4. (5%) Which of the following statem ments is incorrect?(A) The real return on money at hand (cash)
6. (5%) Regard to the Ricardian Equivaience Theorem, which of the following statement is incorrect?(
7. (5%) Regard to a competitive equilibrium in an economy, which of the following statement is incor
8.(5%) Consider a represen ntative agent who can live for two periods. In each period, he/she has on
9. (5%) Following Question 8, now suppose that the government introduces a policy: imposing a lump-s
【題組】12. (5%) Use the midpoint method to calculate the percentage change in weekly quantity of facial
【題組】13. (5%) Use the midpoint method to calculate the percentage change in weekly quantity of facial
14. (5%) Which of the following statement(s) is true?(A)Announcing a price change in January on Dece
partC.是非題(每題三分。請於試卷上「非選擇題作區」依序作答。)Determine whether these statements are true or false.f it is true,
【題組】2.(3%) True or False: Free entry and exit causes firms to earn zero profit in the long run.(A)O(
【題組】3.(3%) True or False: Under perfect competition, demand and supply are both perfectly elastic.(A
【題組】5. (3%) True or False: Externalities cause inefficiency only because of incomplete markets. If m
【題組】6. (3%) True or False: Allocation of common resources and public goods are inefficient only beca
【題組】8.(3%) True or False: Most markets in reality are best described as monopolistic competition.(A)
【題組】9.(3%) True or False: The Bertrand Nash equilibrium outcome is an example of perfect competition
【題組】10. (3%) True or False: Market competition can fix discrimination by firms, but not discriminati
1. The reason only newly produced goods and services are counted in GDP is that ________.(A) it is v
1.The result that, under certain circumstances, no government action is needed to control an externa