Question Bank
Note: The level of difficulty is designed from easy to difficult. All of these questions are sectioned into different topics (Macro, Micro, and Quantitative). This does not need to be the final exam structure.
1、Macro
1. What is the correct term for a company that operates branches in several countries?
A. A global group.
B. A multinational company.
C. A private organization.
D. A global institute.
2. Which of the following is a capital factor that boosts the UK’s economy?
A. An increase in population.
B. Rising consumer spending.
C. An increase in oil reserve.
D. An innovative supercomputer.
3. An Italian furniture retailer has spent €6,300,000 buying stock imported from Japan. The exchange rate is €1 = ¥175.16. The cost of this expenditure in yen is approximately:
A. 1.1 billion yen.
B. 1.3 billion yen.
C. 1.1 million yen.
D. 3.5 million yen.
......
2、Micro
1.Margret has worked as an office assistant at a bank since graduation. She now plans to start her own bookstore. What is the opportunity cost of her bookstore business?
A. The foregone salary she earns at the bank.
B. The cost of renting the store and furniture.
C. The revenue generated from selling books.
D. The satisfaction of being her own boss.
2.A laptop manufacturer and a GPU supplier choose to join together to form a large business. This is an example of:
A. An oligopoly.
B. A monopoly.
C. A merger.
D. An acquisition.
3.Which of the following costs increase when output increases?
A. Average costs and fixed costs.
B. Variable costs and fixed costs.
C. Fixed costs and marginal costs.
D. Total costs and variable costs.
......
3、Quantitative
1.In the regression model (Y = a + bX) where a = 2.40, the mean of X is 6, and the mean of Y is 24.
Which of the following values of parameter b is correct?
A. 3.90. B. 3.60. C. 4.00. D. 10.00.
2.Student A and B throw a dice. The probability that A’s number is bigger than B’s number is:
A. 20%. B. 31%. C. 42%. D. 53%.
3.A bag contains 6 red and 6 blue balls. Two balls are drawn at random with replacement. What is the probability of getting balls of different colors?
A. 0.5. B. 0.25. C. 0.125. D. 0.10.
......
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