A-Level经济真题

1.Whichone of thefollowing is not the type ofThe United States (U.S.) subprime mortgage crisis during December 2007- June2009?

A. Negative externalities

B. Unstable Market

C. Information Failure

D. Productive and allocativeinefficiency 

2.Which one of the following is not thefinancial sector caused the Great Depression?

A. Monetary Policy

B. Unequal Distribution of Wealth

C. Over Production

D. HighTariffs and War Debts 

3.Which one of the following is not theexamples of asymmetric information in the financial sector?

A. Subprime mortgages - a lender does notknow how likely a borrower is to repay their loan

B. Insurance - a car insurance company cannottell the risks associated with each single driver

C. Producers provide different price to consumers based on the location

D. the buyer of afinancial product who is unaware of the true level of risk, as in the case ofCDOs or shares on the stock exchange.

4.Which of the following is a policy measure availableto a central bank? 

A. Setting thebasic rate of income tax

B. Setting thebudget for government spending

C. Setting thenational minimum wage

D. Setting the short term interestrate

5.Which one of the following is a correct statementabout monetary policy in the UK?

A. Monetary policy is used mainly toaffect the supply side of the economy.

B. Whenever the government usescontractionary fiscal policy, the Bank of England will use expansionarymonetary policy to offset the effects.

C. Higher interest rates may reduce inflationarypressure but they may also reduce employment.

D. Monetary policy may involve the expansion of the moneysupply to reduce aggregate demand.