7. Trade among nations is ultimately based on
(A) absolute advantage.
(B) strategic advantage.
(C) comparative advantage.
(D) technical advantage.

1. For a self-sufficient producer, the production possibilities frontier (A) is the same as the consumption possibilities frontier. (B) is greater than the consumption possibilities frontier. (C) is less than the consumption possibilities frontier. (D) is always a straight line.

2. Buyers and sellers who have no influence on market price are referred to as (A) market pawns. (B) monopolists. (C) price takers. (D) price setters.

3. Economists compute the price elasticity of demand as the (A) percentage change in price divided by the percentage change in quantity demanded. (B) change in quantity demanded divided by the change in the price. (C) percentage change in quantity demanded divided by the percentage change in price. (D) percentage change in quantity demanded divided by the percentage change in income.

4. A price floor will be binding only if it is set (A) equal to the equilibrium price. (B) above the equilibrium price. (C) below the equilibrium price. (D) either above or below the equilibrium price.

5. Consumer surplus in a market can be represented by the (A) area below the demand curve and above the price. (B) distance from the demand curve to the horizontal axis. (C) distance from the demand curve to the vertical axis. (D) area below the demand curve and above the horizontal axis.

6. The benefit to buyers of participating in a market is measured by (A) the price elasticity of demand. (B) consumer surplus. (C) the maximum amount that buyers are willing to pay for the good. (D) the equilibrium price.

8. When a market is characterized by an externality, the government (A) can correct the market failure only in the case of positive externalities. (B) can correct the market failure only in the case of negative externalities. (C) can correct the market failure in the case of both positive and negative externalities by inducing market participants to internalize the externality. (D) cannot correct for externalities due to the existence of patents.

9. The value of a business owner's time is an example of (A) an opportunity cost. (B) a fixed cost. (C) an explicit cost. (D) total revenue.

10. When buyers in a competitive market take the selling price as given, they are said to be (A) market entrants. (B) monopolists. (C) free riders. (D) price takers.

11. The fundamental cause of monopoly is (A) incompetent management in competitive firms. (B) the zero-profit feature of long-run equilibrium in competitive markets. (C) advertising. (D) barriers to entry.

113年 - 113 國立成功大學_碩士班招生考試_電信管理研究所:經濟學#122752

110年 - 110 國立政治大學_碩士班招生考試_俄羅斯研究所:經濟學#103308

110年 - 110 國立政治大學_碩士班招生考試_日本研究碩士學位學程:經濟學#103297

110年 - 110 國立高雄大學_碩士班招生考試_經營管理研究所(無組別)：經濟學#103050

110年 - 110 國立高雄大學_碩士班招生考試_金融管理學系：經濟學#102152