题目内容

Country A is experiencing high inflation combined with high level of unemployment, which of the following best describes the situation ？

A. Disinflation.
B. Hyperinflation.
C. Stagflation.

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Regarding aggregate demand curve, which of the following statements is most accurate？

An increase in government spending will cause the aggregate demand curve to shift to the right.
B. Stock market crash will cause the aggregate demand curve to shift to the right.
C. Low business confidence will cause the aggregate demand curve to shift to the right.

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In an oligopoly market, the demand curve for a manufacturer is approximate horizontal. This situation is most relevant to which of the following models？

A. Kinked demand model.
B. Stackelberg model.
C. Nash equilibrium model

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Income statement information for Quick Corp. for the years ended December 31, 2000 and
2001 was as follows (in $ millions):
2000 2001
Sales 30,000,000 32,000,000
Cost of Goods Sold (16,000,000) (17,000,000)
Gross Profit 14,000,000 15,000,000
Amortization of Franchise (1,500,000) (1,500,000)
Other Expenses (7,000,000) (7,000,000)
Net Income 5,500,000 6,500,000
Quick acquired a franchise in 2000 for $15,000,000 that Quick elected to amortize over 10
years. Ignoring taxes, if Quick expensed the franchise cost in 2000 instead of amortizing it, net
income for 2000 and 2001 would be, respectively:

A. -$8,000,000 and $8,000,000.
B. -$9,500,000 and $8,000,000.
C. -$8,000,000 and $6,500,000.
D. -$9,500,000 and $6,500,000.

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Which of the following statements about monopolistic market is least accurate？

A. Economic profit can exist in the long run due to high entry barriers.
B. The product offered by the seller has no close substitute.
C. A monopolist will charge as high a price as possible.

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Country A is experiencing high inflation combined with high level of unemployment, which of the following best describes the situation ？

A. Disinflation. B. Hyperinflation. C. Stagflation.

Regarding aggregate demand curve, which of the following statements is most accurate？

In an oligopoly market, the demand curve for a manufacturer is approximate horizontal. This situation is most relevant to which of the following models？

Which of the following statements about monopolistic market is least accurate？

A. Disinflation.
B. Hyperinflation.
C. Stagflation.