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• 3. A decrease in the price of a good will(A) increase demand(B) decrease demand(C) increase quantity
• 4. Which of the following events may NOT result in a rising equilibrium price of certain goods?(A) W
• 5. A supermarket decides to reduce the price of its own brand of baked beans as a special offer for
• 6. A key characteristic of a competitive market is that(A) producers sell nearly identical products(
• 7. An oligopoly with a dominant price leader will produce a level of output(A) between that which wo
• 8. All externalities(A) cause markets to fail to allocate resources efficiently(B) cause equilibrium
• 9. Which of the following goods is the best example of a public good?(A) Online TV service provided
• 10. Of the following countries, which country’s government collects the largest amount of tax revenu
• 11. A binding price ceiling(A) causes a surplus(B) causes a shortage(C) increases consumers’ surplus
• 12. Minimum-wage laws(A) affect highly-educated workers more than high school dropouts(B) cause labo
• 13. Which of the following statements is NOT considered a disadvantage of GDP measurement?(A) GDP me
• 14. Which of the following is NOT a factor of the rise of real GDP in a country?(A) Advance of techn
• 15. Which of the following statements may NOT be a result of steady inflation?(A) Steady inflation c
• 16. Trade can make everybody better off because it(A) increases cooperation among nations(B) allows
• 17. Which term can be used to describe the following situation: “firms’ marginal revenue is not equa
• 18. Country T produces only apples ( A ) and bananas ( B ). The production probability frontier is g
• 19. Empirical studies show that the typical shape of firms’ long-run average cost curves is(A) slopi
• 20. Trump Machinery is analyzing a proposed project that is expected to sale 2,450 units, with an er
• 21. Which of the following pairs of causal relations is incorrect?(A) Banker’s interference in the m
• 22. Which of the following is NOT a function of currency?(A) Unit of account(B) Store of value(C) De
• 23. The Euro (EUR) is the official currency of 19 of the 27 member states of the European Union. Whi
• 24. In a country, its national income at current prices is $24 billion and the money supply is $8 bi
• 25. Since Taiwan is not a member of the International Monetary Fund, the Central Bank of the ROC(Tai
• 26. The Boston Book Inc. has adopted a policy of increasing its annual dividend at a constant rate o
• 27. You own 850 shares of the Taiwan Semiconductor Manufacturing Company’s stock valued at$53.15 per