CFA特许金融分析师-CFA一级-经济学.docxVIP

CFA特许金融分析师-CFA一级-经济学

[单选题]1.Whichofthefollowingconditionsisleastlikelytoincreaseacountry’sGDP（江南博哥）?

A.Anincreaseinnetexports.

B.Increasedinvestmentincapitalgoods.

C.Increasedgovernmenttransferpayments.

正确答案：C

参考解析：Answer:CGovernmenttransferpayments,suchasunemploymentcompensationorwelfarebenefits,areexcludedfromGDP.下列哪种情况最不可能增加一个国家的国内生产总值?政府转移支付，如失业补偿或福利，被排除在GDP之外。

[单选题]2.Oligopolisticpricingstrategymostlikelyresultsinademandcurvethatis:

A.kinked.

B.vertical.

C.horizontal.

正确答案：A

参考解析：Answer:ATheoligopolistfacestwodifferentdemandstructures,oneforpriceincreasesandanotherforpricedecreases.Competitorswilllowerpricestomatchapricereduction,butwillnotmatchapriceincrease.Theresultisakinkeddemandcurve.寡头定价策略最可能导致的需求曲线是:寡头面临两种不同的需求结构，一种是价格上涨，另一种是价格下跌。竞争对手会降低价格以配合降价，但不会配合提价。结果是弯折的需求曲线。

[单选题]3.Acompanyplanstohireadditionalfactoryemployees.Intheshortrun,marginalreturnsaremostlikelytodecreaseif:

A.thefactoryisoperatingatfullcapacity.

B.thefactoryisexperiencingalaborshortage.

C.workersarerequiredtomultitaskandshareduties.

正确答案：A

参考解析：Answer:AThelawofdiminishingreturnsoccursintheshortrunwhenadditionaloutputfallsasmoreandmorelaborisaddedtoafixedamountofcapital.Whenafactoryisoperatingatfullcapacity,addingadditionalemployeeswillnotincreaseproductionbecausethephysicalplantisalready100%employed.Morelaborhourswilladdtocostswithoutaddingtooutput,thusresultingindiminishingmarginalreturns.一家公司计划雇佣更多的工厂员工。在短期内，边际收益可能递减，如果:当越来越多的劳动力加入到固定数额的资本中，额外的产出下降时，短期内就会出现收益递减的规律。当一个工厂满负荷运转时，增加额外的员工并不会增加产量，因为实际的设备已经100%被使用了。更多的劳动时间将增加成本，而不会增加产出，从而导致边际收益递减。

[单选题]4.Overtime,themarketshareofthedominantcompanyinanoligopolisticmarketwillmostlikely:

A.increase.

B.decrease.

C.remainthesame.

正确答案：B

参考解析：Answer:BThedominantcompany’smarketsharetendstodecreaseasprofitsattracten