatus: OldAACSB: Reflective Thinking6) In January 2013, Tims Gyms, Inc. owned machines valued at $1 million. During the year, the market value of the equipment fell by 30 percent. During 2013

7、, Tim spent $200,000 on new machines. During 2013, Tims gross investment totalledA) $1 million.B) $300,000.C) $200,000D) $900,000.Answer: CTopic: Gross InvestmentSkill: AnalyticalStatus: OldAACSB: Analytical Skills7) Net investment equalsA) capital stock minus depreciation.B) gross investment minus

8、depreciation.C) the total quantity of plant, equipment and buildings.D) gross investment/depreciation.Answer: BTopic: Net InvestmentSkill: RecognitionStatus: OldAACSB: Reflective Thinking8) The increase in the capital stock equals the amount ofA) gross investment.B) depreciation.C) net investment.D)

9、 private sector spending.Answer: CTopic: Net InvestmentSkill: RecognitionStatus: OldAACSB: Reflective Thinking9) The capital stock increases whenever A) gross investment is exceeds net investment.B) net investment exceeds gross investment.C) gross investment is negative.D) net investment is positive

10、.Answer: DTopic: Net InvestmentSkill: ConceptualStatus: OldAACSB: Reflective Thinking10) If the economys capital stock increases over time,A) net investment is positive.B) depreciation is less than zero.C) depreciation exceeds gross investment.D) gross investment equals depreciation.Answer: ATopic:

11、Net InvestmentSkill: ConceptualStatus: OldAACSB: Reflective Thinking11) If the economys capital stock decreases over time,A) net investment is positive.B) depreciation is less than zero.C) depreciation exceeds gross investment.D) gross investment equals net investment.Answer: CTopic: Net InvestmentS

12、kill: ConceptualStatus: OldAACSB: Reflective Thinking12) In January 2013, Tims Gyms, Inc. owned machines valued at $1 million. During the year, the market value of the equipment fell by 30 percent. During 2013, Tim spent $200,000 on new machines. During 2013, Tims net investment totalledA) $1 millio

13、n.B) -$300,000.C) $200,000.D) -$100,000.Answer: DTopic: Net InvestmentSkill: AnalyticalStatus: RevisedAACSB: Analytical Skills13) The Acme Stereo Company had a capital stock of $24 million at the beginning of the year. At the end of the year, the firm had a capital stock of $20 million. Thus itsA) n

14、et investment was some amount but we need more information to determine the amount.B) net investment was $4 million for the year.C) gross investment was zero.D) net investment was -$4 million for the year.Answer: DTopic: Capital and InvestmentSkill: AnalyticalStatus: OldAACSB: Analytical Skills14) A

15、t the beginning of the year, Toms Tubes had a capital stock of 5 tube inflating machines. During the year, Tom scrapped 2 old machines and purchased 3 new machines. Toms net investment for the year totaledA) 1 machine.B) 2 machines.C) 3 machines.D) 6 machines.Answer: ATopic: Capital and InvestmentSk

16、ill: AnalyticalStatus: OldAACSB: Analytical Skills15) At the beginning of the year, Toms Tubes had a capital stock of 5 tube inflating machines. During the year, Tom scrapped 2 old machines and purchased 3 new machines. Toms gross investment for the year totaledA) 1 machine.B) 2 machines.C) 3 machin

17、es.D) 6 machines.Answer: CTopic: Capital and InvestmentSkill: AnalyticalStatus: OldAACSB: Analytical Skills16) At the beginning of the year, Toms Tubes had a capital stock of 5 tube inflating machines. During the year, Tom scrapped 2 old machines and purchased 3 new machines. Toms capital stock at t

18、he end of year equalsA) 1 machine.B) 2 machines.C) 3 machines.D) 6 machines.Answer: DTopic: Capital and InvestmentSkill: AnalyticalStatus: OldAACSB: Analytical Skills17) Which of the following is FALSE about saving?A) Saving adds to wealth.B) Income left after paying taxes can either be consumed or

19、saved.C) Saving equals wealth minus consumption expenditures.D) Saving is the source of funds used to finance investment.Answer: CTopic: Wealth and SavingSkill: RecognitionStatus: OldAACSB: Reflective Thinking18) An increase in the _ is an example of a capital gain.A) value of a share of stockB) wag

20、e rate of a federal employeeC) amount of income not spent on consumption or taxesD) after-tax wage rate as a result of a decrease in income tax ratesAnswer: ATopic: Wealth and SavingSkill: DefinitionStatus: NewAACSB: Reflective Thinking19) Facebook sold shares of stock for the first time in an IPO o

21、n May 18, 2012. The stock originally sold for $38 per share. As of October 19, 2012, a share of Facebook stock was valued at $19 per share. The decrease in the value of a share of Facebook purchased in May and still owned in October is calledA) a capital gain.B) a capital loss.C) gross investment.D)

22、 net investment.Answer: BTopic: Wealth and SavingSkill: DefinitionStatus: NewAACSB: Reflective Thinking20) At the beginning of the year, your wealth is $10,000. During the year, you have an income of $90,000 and you spend $80,000 on consumption. You pay no taxes. Your wealth at the end of the year i

23、sA) $20,000.00.B) $0.C) $90,000.00.D) $100,000.00.Answer: ATopic: Wealth and SavingSkill: AnalyticalStatus: OldAACSB: Analytical Skills21) At the beginning of the year, your wealth is $10,000. During the year, you have an income of $80,000 and you spend $90,000 on consumption. You pay no taxes. Your

24、 wealth at the end of the year isA) $20,000.00.B) $0.C) $90,000.00.D) $100,000.00.Answer: BTopic: Wealth and SavingSkill: AnalyticalStatus: OldAACSB: Analytical Skills22) In January, suppose that a share of stock in Meyer, Inc. had a price of $50 and that each share entitled its owner to $2 of Meyer

25、, Inc.s profit. During the year, the price of a share of Meyers stock rose to $100. The interest rate paid on the share in January was _ percent.A) 2B) 0.02C) 4D) 25Answer: CTopic: Interest Rate and Price of AssetSkill: AnalyticalStatus: OldAACSB: Analytical Skills23) Suppose that a bond promises to

26、 pay its holder $100 a year forever. If the price of the bond increases from $1,000 to $1,250, then the interest rate on the bondA) falls from 10 percent to 8 percent.B) rises from 8 percent to 10 percent.C) does not change because it is not affected by the price of the bond.D) falls from 10 percent

27、 to 6 percent.Answer: ATopic: Interest Rate and Price of AssetSkill: AnalyticalStatus: OldAACSB: Analytical Skills24) Suppose a bond promises to pay its holder $100 a year forever. The interest rate on the bond rises from 4 percent to 5 percent. The price of the bondA) falls from $2,500 to $2,000.B)

28、 does not change because it is not affected by the interest rate.C) falls from $25,000 to $20,000.D) rises from $2,000 to $2,500.Answer: ATopic: Interest Rate and Price of AssetSkill: AnalyticalStatus: OldAACSB: Analytical Skills25) The Restoring American Financial Stability Act of 2010A) cut the fe

29、deral governments ties with Fannie Mae and Freddy Mac.B) prohibits banks from selling mortgage backed securities, which were largely to blame for the financial market crisis in 2007-2008.C) eliminated the Federal Deposit Insurance Corporation.D) had restrictions that try to limit risky investment by

30、 banks.Answer: DTopic: The Financial Crisis and the FixSkill: RecognitionStatus: OldAACSB: Reflective Thinking26) All of the following are points of the Restoring American Financial Stability Act of 2010 EXCEPT:A) creating a Consumer Financial Protection Bureau.B) requiring mortgage lenders to revie

31、w income and credit histories of applicants to ensure they can afford payments.C) imposing tighter restrictions on banks to limit risky investments.D) requiring firms that create mortgage backed securities to keep at least 50 percent of their value as reserves.Answer: DTopic: The Financial Crisis and the FixSkill: RecognitionStatus: OldAACSB: Reflective Thinking27) The funds used to buy and operate physical capital